Dockworkers reach tentative deal with ports and shippers, averting a potential strike
US longshore workers reached contract agreements with ports and shippers on Wednesday, averting a potential strike that could damage the US economy. The International Longshoremen's Association union and the American Maritime Alliance of port and shipping companies announced they had reached a tentative agreement on a six-year contract, one week ahead of the Jan. 15 […]
Oil Prices Shed 2% As Shippers Gamble on Red Sea – OilPrice.com
West Texas Intermediate (WTI) crude oil prices fell more than 2% on Wednesday as global shipping giants prepare to resume Red Sea navigation despite continued missile attacks by the Houthis. , Brent crude oil is also close to a similar decline on the same day. As of 3:43 p.m. ET on Wednesday, WTI was trading […]
Red Sea attacks impacting global trade as more shippers move to dodge Houthis
Brent Sadler, senior fellow at the Heritage Foundation, reacts to BP's suspension of Red Sea oil shipments following the Houthi attack on Barney & Co. The disruption to global trade caused by the exodus of shipping companies from the Red Sea is beginning to become apparent, with more major shippers rerouting their ships to the […]
Fears of higher oil, gas prices rise as shippers avoid Red Sea due to Houthi attacks
FOX News Senior Strategic Analyst Gen. Jack Keene (ret.) discusses Houthi attacks on merchant ships and the ongoing Israeli-Hamas war. Continued missile and drone attacks on ships in the Red Sea by Yemen's Iranian-backed Houthi rebels have caused several commercial shippers to reroute all vessels from the region, disrupting trade and reducing oil and Concerns […]
