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War
Container ships abandon the Red Sea as allies scramble for defense
On Tuesday, container shipowners abandoned one of the busiest trade routes in the world. Many of the largest cargo ships diverted to avoid the Red Sea due to the increasing attacks by Iranian-backed rebels.
AP Moller Maersk, the second…
BP halts oil shipments across the Red Sea following rebel attacks
BP is the first major oil company to halt all shipments via the Red Sea. The company mentioned a worsening situation because of the increasing attacks by Yemeni rebels on ships using a route that manages about 10% of worldwide trade.
Brent…
As attacks on Red Sea shipping increase, the US has expanded its naval task force to provide…
The Pentagon convinced over seven allies in the Red Sea to join a stronger naval task force due to more attacks on commercial ships by Iran-backed militants, resulting in higher oil prices.
Lloyd Austin, US Defence Secretary, announced…