Red Sea Shipping Has Sunk Amid Missile Attacks. Here’s What That Means For Americans’ Wallets
Attacks by Iran-backed Houthi militants in the Red Sea have wreaked havoc on global shipping, increasing costs and travel times for shipping companies, according to experts who spoke to the Daily Caller News Foundation. Ultimately, the burden will fall on U.S. consumers. The number of weekly flights through the Suez Canal and Red Sea has […]
Maersk Suspends U.S.-Flagged Shipping After Houthis Attack Again
Danish shipping giant Maersk on Wednesday suspended U.S.-flagged shipments through the Red Sea following recent missile attacks by Iran-backed Houthi terrorists. The U.S. Navy intercepted a Houthi missile, but two Maersk ships still reversed course due to safety concerns, and the company will no longer attempt to cross the Red Sea with its ships flying […]
Global shipping rates skyrocket as Red Sea crisis deepens
Salvatore Styles, founder of Aruba Wheels Up International, analyzes the impact of the Houthi rebel attacks on business domestically and internationally. Global shipping rates are soaring as Yemen's Iran-backed Houthi rebels step up attacks on commercial shipping in the Red Sea, a vital waterway for Yemen. world trade. New data from Freightos Terminals released on […]
US Launches New Strikes On Yemen After Houthis Continue Attacks On Shipping
The United States on Wednesday launched additional strikes on 14 missile targets in Yemen, where Houthi militants were preparing further attacks on international shipping, according to the Pentagon. The US military has fired munitions from ships and submarines at Houthi-linked targets since Thursday, after an initial US-led multinational counterattack triggered retaliation from Houthi rebels. CBS […]
DHL CEO says Red Sea disruption could lead to shipping container shortage
Lt. Col. Darin Gaub, a retired U.S. Army Black Hawk helicopter pilot, says the only hope for de-escalating conflicts in the Middle East is for Israel to remain on the defensive. DHL CEO Tobias Meyer said on Wednesday that the continued disruption of global trade due to Houthi rebel attacks in the Red Sea could […]
QatarEnergy halts Red Sea LNG shipping following US-UK strikes on Yemen’s Houthis: report
Former NSA deputy director KT McFarland talks about the US and UK attacks on Yemen's Houthis on “Maria Bartiromo's Wall Street.'' One of the world's largest exporters of liquefied natural gas is reportedly sending tankers through the Red Sea following recent joint US-UK airstrikes targeting Iran-backed Houthi rebels in Yemen It is reported that it […]
Tesla, Volvo pause production in Europe amid Red Sea shipping crisis
Sen. Markwayne Mullin (R-Okla.) spoke to the Iowa caucuses on the “bottom line” in response to the U.S. and British military's launch of an offensive against the Houthis in Yemen. tesla and volvo announced last week that it would suspend some production in Europe due to parts shortages caused by shipments being rerouted from the […]
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 […]
US Conducts Additional Strikes On Houthis After Attacks On Shipping Continue
The United States carried out additional strikes on Houthi-linked targets in Yemen on Friday night after rebels opened fire on another commercial vessel earlier in the day, according to multiple reports. U.S. officials said Friday's attack was unilateral and limited to radar facilities used by Iranian-backed militants, unlike Thursday night's multinational barrage of dozens of […]
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 […]