Red Sea

Hamas is reportedly still holding consultations on a ceasefire and hostage release proposal that was drafted last week as U.S. Secretary of State Antony Blinken returns to the Middle East to rally support for the deal. The New York Times reports that a Hamas-affiliated broadcaster said on Sunday...

Yemen’s Iran-backed Houthi group has declared its intention to persist in targeting U.S. and British warships in the Red Sea, citing self-defense. What Happened: The Houthi group, which controls the most densely populated regions of Yemen, has been attacking ships in and around the Red Sea....

Seasoned Wall Street investor Ed Yardeni, in an interview with Bloomberg on Jan. 30, recommended owning energy-related stocks to hedge against potential oil price shocks. Yardeni highlighted the current geopolitical volatility, particularly in the Middle East, as a factor that could lead to a...

Fears of a severe economic downturn are fading as economic growth continued to outpace expectations, and on Tuesday, the International Monetary Fund (IMF) backed up hopes of a soft landing in its quarterly report. The Washington, D.C.-based IMF said economic resilience seen in the second half of...

Political tension is intensifying following the deaths of three U.S. soldiers, allegedly at the hands of Iran-backed militants. The incident has amplified pressure on U.S. President Joe Biden to take direct action against Iran, despite fears of triggering a wider conflict. What Happened:...

This week was nothing short of news-packed, marked by escalating maritime conflicts, political criticisms, and warnings from global leaders. From the Red Sea conflict involving Yemen’s Houthi rebels and a U.S. warship to the controversial pause on LNG export approvals by the Biden...

In a significant escalation of the ongoing maritime conflict, Yemen’s Houthi rebels have targeted a U.S. warship with a missile. The attack, which occurred in the Gulf of Aden, has further intensified the already volatile situation in the region. What Happened: The Houthi rebels, who have...

The Houthis have issued an order for U.S. and British nationals in Yemen to leave the country within a month. What Happened: The Houthi authorities have directed U.S. and British staff of the United Nations and humanitarian organizations based in Sanaa to leave Yemen within 30 days, as reported by...

The U.S. has been urging China to use its influence to stop Iran-backed Houthi rebels from attacking commercial ships in the Red Sea. However, the diplomatic pressure has not yielded any significant results, according to American officials. What Happened: The U.S. has been pressing China to...

In a recent development, the U.S. and the U.K. have conducted a new series of airstrikes in Yemen, targeting Houthi military infrastructure. The strikes were aimed at disrupting the group’s activities in the Red Sea, a vital global trade route. What Happened: The U.S. and British forces...

BlackRock, the world’s largest asset manager, has issued a warning about the impact of geopolitical volatility on global markets. What Happened: BlackRock’s analysts, led by Wei Li, have highlighted the increasing geopolitical risks and their potential to disrupt traditional market...

Yemeni influencer Rashid Al Haddad, also known as the “hot Houthi pirate,” has been banned from TikTok due to community guidelines violations. This comes amidst escalating tensions in the Red Sea region. What Happened: Al Haddad's video showing him on the Bahamian-flagged, Japan-...

In a recent episode of CNBC’s “Mad Money,” host Jim Cramer cautioned investors about the potential impact of the ongoing Red Sea crisis on the Federal Reserve’s fight against inflation. What Happened: Cramer highlighted the escalating shipping costs due to the Red Sea crisis...

The U.S. has reclassified the Yemen-based Houthi rebels as terrorists following their second attack on an American-operated ship in the Red Sea. This move is expected to have a significant impact on global trade. What Happened: The U.S. has re-added the Houthi rebels to its list of terrorist...

In a bid to curb unauthorized access to its stores, retail giant Costco Wholesale Corporation (NASDAQ:COST) is implementing new measures, including a trial of a scanning system at store entrances. What Happened: Costco is taking action against non-members who have been using membership cards that...