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The USS Dwight D. Eisenhower is the flagship of the strike group handling the US Navy response to the Houthis. AdvertisementThe Wi-Fi aboard the aircraft carrier USS Dwight D. Eisenhower isn't exactly the best, but for Capt. AdvertisementThe efforts to keep morale up come as the Dwight D. Eisenhower carrier strike group confronts a variety of threats, including some no one has ever faced in combat before, in a kinetic weapons-engagement environment. Captaining a flagship carrier in this situation is no easy task, but Hill has a lot of Navy experience to lean on. Among other things, he has served as the executive and commanding officer of an airborne command & control squadron, a TOPGUN instructor, the executive officer of the aircraft carrier George H.W.
Persons: Dwight D, Eisenhower, Chris Hill, , Hill, Ike, George H.W, George H.W . Bush, Joe Boggio, We’ve, , San, John Bellino Hill Organizations: Service, Tuesday, Business, Navy, US European Command, US Navy, US, Eisenhower, Taco, Legion, Islamic Locations: Red, Iran, Yemen, Massachusetts, Suez, East, George H.W ., Gulf of Aden, @ChowdahHill, San Antonio, Arlington, Afghanistan, Islamic State
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 30-stock Dow fell 0.17%. Palo Alto Networks dipsShares of Palo Alto Networks fell 19% in extended trading, after the cybersecurity company lowered its full-year outlook. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.
Persons: Jerome Powell, Dow, Nikesh Arora, Amazon's Dow, Yemen's Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nvidia, Nasdaq, Palo, Palo Alto Networks, Walgreens, Dow Industrial, Dow Jones Indices Locations: New York City, U.S, Red, Rafah
That could double central bank's gold purchases, challenging jewelry consumption as the largest driver of gold demand, Doshi elaborated. China and Russian central banks are leading gold purchases, with India, Turkey, and Brazil, also increasing bullion buying. The world's central banks have sustained two successive years of more than 1,000 tons of net gold purchases, the World Gold Council reported in January. Another wildcard scenario highlighted in Citi's report was for oil prices to hit triple digits again. Stock Chart Icon Stock chart icon Oil prices in the past one year
Persons: Doshi, Stagflation Organizations: Citi, CNBC, Central, U.S ., Gold, U.S . Federal Reserves, Co, Bloomberg, Getty Locations: Citi's North America, China, Russian, India, Turkey, Brazil, U.S, Bangkok, Thailand, Israel, Yemen, Iraq, OPEC
CNN —Initial indications are that a US MQ-9 Reaper drone that crashed near Hodeidah in Yemen early Monday morning was shot down by a Houthi surface-to-air missile, a US official said Tuesday. Previously, officials said it was unclear if the drone had been shot down or simply crashed. The Houthis also shot down a MQ-9 — which is an unmanned drone typically used for intelligence collection — in November off the coast of Yemen. The US-owned, Marshall Islands-flagged M/V Navis Fortuna, a bulk carrier, was struck Monday evening by a one-way attack drone, which resulted in minor damage but no injuries. At 8:15 p.m. Monday evening, the US destroyed a one-way attack drone in western Yemen preparing to launch against ships in the Red Sea.
Persons: Navis, Fortuna, Matthew Miller, , ” Miller, CENTCOM Organizations: CNN, Marshall, US, US Navy Locations: Hodeidah, Yemen, Iran, US, Gulf, Aden, Marshall Islands, British, , Belize, Red, Gulf of Aden, Israel, Gaza
AdvertisementFlight operations aboard the USS Dwight D. Eisenhower are chaotic to watch, with sailors and aircraft constantly in motion. That flurry of activity though allows the warship to put a tremendous amount of combat power in the air, including heavily armed jets that are ready to strike at a moment's notice. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Dwight D, Eisenhower, Houthis Organizations: Nimitz, Business Locations: Red, Iran, Yemen
The Houthi rebels shot down an American MQ-9 Reaper drone off the coast of Yemen on Monday, two US officials confirmed to Business Insider. A Pentagon spokesperson said the rebels used a surface-to-air missile to take down the drone, which has not yet been recovered by the US. Photo by Houthi Movement via Getty ImagesThe incident comes less than three months after the Houthis shot down an American Reaper drone off the coast of Yemen as the aircraft was flying through international airspace. These capabilities make the Reaper useful in the US efforts to stop Houthi missiles before they fire at international shipping. Photo by Houthi Movement via Getty ImagesThe downed Reaper drone was not the only escalatory move by the Houthis over the past two days.
Persons: , It's, CENTCOM Organizations: Service, Business, Pentagon, US, Houthi, Getty, Hellfire, US Central Command Locations: Yemen, Iran, Gulf of Aden, Alhudaydah province, Russian, Europe
Houthi military spokesman Yahya Saree claimed the group's responsibility for the attack, calling it their most severe yet. The group claim to support Palestinian civilians amid Israel's retaliatory military campaign in the Gaza Strip. Simultaneously, fighting is raging between Israel and Hamas in the Gaza Strip with no sign of abating despite diplomatic efforts by a number of countries. INTERNATIONAL WATERS RED SEA, YEMEN - NOVEMBER 20: This handout screen grab captured from a video shows Yemen's Houthi fighters' takeover of the Galaxy Leader Cargo in the Red Sea coast off Hudaydah, on November 20, 2023 in the Red Sea, Yemen. EU foreign ministers called in a joint statement for an immediate humanitarian pause that would lead to a lasting cease-fire.
Persons: Mohammed Huwais, Yemen's, Yahya Saree, Saree, Charles Myers, CNBC's, Myers, Hungary —, Israel's, Benjamin Netanyahu, Israel, hasn't, Mohammed Abed Organizations: Hamas, Afp, Getty, U.S . Central Command, Global Advisors, SEA, Galaxy Leader Cargo, Handout, Security, Palestinian Locations: Israel, Sanaa, Gaza, Red, Belize, Gulf, Aden, Iranian, Yemen, U.S, Gulf Aden, Rafah, Gaza's, YEMEN, Red Sea, Lebanon, Iran, Beirut, Hungary
The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in the latest escalation of maritime tensions that have disrupted key trade routes in the Red Sea. Houthi militants later claimed the attack, with spokesperson Yahya Sare'e identifying the vessel as general cargo ship Rubymar and describing it as British. "The ship suffered catastrophic damage and came to a complete halt," Houthi Spokesperson Sare'e said. The hostilities have also prompted armed exchanges between Houthis and British and American forces, which have previously struck at Yemeni targets in a bid to improve maritime security. Sare'e said that the Houthis on Sunday also shot down a U.S. drone in Hodeidah.
Persons: Yahya Sare'e, Sare'e, Ice Brent, Nymex WTI Organizations: Maritime Trade Operations, CNBC, Global, Djiboutian Navy, Hamas, Maersk, Ice, U.S . Central Command, U.S . Navy, Ambrey Analytics Locations: Iran, Yemen, Red, Belize, British, U.S, Saudi, Khair, Varna, Bulgaria, Gulf, Aden, London, Gaza, Danish, Good Hope, Houthis, ., Houthi, Greece, Yemen's
Oil down in thin trade as U.S. gears up for Presidents' Day
  + stars: | 2024-02-19 | by ( ) www.cnbc.com   time to read: +2 min
A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT. Markets are yet to see the direction of demand from China after that country returns from a week-long Lunar New Year holiday, while Presidents' Day in the United States is set to keep trade relatively muted. Higher rates keep up the cost of buying oil, providing for a bearish market trend.
Persons: Brent, Alexei Navalny, Vladimir Putin's Organizations: del, del Peru SA Talara, U.S . Federal, . West Texas, Yemen's, of, Petroleum, ANZ Research, International Energy Agency, ANZ, United Nations Security Council Locations: del Peru, Piura, Peru, U.S, United States, China, Gaza, Yemen's Iran, India, Algerian, Israel, Europe, Russia, Ukrainian, Avdiivka, Moscow
Read preview"Hostile elements" tried to seize control of the communication network of an El Al plane flying from Thailand to Israel over the weekend, The Jerusalem Post reported. This story is available exclusively to Business Insider subscribers. The Post reported that this was the second time in a week that such an incident occurred to an El Al flight. In a statement provided to Kan, El Al said that the disruptions were not aimed solely at its planes. The airline did not respond to a request for comment by Business Insider.
Persons: , Kan, El Al Organizations: Service, Jerusalem Post, Ben Gurion, Business, El, Horn Observer Locations: El, Thailand, Israel, Jerusalem, Phuket, Tel Aviv, Iran, Yemen, Red, Gaza, Somaliland, Somalia, Mogadishu
Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Gold prices rose to a nearly one-week high on Monday as a slight pullback in the U.S. dollar and escalating tensions in the Middle East lifted bullion's safe-haven appeal. Spot gold was up 0.3% at $2,019.99 per ounce, as of 0530 GMT, hitting its highest since Feb. 13. U.S. gold futures rose 0.4% to $2,031.50 per ounce. Spot platinum dipped 0.3% to $903.04, palladium rose 0.7% to $956.66, while silver fell 1.2% to $23.12 per ounce.
Persons: Yeap Jun Rong, Wang Tao, Jun Rong, Raphael Bostic Organizations: U.S ., Maritime Trade Operations, Market, Fed Bank of Atlanta, CME Locations: Mandab, Yemen, China
The Red Sea conflict is one of the largest battle the US Navy has ever fought. "I think you'd have to go back to World War II," Vice Adm. Brad Cooper told 60 Minutes. AdvertisementA US Navy admiral says the conflict against the Houthis in the Red Sea is one of the largest naval battles the US has fought in decades. Cooper told 60 Minutes that it is "crystal clear" that the Houthis couldn't have mounted these attacks without Iranian support. And every single day they attempt to attack us, we're eliminating and disrupting them in ways that are meaningful," Cooper told O'Donnell.
Persons: Brad Cooper, , Norah O'Donnell, we're, Cooper, They've, They're, O'Donnell Organizations: US Navy, Navy, Service, US Central Command, Houthi, US Coast Guard, US Locations: Iranian, Israel, Yemen, Iran
Houthi fighters have deployed underwater drones in the Red Sea, the Defense Department said. Underwater drones are an "extremely lethal" threat to the US Navy, an admiral told the AP. The US launched five "self-defense" strikes on Houthi positions on Saturday, the DoD said. AdvertisementThe US Defense Department said American forces in the Red Sea for the first time spotted and struck an underwater drone deployed by Houthi fighters on Saturday. CENTCOM, the central command for the US Department of Defense, said the United States launched "self-defense" strikes on Saturday against "three mobile anti-ship cruise missiles, one unmanned underwater vessel (UUV), and one unmanned surface vessel (USV)" in Houthi-controlled areas of Yemen and the Red Sea.
Persons: Organizations: Defense Department, US Navy, AP, US, DoD, Service, US Defense Department, Houthi, US Department of Defense, Business Locations: Red, United States, Houthi, Yemen
The United States struck five Houthi military targets, including an undersea drone, in Houthi-controlled areas of Yemen on Saturday, the U.S. military announced on Sunday. The use of the underwater drone is believed to have been the first time that Iran-backed Houthis had employed such a weapon since they began their campaign against ships in the Red Sea and Gulf of Aden on Oct. 23, the military’s Central Command said in a statement. American military officials provided few details of what they called an “unmanned underwater vessel,” but the Houthis have received much of their drone and missile technology from Iran. In addition to the underwater drone, the Houthis were also using a remotely piloted boat, the statement said. The U.S. struck both the surface drone and the submarine drone and launched other strikes against anti-ship missiles, the military said in its statement, but provided no precise details on the location.
Persons: Houthis Organizations: U.S ., military’s, Command Locations: States, Houthi, Yemen, Iran, Gulf of Aden, U.S
(Reuters) - Iran unveiled new weaponry on Saturday including what it said was the locally made Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, the official IRNA news agency reported. Gaza has been under military assault by Israel since Hamas's attacks on Israel's south on Oct. 7. Israel has also struck Iranian targets in Syria. "With the entry of new systems into the country's defense network, the air defense capability of the Islamic Republic of Iran will increase significantly," IRNA said. In June Iran presented what officials described as its first domestically made hypersonic ballistic missile, named Fattah, with a range of 1,400 km.
Persons: Arman, General Mohammad Reza Ashtiani, IRNA, Jan Harvey Organizations: Reuters, Yemen’s, Israel, Iranian Defense Locations: Iran, Yemen’s Iran, U.S, Red, Gaza, Israel, Yemen, Iraq, Syria, Islamic Republic of Iran
Yemen's Houthis say they targeted oil tanker Pollux
  + stars: | 2024-02-17 | by ( ) www.cnbc.com   time to read: 1 min
Yemen's Iran-aligned Houthis said on Saturday that they had fired missiles at oil tanker Pollux, which U.S. officials said the previous day had been hit by a missile. The U.S. State Department said on Friday that the Pollux, a Panamanian-flagged tanker carrying crude oil bound for India, was hit by a missile on its port side. "The naval forces of the Yemeni Armed Forces carried out a targeting operation against a British oil ship (Pollux) in the Red Sea with a large number of appropriate naval missiles, and the strikes were accurate and direct", the Houthis' military spokesperson, Yahya Sarea, said in a statement. The Houthis have launched repeated drone and missile attacks against international commercial shipping in the Red Sea and the Bab al-Mandab Strait since mid-November, saying they are acting in solidarity with Palestinians as Israel wages war on Hamas.
Persons: Houthis, Yahya Sarea Organizations: U.S . State Department, Yemeni Armed Forces Locations: Iran, Panamanian, India, Mandab, Israel
(Reuters) - U.S. forces conducted two strikes against a mobile anti-ship cruise missile and a mobile unmanned surface vessel (USV) launched from Houthi-controlled areas of Yemen, the U.S. Central Command (CENTCOM) said on Saturday. Four anti-ship ballistic missiles were launched from Houthi-held areas over the Red Sea towards commercial ship MT Pollux between Friday at 1:15 p.m. local time and 1 a.m. on Saturday, CENTCOM said in a post on X. It added that there were no reported injuries or damage to the MT Pollux or any other vessel in the areas. War in Israel and Gaza View All 209 Images(Reporting by Surbhi Misra in Bengaluru; editing by Mark Heinrich)
Persons: CENTCOM, Surbhi Misra, Mark Heinrich Organizations: Reuters, U.S . Central Command, Houthi Locations: Yemen, Red, Israel, Gaza, Bengaluru
Read previewUS Navy warships off the coast of Yemen have been battling Houthi anti-ship ballistic missiles, a dangerous weapon that no military has ever faced in combat until very recently. The Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden last month. Over the past two months, US warships operating in the region have shot down a handful of anti-ship ballistic missiles — most recently in early February. US Central Command, or CENTCOM, called attention to the use of anti-ship ballistic missiles but has not specifically identified which missiles have been used in any of the attacks. Screengrab via US NavyExperts say the Houthis' anti-ship ballistic missiles don't quite stack up against China's arsenal, which is much more sophisticated, particularly in terms of guidance technology, and is increasingly expanding.
Persons: , Houthi, Joe Biden, Marlin Luanda, Arleigh Burke, Brian Sanchez, we've, Jake Epstein, Sanchez, They've, Dwight D, Eisenhower, Marc Miguez, he's, it's, Ike, Long, Carney, that's Organizations: Service, Navy, Business, Marshall, Central Command, Navy's Carrier Strike, International Institute for Strategic Studies, US Central Command, US Navy Experts, Rocket Force, Carrier Strike Group Locations: Yemen, China, Western, Iran, Gulf of Aden, Bermuda, Gulf, Aden, Tehran, Pacific, Washington, Beijing, Screengrab, East, Western Pacific
Read previewUS Navy warships off the coast of Yemen have been battling Houthi anti-ship ballistic missiles, a dangerous weapon that no military has ever faced in combat until very recently. The Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden last month. Over the past two months, US warships operating in the region have shot down a handful of anti-ship ballistic missiles — most recently in early February. Advertisement"Now that we're out here, this is what we've trained to do," he said in an interview with Business Insider. US Central Command, or CENTCOM, called attention to the use of anti-ship ballistic missiles but has not specifically identified which missiles have been used in any of the attacks.
Persons: , Houthi, Joe Biden, Marlin Luanda, Arleigh Burke, Brian Sanchez, we've, Jake Epstein, Sanchez, They've, Dwight D, Eisenhower, Marc Miguez, he's, it's, Ike, Long, Carney, that's Organizations: Service, Navy, Business, Marshall, Central Command, Navy's Carrier Strike, International Institute for Strategic Studies, US Central Command, US Navy Experts, Rocket Force, Carrier Strike Group Locations: Yemen, China, Western, Iran, Gulf of Aden, Bermuda, Gulf, Aden, Tehran, Pacific, Washington, Beijing, Screengrab, East, Western Pacific
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
Oil prices spiked last month following US-led strikes on Houthi targets in Yemen in response to repeated attacks on commercial ships in the Red Sea. One factor that could be keeping the cap on oil prices is waning demand. “Global oil demand growth is losing momentum,” said the agency in its February report. While global oil demand growth is slowing, supply has stayed relatively strong, potentially putting further downward pressure on oil prices. “Higher global oil supply this year, led by the United States, Brazil, Guyana and Canada, should more than eclipse the expected rise in world oil demand,” said the report.
Persons: Bell, , Donald Trump, Matt Egan, , Trump, Jay Ritter, Read, Anna Bahney, Freddie Mac, Sam Khater, Freddie Mac’s, Khater, Bob Broeksmit Organizations: CNN Business, Bell, New, New York CNN, West Texas, Brent, International Energy Agency, , shuttering, Federal, US, United Arab Emirates, White, Wall, Trump, Truth Social, Trump Media & Technology Group, Securities and Exchange, Trump Media, SEC, University of Florida, Mortgage Bankers Association Locations: New York, Russia, Ukraine, Yemen, Red, United Kingdom, Japan, Germany, Iraq, United States, Brazil, Guyana, Canada
US Navy ships have spent months shooting down Houthi missiles and drones off the coast of Yemen. This simulated scenario that Business Insider observed firsthand offers a glimpse into what sailors aboard the American warship USS Gravely have been facing. AdvertisementSailors work in the combat information center on the USS Gravely. AdvertisementThe combat information center aboard the USS Gravely. AdvertisementThe guided-missile destroyer USS Gravely launches Tomahawk Land Attack Missiles in response to increased Iranian-backed Houthi malign behavior in the Red Sea Jan. 12, 2024.
Persons: , Dwight D, Jake Epstein, LTJG James Rodney, Rodney, Arleigh Burke, Jonathan Word, GM2 Joselyn Martinez, Martinez Organizations: Navy, Sailors, Business, Service, Eisenhower Carrier Strike, Business Insider US Navy, US Navy, Interceptor Locations: Yemen, Iran, Red
The State Department on Friday designated the Houthis as a terrorist organization, following through on a mid-January warning to crack down on the Yemen-based militant group. The action officially labels the Houthis as a Specially Designated Global Terrorist group, a step that gives the United States new powers to crack down on the Iran-backed Houthis’ access to the global financial system. It restores a designation given to the group late in the Trump administration, which Secretary of State Antony J. Blinken reversed soon after taking office in 2021, partly to facilitate peace talks for Yemen’s civil war. Last month, Mr. Blinken announced the State Department’s intent to return the Houthis to its terrorism list, but delayed the action for 30 days. Some aid groups have warned that their work will inevitably be constrained in a country with dire humanitarian needs.
Persons: Trump, Antony J, Blinken Organizations: State Department, United Locations: Yemen, United States, Iran, Houthi
The US Coast Guard said it seized over 200 packages of weapons meant for Houthi rebels in Yemen. Ballistic missile components originating from Iran were found on a vessel in the Arabian Sea. AdvertisementOver 200 packages of illegal weapons and military components bound for Yemen have been seized by the US Coast Guard, the US Central Command said in a statement on Thursday. The shipment was seized from a vessel in the Arabian Sea on January 28, per the statement. The US Central Command said the weapons had originated in Iran and were en-route to be delivered to Houthi rebels in Yemen.
Persons: Organizations: US Coast Guard, Service, US Central Command Locations: Yemen, Iran, Sea, Israel
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Organizations: U.S . News, U.S News
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