Tesla shares dropped in trade after the carmaker said its lone European factory will be disrupted by attacks in the Red Sea. It also cut car prices in China. The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by … Read more
Descrease article font size Increase article font size At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed. The attacks were carried out from the air and sea in response to the Iranian-backed … Read more
Strikes against Houthi targets by the United States and the United Kingdom in Yemen are the “consequences” of the rebel group’s attacks in the Red Sea, Canada says. Canada joined Australia, Bahrain and the Netherlands in providing support for the strikes. Foreign Affairs Minister Melanie Joly and Defence Minister Bill Blair said in a statement Friday … Read more
The United States and Britain conducted a series of airstrikes on Houthi military positions in Yemen Thursday night in a massive “direct response” to escalating attacks on vessels in the Red Sea, U.S. President Joe Biden confirmed. The move marks a dramatic escalation of a simmering regional conflict in the Middle East sparked by Hamas’ … Read more
U.S. and British naval forces shot down 21 drones and missiles fired by Yemen-based Houthis on Tuesday towards international shipping lanes in the southern Red Sea, the United States said. Britain’s defence minister said it was the largest attack in the area by the militants to date as the three-month-long war between Israel and Hamas in … Read more
A cargo ship boat model is seen in front of “Red Sea” and “Houthi attacks” words in this illustration taken January 9, 2024. Dado Ruvic | Reuters U.S. and coalition forces under Operation Prosperity Guardian responded Tuesday in the Red Sea to what American officials said was the largest attack to date on merchant vessels … Read more
Canada and its allies are warning that disruptions from attacks on vessels in the Red Sea are “adding significant cost” and delays to global shipping. A joint statement Wednesday from Canada, the United States, United Kingdom and a host of other nations reiterates condemnation of Houthi attacks on commercial ships in the Red Sea, noting … Read more
Yemen’s Iran-backed Huthi rebels fired two missiles late Tuesday toward merchant ships travelling in the Red Sea near the strategic Bab el-Mandeb Strait, the US military said following a report by the British maritime security agency UKMTO. United Kingdom Maritime Trade Operations had initially reported explosions near a cargo ship sailing between the coasts of … Read more
Yemen’s Houthi rebels show no signs of ending their “reckless” attacks on commercial ships in the Red Sea, the top commander of U.S. naval forces in the Middle East said Saturday, even as more nations join the international maritime mission to protect vessels in the vital waterway and trade traffic begins to pick up. Since … Read more
Half of the container-ship fleet that transits the Red Sea and Suez Canal is avoiding the route. The US military is trying to reassure shipping companies that a multinational force is making it safe to sail through the Red Sea and Suez Canal even though attacks from Yemen-based Houthi rebels show no sign of stopping. … Read more
