The battle for the freedom of navigation in the Red Sea has expanded with the entrance of a European Commission naval defense effort in the past week, and more U.S. and allied strikes against Houthi land targets over the weekend, but to date, combined military efforts have not deterred rebel attacks. On Saturday evening, United … Read more
A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. Sayed Hassan | Getty Images Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. The letter, obtained exclusively by CNBC, was … Read more
This picture taken from the Israeli side of the border with the Gaza Strip, shows an explosion in the northern part of the Palestinian enclave during an Israeli attack on November 22, 2023, amid ongoing battles between Israel and the Hamas movement. John Macdougall | Afp | Getty Images Israeli bombs hit the Gaza Strip … Read more