it happened late on tuesday and is the latest in a series of attacks which are prompting major shipping lines to take alternative, longer routes. the international chamber of shipping says that one in five commercial vessels and ships are now avoiding the red sea, which accounts for 12% of global trade. it s led to a near doubling in the cost of container shipping. the attackers say they ll continue to target vessels until palestinians in gaza are allowed sufficient food and medicine. michelle bockmann is principal analyst at the maritime analysts lloyd s list intelligence. thank you for being with us today, michelle. there have been multiple efforts to try and neutralise the threat from these houthi rebels to ships in the area. these latest attacks suggest they are failing. good afternoon. it certainly seems that way at the moment. the us coalition of military support that is meant to be helping that transit through the red sea to the suez canal seems to have failed to deter
thank you very much. we start with the shipping crisis in the red sea. yemen s houthi militant group has claimed responsibility for yet another attack on a container vessel, this one belonging to the french shipping line cma cgm. it happened late on tuesday despite the presence of the us navy in the area and it s the latest in a series of attacks which are prompting major shipping lines to take alternative, longer routes. the international chamber of shipping says that one in five commercial vessels are now ships are now avoiding the red sea, which accounts for 12% of global trade. it s led to a near doubling in the cost of container shipping. the attackers say they ll continue to target vessels until palestinians in gaza are allowed sufficient food and medicine. ami daniel is the chief executive of the martime intelligence and analytics firm windward, among other things, they help companies reduce risks at sea. thank you for being with us today. one in five ships choosing
this is bbc news. the headlines. more than 100 people die in iran in two explosions near the grave of a top revolutionary guards commander. warnings of higher prices and a delay on goods as commercial ships avoid the red sea because of rebel attacks. on verified today, we have been investigating one hospital under attack in gaza in a series of health facilities which have been affected by the war. and this history making teenager is on target for further glory. 16 year old luke littler could tonight become the youngest player to win the world darts championship. returning to events in the red sea. the governments of the uk, the us and ten other countries have released a joint statement warning yemen s houthi rebels that they will bear the responsibility of the consequences if they continue to attack ships travelling through the red sea. the governments warn that the attacks are a direct threat to the freedom of navigation that serves as the bedrock of global trade and
new york city ushers in 2024 with a devastating condition. at least nine people heard including nypd officers after a driver rammed his suv into a group of people celebrating the new year near madison square garden. police say that man was a suspect trying to get away from officers when he hit a food truck and several police cruisers. hello and welcome to fox news live. mike emanuel. the chaos happening just blocks from times square after the ball drop. police say the suspect got into an argument with someone. and he got into his car and sped off. we are live in alexis mcadams is live. it only happened just a matter of hours ago. the driver is in custody in charges and charges are pending. we just got off the phone with them. take a look at your screen. police say this started with an argument between the driver and another person in midtown manhattan. when officers went over there, one guy hopped in his car and took off, even driving up to the busy sidewalk. probab
if you have just joined if you havejustjoined us, good to have you with us. we begin with the soaring cost of energy. as governments and central banks grapple with rising inflation and a cost of living crisis, the world s biggest oil company announces record breaking profits. the saudi oil company aramco revealed it made more than $48 billion in profits in the second quarter of this year. the eye watering sum marks a 90% year on year increase and the biggestjump in earnings for the world s largest energy exporter since its public listing three years ago. but what is the outlook for oil prices this year and beyond? the war in ukraine caused a significant spike in the price of energy worldwide prices have come off the highs reached earlier this year and now with fears of recession on the horizon in europe and other key economies globally, there are differing views out there as to where the price of the oil is headed. let s talk this through with craig erlam senior market an