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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. ....

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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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