Yemen Financial News

A group of 50 people and firms across across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military have been hit with U.S. economic sanctions

Authorities say a suspected attack by Yemen’s Houthi rebels has targeted a ship in the Gulf of Aden

Yemen's Houthi rebels early Wednesday targeted a ship in the Gulf of Aden and the southern Israeli port city of Eilat, authorities said. The attacks follow the departure of the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war in the Gaza Strip rages. The ship attack happened off the coast of Aden, the British military's United Kingdom Maritime Trade Operations center said.

Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the only visible objects in the last known location of the Tutor dry-bulk carrier — at which point it was semi submerged — were some debris and an oil slick. Yemen’s Houthi militants managed to strike it with a seaborne drone, killing one crew member and injuring others. They said they eventually sank it with explosives. Register for the ET MSME Day 2024 here.

An aerial drone likely launched by Yemen’s Houthi rebels struck and damaged a vessel in the Red Sea

the sinking this week of the ship Tutor, which marked what appears to be a new escalation by the Iranian-backed Houthis in their campaign of strikes on ships in the vital maritime corridor over the Israel-Hamas war in the Gaza Strip. Meanwhile, the U.S. military ordered the USS Dwight D.

Red Sea needs to more than double in size because of escalating attacks by Iran-backed Houthi rebels, the head of the operation said. Four EU vessels have been patrolling the waters off the coast of Yemen since February. In that time, they’ve provided “close assistance” to 164 ships, shot down more than a dozen unmanned aerial vehicles and destroyed four anti-ship ballistics missiles, Rear Admiral Vasileios Gryparis said in an interview on Wednesday. The Yemen-based Houthis began attacking vessels last year to pressure Israel and its allies over the war in the Gaza Strip. Their campaign has roiled global shipping, forcing many vessels to sail thousands of miles around southern Africa instead — despite the EU operation and US and UK bombing that began in January.

shipping sector, spelling trouble for businesses in the city-state. The bunching up of container vessels outside one of the world’s busiest maritime trade hubs — caused by ships avoiding the Red Sea due to Houthi rebels’ attacks — means there’s more cargoes trapped in shipyards for longer. That’s pushing freight rates ever higher, with no immediate end to the congestion in sight. For the manufacturers and exporters needing to get their finished products out of the city-state, that means there may be little choice other than to hold on to their inventories longer than they’d like to.

A bulk carrier sank in the Red Sea days after an attack by Yemen’s Houthi rebels believed to have killed one mariner on board

Fatigue is setting in as a U.S. aircraft carrier nears its ninth month waging the most intense running sea battle since World War II

The U.S. military has unleashed a wave of attacks targeting radar sites operated by Yemen’s Houthi rebels after one merchant sailor went missing and the vessel he was on caught fire in the latest Houthi strike in the Red Sea

The U.S. says the Iranian-backed Houthis launched two anti-ship cruise missiles and struck a commercial ship in the Gulf of Aden off Yemen, setting it on fire and severely injuring one civilian mariner

₹6,588 per barrel on the multi commodity exchange (MCX). -The US Labor Department said the producer price index (PPI) for final demand dropped 0.2 per cent last month. Separate data showed weekly initial jobless claims exceeded estimates for a 10-month high.-The US Fed held interest rates steady on and pushed out the start of policy easing to as late as December.

Missile attacks by Yemen’s Houthi rebels have struck two ships in the Gulf of Aden, the latest assaults on shipping in the region

Yemen's Houthi rebels under unclear circumstances, authorities said Friday, as the rebels face increasing financial pressure and airstrikes from a US-led coalition. Others working for aid groups also likely have been taken. The detentions come as the Houthis, who seized Yemen's capital nearly a decade ago and have been fighting a Saudi-led coalition since shortly after, have been targeting shipping throughout the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

Saudi Arabia and allied oil producing countries have extended their deep output cuts aimed at supporting slack prices

pani puri. The novelty faded somewhat when she made tandoori prawns, and by the time she was on to butter chicken, I thought they were struggling to be polite.

Joint British-U.S. airstrikes targeting Yemen’s Houthi rebels killed at least 16 people and wounded 42 others

A Greek-owned and Marshall Islands-flagged bulk carrier that came under attack by Yemen’s Houthi rebels earlier this week had a cargo of grain bound for Iran

MQ-9 Reaper drone went down in Yemen, images online purported to show Wednesday, as Yemen's Houthi rebels continued attacks on shipping around the Red Sea over the Israel-Hamas war. It wasn't immediately clear what brought down the drone, but the U.S. military's Central Command acknowledged seeing «reports» of the aircraft being downed in a desert region of Yemen's central Marib province. It marked potentially the third such downing this month alone. Images published online and analyzed by The Associated Press showed the MQ-9 on its belly in the barren desert, its tail assembly disconnected from their rest of its body. At least one hatch on the drone appeared to have been opened after it landed there, though the drone remained broadly intact without any clear blast damage. One image included Wednesday's date. Noticeably, the drone did not appear to carry any markings on it.

A missile attack has damaged a ship in the Red Sea off the coast of Yemen