Houthis

The Treasury Department took action against a Houthi financial network, imposing sanctions on cryptocurrency wallets used by the Iran-backed militant group to fund its war machine. What Happened: According to a Wednesday press release, the Department of the Treasury's Office of...

Yemen’s Houthi rebels have reportedly attacked two crude oil tankers in the Red Sea, as confirmed by the U.S. military. What Happened: The Houthi rebels, who are backed by Iran, targeted the Saudi-flagged “Amjad” and the Panama-flagged “Blue Lagoon I.” The U.S....

Israeli Prime Minister Benjamin Netanyahu addressed the U.S. Congress for the first time since Hamas’ Oct. 7 attacks on Israel and Israel’s subsequent bombing and invasion of the Gaza Strip. “We meet today at a crossroads of history. Our world is in upheaval. In the Middle East,...

Elon Musk shared his thoughts on the recent capture of a U.S. Reaper drone by Houthi forces. He raised concerns about the effectiveness of the drone’s design. What Happened: On Thursday, Musk responded to a post from an X page called @zerohedge which reported the sixth U.S. Reaper drone...

In a strategic move, the United States has provided Ukraine with a significant amount of infantry weapons and ammunition, which were originally seized from Iran. This development comes as a new aid package faces delays in Congress. What Happened: The U.S. has delivered a substantial cache of...

In a decisive move to secure critical maritime routes, the U.S. military has launched strikes against Houthi air defense systems in Yemen, targeting their drone capabilities and safeguarding the Red Sea’s shipping lanes. What Happened: The U.S. military has neutralized key components of the...

On Monday, the U.S. Central Command (CENTCOM) disclosed that Yemen’s Houthi movement attempted to strike an American oil tanker in the Gulf of Aden with a ballistic missile, but the attempt failed. What Happened: The missile, likely aimed at the MV Torm Thor, missed the U.S.-flagged, owned,...

In a recent interview, a top U.S. Navy admiral revealed that the ongoing conflict with Houthi rebels in the Red Sea is the most extensive naval battle the U.S. has faced since World War II. What Happened: Vice Adm. Brad Cooper, the deputy commander of the U.S. Central Command, disclosed during CBS...

The impact of shipping disruptions hasn’t yet been felt in global commodity markets, but the companies that are carrying freight around longer routes are certainly feeling the pain. What Happened: Shares in Danish shipping giant Moller Maersk (OTC:AMKBY) were down 15.5% in morning trade in...

In a recent development, Chinese officials have reportedly issued a warning to Iran, urging them to control the Iran-backed Houthi attacks on ships in the Red Sea. This warning is said to have been delivered during several high-level meetings in Beijing and Tehran. What Happened: The Chinese...

The United States is increasingly concerned about Iran’s supply of advanced weaponry to Houthi rebels in Yemen, which is bolstering the rebels’ capacity to disrupt international commerce and attack merchant vessels. What Happened: Iran has been providing the Houthi rebels in Yemen with...

In a recent development, Iran has temporarily paused the supply of weapons to Houthi rebels in Yemen via sea routes following the U.S. and UK airstrikes. This has led to a cautious sense of optimism among Western officials regarding the effectiveness of the military intervention. What Happened: The...

Iran has launched a missile attack on a site in Iraq, alleging it to be an Israeli espionage base, marking its direct involvement in the Israel-Hamas conflict. Focused on the city of Ibril in the semi-autonomous region of Kurdistan, four civilians were reported to have been killed in the attack,...

The Red Sea, a crucial artery for global trade, remains under the shadow of escalating tensions. Recent incidents, including a strike by Iran-backed Houthi rebels Monday on the U.S.-owned Gibraltar Eagle, underscore the growing risks in this vital region. Houthi Strike On Gibraltar Eagle On Monday...

Crude oil prices jumped by more than 4% in early trade on Friday as tensions in the Middle East and Red Sea intensified following U.S.-led airstrikes on Houthi rebel targets in Yemen. Brent crude rose by 4.1% to $80.50 a barrel, while Nymex WTI jumped 4.2% to $75.02 a barrel. The United States Oil...