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Inflation Warning: Shipping Insurance Rates Soar as Red Sea Crisis Bites

Attacks by Huthi rebels have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates.

United kingdomIsrael generalRed seaDjibouti generalHong kongCity ofIndian oceanMarcus bakerNeil robertsClaire hamonicFrederic denefleMunro andersonAscoma internationalWar committeeLloyd market associationIran backed huthis

Crew Abandons Sinking Ship Struck by Houthi Missile

Attack may be the first serious missile damage inflicted on a merchant ship by the Iran-backed, Shiite Muslim Houthi Rebels.

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Houthis Claim Another Strike on an Oil Tanker in the Red Sea

Yemen's Iran-backed Houthi rebels on Saturday claimed an attack a day earlier on an oil tanker in the Red Sea.

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Worry Houthi Attacks on Shipping Will Disrupt Progress on Cutting Inflation

The downward inflation path faces risks from disruptions to shipping through the Red Sea, a key route for goods and fuel headed for Europe.

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Still Thinking About it: EU Mission to Red Sea Attacks Weeks Away

The European Union plans to launch a naval mission in the Red Sea within three weeks to help defend cargo ships against attacks.

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