Houthi attacks on shipping in the Red Sea risk reigniting global supply chain crisis
Captain James Staples, a lecturer at the Maritime College who has personally dealt with pirates, sheds light on the Houthi attack in the Red Sea in “Kuraman Countdown.'' The attacks by Iran-backed Houthi rebels on commercial ships in the Red Sea, a key crossroads for global trade, have disrupted supply chains just as the global […]
Red Sea attacks hike shipping costs 600% risk prolonging inflation
Terrorist attacks on commercial ships in the Red Sea have driven up shipping costs by more than 600% since the outbreak of the conflict between Israel and Hamas, potentially undermining the Federal Reserve's efforts to curb U.S. inflation. Crude oil prices briefly topped $80 a barrel on Friday, but rose to $78.29 a barrel as […]
Houthi Red Sea Attacks Send Shipping Costs Soaring over 300%
The Shanghai Container Freight Index (SCFI), a leading indicator of global freight costs, recorded a cost per container of $3,101 on Friday. This is an increase of about 310 percent since Yemen's Iranian-backed Houthi terrorists began attacking cargo ships in the Red Sea. . The SCFI price for a 20-foot shipping container was $2,871 last […]
Oil Prices Surge As Red Sea Conflict Escalates, Threatening More Inflation
Oil prices rose as much as 4% on Friday after the US and UK launched missile attacks on Iranian-backed Houthi rebels in retaliation for a Red Sea ship attack. The price of Brent crude, the world benchmark, soared above $80 a barrel to its highest price this year, before falling to around $79 a barrel […]
Tesla puts German factory production on hold as Red Sea attacks disrupt supply chains
BERLIN (AP) — Tesla says it will temporarily halt most production at its German factory due to attacks in the Red Sea, a key global transportation corridor. The electric car maker said in a statement Thursday night that it will temporarily suspend a factory near Berlin that makes Model Y vehicles and batteries from January […]
Red Sea bungling will cost Biden the 2024 election
Not Pittsburgh, Penn. Or President Biden will lose the election in Columbus, Ohio. It's the Red Sea. Iran-backed Houthi rebels are disrupting global shipping, and inflation will rise again between now and the election. Shipments in this region have plummeted. In mid-November, approximately 5.66 million tonnes of cargo was passing through the Bab al-Mendeb Strait […]
Oil tankers divert course from Red Sea after US-UK joint airstrikes on Yemen’s Houthis: report
Retired US Army Brigadier General Anthony Tata is reacting to retaliatory strikes by the US and UK against the Houthis in response to the Red Sea attacks and the Biden administration's response to rising tensions in the Middle East. At least four oil tankers were said on Friday to have turned mid-voyage to avoid entering […]
Houthis Claim Global Shipping ‘Is Safe,’ then Vow to Continue Red Sea Attacks
The Iranian-backed Houthi terrorist group in Yemen vowed on Wednesday to continue attacks on international shipping in the Red Sea, but would only target vessels linked to Israel and said it would “continue to attack ships in the Red Sea and Arabian Sea.” International navigation is safe.” ” The Houthis, a Shiite jihadist group that […]
Biden’s weakness created the conflicts in the Red Sea
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US, Britain launch strikes against Houthi militants in Yemen terrorizing Red Sea shipping
The United States and Britain launched attacks on targets linked to the Houthis in Yemen on Thursday. This came just days after Iranian-backed rebels carried out the “largest attack” ever on a transport ship in the Red Sea. The retaliatory attack was the first since Houthi militants began firing on cargo ships in the Red […]