Oil giant British Petroleum (BP) has temporarily halted all its tanker transits via the Red Sea after attacks on ships by Iranian-backed Houthi militants based in Yemen escalated.
Tags: Israel Hamas conflict
Joe Biden Issues Order Imposing Sanctions on Israeli Settlers Who Attack Palestinians in West Bank
President Joe Biden has issued an executive order targeting Israeli settlers who attack Palestinians in the West Bank.
Oil Climbs 1% After Houthi Rebels Attack on British Oil Tanker; Trafigura Assesses Red Sea Risks
Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.
US Launches Additional Strikes Against Houthis in Yemen as Rebels Hit Greek Ship With Missile in Red Sea
The US military launched new strikes in Yemen on Tuesday, targeting anti-ship ballistic missiles in a part of the country controlled by Houthi rebels.
Oil Prices Surge After US, Britain Strike Back at Houthi Rebels in Yemen
Oil prices jumped 2% on Friday as the United States (US) and Britain launched air and sea strikes in Yemen against the Houthi militants.
Latest News
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Authorities in Israel are currently investigating unusual trading activities that occurred just days before the October 7 Hamas attack.
Airlines are grappling with a significant decline in bookings following the conflict between Israel and Hamas as people cancel trips to the Middle East and nearby countries.
