Latest Red Sea News
Egypt increases fuel prices following depreciation of local currency
CAIRO (AP) — The Egyptian government raised fuel prices on Friday in a move that is bound to exacerbate inflationary pressures on an already-struggling population. The new prices were announced on the Cabinet’s Facebook page and came into effect Friday morning. The price of...
Yemen's Houthis reported to have a hypersonic missile, possibly raising stakes in Red Sea crisis
DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels claim to have a new, hypersonic missile in their arsenal, Russia's state media reported Thursday, potentially raising the stakes in their attacks on shipping in the Red Sea and surrounding waterways against the backdrop of Israel's war with...
UN envoy warns Gaza war and Red Sea attacks by Houthi rebels risk propelling Yemen back into war
UNITED NATIONS (AP) — The longer the war in Gaza goes on and Yemen’s Houthi rebels keep attacking ships in the Red Sea the greater the risk that Yemen could be propelled back into war, the U.N. special envoy for the poorest Arab nation warned Thursday. Hans Grundberg told the...
3 Red Sea data cables cut as Houthis launch more attacks in the vital waterway
DUBAI, United Arab Emirates (AP) — Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels, officials said Monday. Meanwhile, a Houthi missile attack set a ship ablaze in the Gulf of Aden, but...
A ship earlier attacked by Yemen's Houthi rebels has sunk in the Red Sea after days of taking on water, officials say
Global economy is weighed down by war, uncertainty and instability, trade chief warns
ABU DHABI, United Arab Emirates (AP) — The head of the World Trade Organization warned on Monday that war, uncertainty and instability are weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world's population could bring new challenges. ...
US and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships
WASHINGTON (AP) — The U.S. and Britain struck 18 Houthi targets in Yemen, answering a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, including a missile strike this past week that set fire to a cargo vessel. According to U.S....
4 charged in transporting suspected Iranian-made weapons. 2 SEALs died in intercepting the ship
RICHMOND, Va. (AP) — Four foreign nationals were arrested and charged Thursday with transporting suspected Iranian-made weapons on a vessel intercepted by U.S. naval forces in the Arabian Sea last month. Two Navy SEALs died during the mission. The criminal complaint unsealed...
Houthi rebel attack sets cargo ship ablaze, forces Israel to intercept another attack near Eilat
DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels launched attacks Thursday on both Israel and a ship traveling through the Gulf of Aden, setting the vessel ablaze and again demonstrating their ability to launch assaults despite facing U.S.-led airstrikes targeting their forces. ...
Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months
WASHINGTON (AP) — Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. But some of the policymakers expressed concern that strong growth in spending and hiring could disrupt that progress. ...