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See Dubai flooding from space
  + stars: | 2024-04-22 | by ( Mary Gilbert | ) edition.cnn.com   time to read: +3 min
CNN —Unprecedented, torrential rainfall plunged parts of the United Arab Emirates underwater last week, bringing life to a standstill in Dubai and elsewhere. NASA NASA Images taken over the Jebel Ali area, located on the southern outskirts of Dubai, capture the area before and after historic flooding. The flooding shown is in the southernmost portion of Dubai, but the city’s highly urbanized central hub isn’t captured. The torrential rain was associated with a larger storm system last week traversing the Arabian Peninsula and moving across the Gulf of Oman. A warmer atmosphere is able to soak up more moisture like a towel and then ring it out in the form of torrential rainfall.
Persons: Abu Dhabi Organizations: CNN, United, United Arab Emirates, Dubai, UAE, NASA, United States Geological Survey, NASA NASA Locations: United Arab, Dubai, UAE, , Abu Dhabi, Jebel Ali, Gulf of Oman, Oman
Shadow War Between Iran and Israel: A Timeline
  + stars: | 2024-04-19 | by ( Cassandra Vinograd | ) www.nytimes.com   time to read: +1 min
For decades, Israel and Iran have fought a shadow war across the Middle East, trading attacks by land, sea, air and in cyberspace. A recent round of strikes — mainly an aerial barrage by Iran against Israel last weekend — has brought the conflict more clearly into the open and raised fears of a broader war. Iran hit back by attacking two bases in Iraq that housed American troops with a barrage of missiles, wounding about 100 U.S. military personnel. 2021-22: In July 2021, an oil tanker managed by an Israeli-owned shipping company was attacked off the coast of Oman, killing two crew members, according to the company and three Israeli officials. Two of the officials said that the attack appeared to have been carried out by Iranian drones.
Persons: , Israel, Maj, Qassim Suleimani Organizations: Israel, Islamic Revolutionary Guards Corps Locations: Israel, Iran, Syria, Lebanon, Qaim, Iraq, Gen, Baghdad, Israeli, Oman
Israel and Iran: All-out war, or measured retaliation?
  + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Atta Kenare | AFP | Getty Imageswatch nowBut a full-blown conventional war would be devastating to both sides and highly destabilizing for the Middle East. Are these tit-for-tat blows between Israel and Iran clear evidence of all-out war, or carefully calibrated retaliation strikes? "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," he told CNBC's "Capital Connection" Friday. 'Ball is back in Iran's court'Not everyone agrees that the line into wider war has been crossed, however. Within hours of the Israeli strikes, risk assets were already on their way back down, with international oil benchmark Brent crude turning lower for the session after a brief spike.
Persons: Atta Kenare, Benjamin Netanyahu, Joe Biden, Netanyahu, Ebrahim Raisi, Clay Seigle, CNBC's, Ehud Olmert, CNBC's Dan Murphy, Olmert, Ian Bremmer, Michael Singh, Israel, Rob Casey, Casey Organizations: AFP, Getty, Washington, Rapidan Energy Group, Israeli, Military, Israel, Eurasia Group, National Security Council, Wall Street, Signum Global Advisors, Anadolu, International Atomic Energy Agency, Brent Locations: Palestine Square, Tehran, Israel, Iran, U.S, Damascus, Gulf of Oman, Hormuz, Anadolu
CNN —Dubai International Airport, one of the world’s busiest aviation hubs, remained in disarray Thursday after unprecedented heavy rain led to airliners having to negotiate flooded runways. Delays and cancelations caused by the flooding have led to ongoing congestion at Dubai International Airport. The tarmac of Dubai International Airport was left submerged. Some residents were seen rowing canoes outside their homes, and one viral video on social media showed residents wake boarding on a flooded street in a residential area. Amr Alfiky/ReutersOther videos from social media showed water rushing through a major shopping mall and inundating the ground floor of homes.
Persons: Rula Rouhana, Mohit Mehta, , , ” Mehta, Amr Alfiky, Mister Funk, Christopher Pike, Madiha Khawaja, Khawaja, Sheikh Zayed, cleanups, Sheikh Mohamed bin Zayed Al, Nahyan Organizations: CNN — Dubai International Airport, Emirates, Flydubai, , , Dubai International Airport, Rula, Reuters, United Arab, Dubai International, CNN, UAE, “ Emirates, Bloomberg, Getty Images Municipal, Abu Dhabi . Schools Locations: United Arab Emirates, Dubai, Gurgaon, India, Amsterdam, UAE, Gulf of Oman, Oman, Iran, London, Sheikh, Sharjah, Abu Dhabi
An Iranian ship suspected of providing intelligence to the Houthis is sailing home. The MV Behshad spent several months near Yemen as the Houthis launched attacks. Shipping data shows its back near Iran as Tehran braces for a potential Israeli retaliation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The vessel has been at sea for nearly three years and spent several months earlier this year lingering near Yemen.
Persons: Behshad, Organizations: Shipping, Service, Business Locations: Yemen, Iran, Tehran, Israel, Gulf of Oman, Iran's, Hormuz
CNN —Iranian authorities have warned that crocodiles are being forced from their natural habitats as floods devastate parts of the country’s southeast. Three road construction workers have died in the flooding, Iranian state news agency IRNA reported on Thursday, which came after a record-breaking storm hit the Middle East. Videos broadcast by state news media IRNA and Tasnim showed widespread floods with people using boats to rescue others. The weather conditions were associated with a larger storm system traversing the Arabian Peninsula and moving across the Gulf of Oman. In Oman, at least 18 were killed in flash floods triggered by heavy rain, the country’s National Committee for Emergency Management said.
Persons: IRNA, Christopher Pike Organizations: CNN, Mehr, of Environment, Iranian, United Arab, UAE, Emergency Management Locations: Bandar Abbas, Kerman, Sistan, Baluchistan, Rivers, Bahu Kalat, Dubai, UAE, United Arab Emirates, Oman, Iran, Gulf of Oman
What is cloud seeding and does it work?
  + stars: | 2024-04-17 | by ( Mary Gilbert | ) edition.cnn.com   time to read: +5 min
Officials at the country’s National Center of Meteorology have been cited as saying the rain was not caused by cloud seeding. Here’s what to know about cloud seeding. What is cloud seeding? Cloud seeding is a weather modification concept that attempts to draw more rain or snow out of a cloud than would occur naturally. Does cloud seeding work?
Persons: hasn’t, ” Daniel Swain, ” Swain, Rachel Ramirez, Angela Fritz Organizations: CNN, United, National, of Meteorology, Aircraft, UCLA, National Academies of Sciences, United Arab Locations: Dubai, United Arab Emirates, UAE, China, Oman, Iran, Gulf of Oman
Cars are stuck on a flooded road after a rainstorm hit Dubai, United Arab Emirates on Wednesday. Large jets looked more like boats moving through the flooded airport as water sprayed in their wake and waves rippled through the deep water. Video shared on social media showed furniture flying off balconies. Images published in local media showed traffic gridlocked on Dubai’s Sheikh Zayed Road, a 16-lane thoroughfare. Other videos from social media showed water rushing through a major shopping mall and inundating the ground floor of homes.
Persons: UAE CNN —, Rula Rouhana, Ras, Dubai International Airport –, Dubai’s Sheikh, Stringer Organizations: UAE CNN, United, United Arab Emirates, United Nations, Emergency Management, Wednesday, Dubai International Airport, Emirates, Flydubai, Dubai International, AFP, Getty, Dubai Marina, Dubai Metro, Anadolu, National, of Meteorology Locations: Dubai, UAE, United Arab, Gulf of Oman, Oman, Iran, Ras Al, Khaimah, Pakistan, Iran’s, Chabahar, Sistan, Baluchestan, Emirates, Dubai’s, Business, Persian
CNN —A year’s worth of rain unleashed immense flash flooding in Dubai Tuesday as roads turned into rivers and rushing water inundated homes and businesses. Shocking video showed the tarmac of Dubai International Airport – recently crowned the second-busiest airport in the world – underwater as massive aircraft attempt to navigate floodwaters. A vehicle drives through deep floodwaters in Dubai, United Arab Emirates, Tuesday. Jon Gambrell/APDubai – like the rest of the United Arab Emirates – has a hot and dry climate. Cars drive through a flooded street in Dubai, United Arab Emirates, Tuesday.
Persons: Dubai International Airport –, Jon Gambrell, United Arab Emirates –, Abdel Hadi Ramahi Organizations: CNN, Dubai International Airport, , United Arab Emirates, United Nations, AP Dubai –, United Locations: Dubai, United Arab, Gulf of Oman, Oman, Iran
Before this weekend's tanker seizure, the last vessel Iran hijacked was the St. Nikolas on January 1. A Planet Labs satellite image of the location of the MSC Aries and other tankers recently hijacked by Iran. Planet Labs PBCAs the U.S. considers more sanctions against Iran in response to its recent attack on Israel, Iran has been using the hijacked ships as a means of sanctions retaliation. Iran chose to do this as a way to compensate for sanctions," Madani said. In a note to clients, ClearView highlighted that the House of Representatives added several Iran sanctions bills to its calendar for consideration this week, under suspension rules, including new sanctions on Iranian oil exports to China.
Persons: Nikolas, Houthis, Samir Madani, Eyal Ofer's, Madani, Janet Yellen, Helima Croft, Andy Lipow, Brent, Lipow, Kevin Book, Book Organizations: Anadolu, Getty, MSC Aries, U.S . Naval Forces Central Command, Galaxy Leader, MSC, Planet Labs, U.S . Energy Information Agency, United Arab, JPMorgan, CNBC, Lipow Oil Associates, ClearView Energy Partners, US, UN Locations: Gulf of Oman, Hormuz, Anadolu, Iran, Israel, Gaza, U.S, Iranian, Khuran, China, Russia, Malaysia, United Arab Emirates, Oman, Strait, Tehran, East, North Africa, India, Saudi Arabia, Kuwait, Iraq, France, Germany
Tehran has vowed a retaliatory strike after blaming Israel for an attack on an Iranian embassy building in Syria that killed 12 people, among them top military generals. Iran is a backer of Hamas, Hezbollah in Lebanon and the Houthi rebels in Yemen, but has so far stayed clear of direct involvement. On Friday, President Biden said that he expected Iran to launch a retaliatory attack “sooner than later,” and reiterated that the United States remained committed to the defense of Israel. It was not immediately clear if the seizure of the ship was part of Iran’s promised response to the attack in Syria, but it was not the first time Iran had directly seized a commercial vessel. Before the war in Gaza, the United States said that Iran had “harassed, attacked or interfered” with more than a dozen internationally flagged merchant ships in recent years.
Persons: Eyal Ofer, Israel, Israel Katz, Biden, , Iran’s Organizations: MSC, Zodiac Maritime, Zodiac Group, , Iran’s Locations: Israel, Tehran, Iranian, Syria, Gaza, Iran, Lebanon, Yemen, United States, Oman
Mediterranean Shipping Company (MSC) has confirmed the seizure, saying there are 25 crew on board. Portugal’s government said that it was in touch with the Iranian authorities. The Strait of Hormuz, at the northern end of the Gulf of Oman, is the biggest oil chokepoint in the world. The United Kingdom’s Foreign Secretary, David Cameron, wrote on social media platform X that he had spoken with Israeli war cabinet minister Benny Gantz. The two discussed their “shared concerns about Iranian threats to attack Israel,” Cameron wrote, adding that “further escalation in the region is in no-one’s interest and risks further loss of civilian life.”
Persons: CNN —, IRNA, , Eyal Ofer, Joe Biden, Daniel Hagari, Israel, David Cameron, Benny Gantz, ” Cameron, Organizations: CNN, CNN — Iran’s Revolutionary Guards, Iran’s Revolutionary Guard Corps, Navy, Zodiac, Mediterranean Shipping Company, United, Israel Defense Forces, United Kingdom’s Locations: Israeli, Hormuz, Iran, Syria, Portuguese, Gulf of Oman, Tehran, Iranian, United States, Damascus, Gaza, The Iran, Yemen, Red, Israel
Iran and the United States held secret, indirect talks in Oman in January, addressing the escalating threat posed to Red Sea shipping by the Houthis in Yemen, as well as the attacks on American bases by Iran-backed militias in Iraq, according to Iranian and U.S. officials familiar with the discussions. The secret talks were held on Jan. 10 in Muscat, the capital of Oman, with Omani officials shuffling messages back and forth between delegations of Iranians and Americans sitting in separate rooms. The meeting, first reported by The Financial Times this week, was the first time Iranian and American officials had held in-person negotiations — albeit indirectly — in nearly eight months. American officials said Iran requested the meeting in January and the Omanis strongly recommended that the United States accept. Since the beginning of the war in Gaza after Hamas’s Oct. 7 attacks on Israel, the United States and Iran have reassured each other that neither was seeking a direct confrontation, a stance conveyed in messages they passed through intermediaries.
Persons: Ali Bagheri Kani, Brett McGurk Organizations: The Financial Locations: Iran, United States, Oman, Yemen, Iraq, Muscat, Gaza, Israel
CNN —Warships from China, Russia and Iran have held live-fire exercises in a key Middle Eastern waterway this week as the three partners put on a show of force in the volatile region, according to reports in state-run media. China’s navy sent a guided-missile destroyer and guided-missile frigate to the exercises, Russia dispatched the cruiser Varyag from its Pacific Fleet, and Iran contributed a range of vessels, including frigates and fast-attack boats, according to state-run media. Scheduled to run through Friday, the exercises are in their sixth incarnation since 2018, Russian state news agency TASS reported. Iran is a key supporter of both Hamas in Gaza and the Houthi rebels. Iranian munitions, including its Shahed aerial drones, have also become an important part of Russia’s arsenal in its war on Ukraine.
Persons: Amrollah Nozari, Nozari, Iran’s Organizations: CNN, Chinese Defense Ministry, Fleet, Islamic Republic News Agency, Tasnim News Agency Locations: China, Russia, Iran, Gulf of Oman, Israel, Gaza, Gulf of Aden, Yemen, Tehran, Ukraine
CNN —A Marine rapid response force is expected to leave the eastern Mediterranean Sea in the coming weeks and return to the United States, according to two defense officials, in a significant reduction of US forces in the region. The Marine rapid response force first deployed in July and was sent to the region in October. It had previously been extended to remain in the eastern Mediterranean Sea, as CNN reported. The US has maintained an aircraft carrier or amphibious assault ship in the eastern Mediterranean Sea since shortly after the October 7 attacks in Israel. The Ford carrier strike group, which had been extended several times, left the eastern Mediterranean Sea in early-January, replaced by the Bataan amphibious ready group and the Marine rapid response force.
Persons: , hasn’t, , Sabrina Singh, Dwight D, Lloyd Austin, Gerald R Organizations: CNN, 26th Marine Expeditionary Unit, Pentagon, Marines, MEU, Eisenhower, Red Sea, Navy, Ford, US, Bataan Locations: United States, Bataan, Gaza, Israel, Lebanon, Iraq, Syria, Jordan, Red, Yemen, Gulf, Oman, Lebanese
Maxar Technologies Visual Investigations The $2.8 Billion Hole in U.S. Sanctions on Iran A Times investigation reveals how lax government oversight allowed shadowy oil tankers, covered by American insurance, to fund Iran’s regime. The American Club is one of only 12 major insurers of its kind, and the only one based in the United States. By then, the tankers had transported at least $2.8 billion in crude oil, based on the lowest reported prices of Iranian oil in 2023. The Treasury office has publicly enforced sanctions on the American Club only once in the past 20 years. Ultimately, the office said the American Club did “not appear to have been willful or reckless” and the case was settled.
Persons: Biden, , penna gabrielle toyomi, penna selene gabrielle, gabrielle, selene, lisa marianne selene, Samir Madani, Maggie Hassan, Daniel Tadros, , Mr, Tadros, Shipowners, ” Mr, Madani of TankerTrackers.com, David Tannenbaum Organizations: Maxar, Maxar Technologies, Sanctions, U.S, White, New York Times, Times, Treasury Department, American Club, Treasury, cathay kirin, Copernicus, Planet Labs, Star, American, The Times, Revolutionary Guards Corps, Anadolu Agency, Getty, Club’s, Hamas, Bloomberg, United Against Nuclear, Nuclear, Glory, United, National Iranian Tanker, Labs, Copernicus Sentinel, Club, International Maritime Organization, AIS, Spire Locations: Gulf of Oman, American, U.S, Iran, New York, New Hampshire, United States, Hong Kong, Kharg, Kpler, China, Israel, Yemen, United Against Nuclear Iran, Nuclear Iran, United Arab Emirates, Asaluyeh, Dubai, of Oman, Persian, Oman, Cuba, Sudan, MarineTraffic, SynMax, TankerTrackers.com
The Pakistani Foreign Affairs Ministry said that the country’s forces had conducted “precision military strikes” against what it called terrorist hide-outs in southeastern Iran. Iranian officials said that nine people had been killed, including four children, and Pakistani officials said the death toll of the Iranian strikes included at least two children. The official said that air force fighter jets and drones had been used in the Pakistani retaliatory strikes. In a statement, the Pakistani military called the two neighbors “brotherly countries” and said that “dialogue and cooperation is deemed prudent in resolving bilateral issues” between them. Pakistani military analysts were hopeful that this could pave the way for diplomatic dialogue between the two nations.
Persons: Islamic Republic “, , Ahmad Vahidi, Sohail Shahzad, Benjamin Netanyahu, , Syed Muhammad Ali, Waqar Hasan, Arash Khamooshi, Baluch, al, Vivian Nereim Organizations: Pakistani Foreign Affairs Ministry, Iran Exchange, Foreign Ministry, Islamic, Islamabad ”, Islamic Revolutionary Guard Corps, Iranian, Credit, Pakistan, The New York Times Pakistan, Guards Locations: Pakistan, Iran, Baluch, Iraq, Islamic Republic, Saravan, Tehran, Islamabad, Rask, Israel, Gaza, Balochistan Province, Yemen, Suez, United States, Pakistani, “ Pakistan, Baluchistan Province, Sistan, Persian, Oman, Riyadh, Saudi Arabia
The US and UK launched strikes against Houthi targets in Yemen last week. They cut off key supply lines from Iran to Yemen, Western officials told Bloomberg. AdvertisementThe US and UK air strikes have cut off key supply lines from Iran to the Houthis in Yemen, Bloomberg reported, citing Western officials. The report referred to the US and the UK strikes on January 9 and January 11. The US and its allies have been engaged in yearslong efforts to stop Iran from supplying weapons to Houthi fighters in Yemen .
Persons: , Diamond, CENTCOM, Iran hasn't, Mark Cancian Organizations: US, Bloomberg, Service, Western, Business, US Central Command, US Navy, US Marine, Center for Strategic, International Studies Locations: Yemen, Iran, Gulf of Oman
They were helping seize Iranian weapons being sent to the Houthis in Yemen, CENTCOM said. The US Navy and its allies have made attempts to shut down this flow of weapons in the past. Advertisement"One of the main problems with the Red Sea in the Gulf of Aden is the type of states that surround them — Ethiopia, Somalia, Yemen, and Sudan," Inglis told BI. Inglis predicts there will now be other such operations, with the US Navy targeting more vessels smuggling weapons. AdvertisementBut, he said, "Iran will continue sending weapons to them in the same way that the Soviet Union did to Cuba in the 1960s."
Persons: CENTCOM, , Michael Erik Kurilla, Mark Cancian, Richard Kouyoumdjian Inglis, Inglis Organizations: Navy, Service, US Central Command, US Marine, Center for Strategic, International Studies, US Navy, Chilean Naval Reserve, Middle East Institute Locations: Somalia, Yemen, Iran, Gulf of Oman, Gulf, Aden, Ethiopia, Sudan, Israel, Soviet Union, Cuba
New York CNN —US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. Oil prices rose sharply after US-led strikes on multiple Houthi targets in Yemen in response to repeated attacks on commercial shipping in the Red Sea. Another concern is that oil facilities in Saudi Arabia could get hit by a retaliatory strike from the Houthis. In 2019, roughly 5% of world oil supply was briefly knocked offline in a large-scale drone attack on Saudi oil facilities. Despite Friday’s gains, oil prices remain lower than where they were before the October 7 attacks by Hamas against Israel due to concerns about oversupply.
Persons: Brent, , , Robert Yawger, ” Yawger, John Kirby, CNN’s Becky Anderson, ” Kirby, ” Matt Smith, ” Helima Croft, Croft, ” Croft Organizations: New, New York CNN, Mizuho Securities, White House National Security Council, RBC Capital Markets, CIA Locations: New York, Yemen, East, Red, Iran, Saudi Arabia, Saudi, Gulf of Oman, Hormuz
The warning came as Yemen’s Houthis vowed retaliation, further raising the prospect of a wider conflict in a region already beset by Israel's war in Gaza. The U.S.-led bombardment came in response to a recent campaign of drone and missile attacks on commercial ships in the vital Red Sea. Since November, the rebels have repeatedly targeted ships in the Red Sea, saying they were avenging Israel's offensive in Gaza against Hamas. The Houthis’ military spokesman, Brig. Tesla, meanwhile, said it would temporarily halt most production at its German factory because of attacks in the Red Sea.
Persons: Joe Biden, Biden, , Yemen’s Houthis, , " Biden, Lloyd Austin, Donald Trump Lt, Douglas Sims, Yahya Saree, Nikolas, Iran’s, Hussein, George W, Bush, Friday's, Nasser Kanaani, Vassily Nebenzia, Linda Thomas, Ambassador Barbara Woodward, Thomas, Greenfield, ” ___ Gambrell, Ahmed Al, Haj, Bassem, Jill Lawless, Nasser Karimi, Fatima Hussein, Ellen Knickmeyer, Chris Megerian, Seung Min Kim, Edith M, Lederer Organizations: WASHINGTON, Britain, Associated Press, U.S . Central Command, Navy, White, Camp, U.S . Navy, Republicans, Pentagon, Joint Chiefs of Staff, . Air Forces Central Command, Tomahawk, Foreign Ministry, Brent, Food, U.S, U.S ., United Arab Emirates, . Security, Ambassador, United Nations Locations: Yemen, U.S, Sanaa, Iran, Aden, Gaza . U.S, Houthi, Gen, Red, Gaza, Israel, Saudi Arabia, Saudi, United Kingdom, Bani, Abbs, Gulf of Oman, Tehran, Washington, Suez, America, Britain, Houthis, Greenfield, U.K, Dubai, United Arab Emirates, Beirut, London, Emmaus , Pennsylvania
Iran seizes oil tanker in the Gulf of Oman
  + stars: | 2024-01-11 | by ( Mostafa Salem | Adam Pourahmadi | ) edition.cnn.com   time to read: +3 min
Abu Dhabi CNN —Iran has seized an oil tanker in the Gulf of Oman and is transferring it to an Iranian port in retaliation for the United States confiscating the same vessel and its oil last year, Tasnim News Agency reported Thursday. The Strait of Hormuz at the northern end of the Gulf of Oman is the biggest oil chokepoint in the world. A maritime monitoring website, Tanker Trackers, said the vessel seized Thursday was a Marshall Islands-flagged crude oil tanker named St Nikolas, formerly known as the Suez Rajan. Almost 1 million barrels of Iranian crude oil were seized by the US government at the time, the DOJ said. The Suez Rajan transported the contraband to the United States and “incurred the significant expenses associated with the vessel’s voyage to the United States,” according to the DOJ.
Persons: St Nicholas, , UKMTO, Nikolas, Suez Rajan, Organizations: Abu Dhabi CNN, Tasnim News Agency, Islamic Revolutionary Guard Corps, Navy, United Nations, CNN, United Kingdom Maritime Trade Operations, ship’s Company, Oil, Tanker, US Department of Justice, DOJ, Emergency Economic, Navigation Locations: Abu Dhabi, Iran, Gulf of Oman, Iranian, United States, Oman, Islamic Republic, Gulf, Yemen, Gaza, Africa, Israel, Hormuz, Marshall, Suez, China
Oil prices rise after Iran seizes oil tanker
  + stars: | 2024-01-11 | by ( ) www.cnbc.com   time to read: +1 min
The sun sets beyond an oil pumping unit, also known as a "nodding donkey" or pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Oil prices rose nearly 1% on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East. Iran seized a tanker with Iraqi crude destined for Turkey in retaliation for the confiscation last year of the same vessel and its oil by the U.S. The seizure of the Marshall Islands-flagged St Nikolas coincides with weeks of attacks by Yemen's Iran-backed Houthi militias targeting Red Sea shipping routes. Yemen-based Houthis this week mounted their largest attack yet on commercial shipping lanes in the Red Sea.
Persons: OAO, Brent, Nikolas, Abdel, Malek Organizations: The West Texas Intermediate, U.S, Marshall, Yemen's, Red, . Security Locations: Almetyevsk, Russia, Iran, Oman, The, China, Turkey, Yemen's Iran, Yemen, Red, The U.S, U.S
How the Red Sea crisis could clobber the global economy
  + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +9 min
The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.
Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, , ” It’s, Abercrombie &, Nathan Howard, , ” Philip Damas, , Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, , China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey
The Malta-flagged container ship attacked in November is managed by Singapore-based Eastern Pacific Shipping (EPS), which is in turn controlled by Israeli billionaire Idan Ofer. The same image can be seen in a Reuters report (photograph 8/19) (archived) about the incident dated Jun. Another photo of the ship on fire, captured from a different angle, was also published by Reuters (archived) in 2019. At the time, the U.S. blamed the incident (archived) and an explosion aboard a second tanker in the Gulf of Oman on Iran, which denied the allegations. The ship image dates to 2019 and is unrelated to the Nov. 24, 2023, attack on the Mayet.
Persons: Idan Ofer, Read Organizations: Eastern Pacific Shipping, CMA, Reuters, U.S, Galaxy Leader, Facebook, Twitter, Iranian Students ’ News Agency, Thomson Locations: Norwegian, Gulf of Oman, Malta, Singapore, Iranian, Israel, Red, ISRAELI, U.S, Iran
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