Suez Canal Revenues Plummet Amid Red Sea Instability
Suez Canal revenues plummeted by 64.3% year-on-year in May, reaching only $337.8 million due to ongoing instability in the Red
Read more
Houthi rebels
Ship Sunk by Houthi Rebels Poses Environmental Crisis in the Red Sea
A ship targeted by Yemen’s Houthi rebels in the Red Sea in February has sunk, officials confirm. The vessel, the
Read more
Houthis Sink British Ship In The Red Sea, US Strikes Submarine Drone
Iran-backed Houthi militants attacked and significantly damaged the cargo ship Rubymar in the Bab el-Mandeb strait, forcing its crew to
Read more
US-Led Coalition Strikes Houthi Targets in Yemen Amid Escalating Tensions
After actively avoiding an expansion of the war in the Middle East for the past three months, the United States,
Read more
Tesla Halts Production in Berlin Due to Houthis-Linked Red Sea Supply Chain Disruptions
Following the Houthis’ persistent attacks, the US and UK governments are mulling to strike back. Tesla has announced a temporary
Read more
Will The Red Sea Shipping Suspensions Bankrupt Egypt?
In a move that could have severe repercussions for Egypt’s already fragile economy, Maersk, one of the world’s leading shipping
Read more
Is Russia Behind the Houthi Attacks in the Red Sea?
Yemen has granted exclusive passage rights to tankers carrying Russian oil through the Red Sea to the Suez Canal. This
Read more
Operation Prosperity Guardian Isn’t Reassuring Major Merchants, Over 100 Container Ships Have Diverted Away from the Red Sea
In recent weeks, US warships stationed in the Red Sea have encountered an escalation in attacks from Houthi forces in
Read more
Canada To Join Red Sea Mission Despite The Lack Of Capability
In response to increasing threats faced by commercial ships in the Red Sea from Iran-backed Houthi rebels in Yemen, Canada
Read more
Suez Canal Authority Monitoring Red Sea Tensions, Rerouting Ships
The Suez Canal Authority is closely monitoring the ramifications of heightened tensions in the Red Sea, following recent attacks by
Read more