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CNN —Pakistan on Tuesday strongly condemned an Iranian airstrike inside its borders that killed two children, calling it an “unprovoked violation of its airspace” and warning of retaliation. In a statement on Telegram, the militants said two small children were killed in the attack, while two women and a teenage girl were seriously injured. Last month, Iran accused Jaish al-Adl militants of storming a police station in the Iranian province of Sistan and Baluchistan, which resulted in the deaths of 11 Iranian police officers, according to Tasnim. Jaish al-Adl, or Army of Justice, is a separatist militant group that operates on both sides of the border and has previously claimed responsibility for attacks against Iranian targets. Iraqi Foreign Minister Fuad Hussein said there are no Mossad-affiliated centers operating in Erbil in the semi-autonomous Kurdistan region.
Persons: , Iran’s, Jaish al, Jaish, Fuad Hussein Organizations: CNN, Adl, Ministry, Iran’s Foreign Ministry, Guards, Justice, Iran’s Revolutionary Guards, United Nations, UN Security Council, UN, Iraqi Locations: Pakistan, Iran, Pakistan’s, Balochistan, Iraq, Syria, Gaza, Tehran, Iranian, Sistan, Baluchistan, Erbil, United States, Kurdistan
Speaking to CNBC at the World Economic Forum in Davos on Tuesday night, Iranian Foreign Minister Hossein Amirabdollahian defended his country's actions. watch nowTehran also hit what it said were Islamic State targets in northern Syria in tandem with its strikes on Iraq. In response to the Red Sea attacks, the U.S. and U.K. governments last week began launching missile strikes against Houthi positions in Yemen. While the U.S. has hit Iranian proxies in Syria and Iraq since the Gaza war began, the missile strikes marked the first U.S. attack on the Yemeni group. Iran's foreign minister told CNBC on Tuesday that the Houthis "are not receiving any orders or instructions from us."
Persons: Pakistan —, Masrour Barzani, Hossein Amirabdollahian, Ebrahim Raisi, Israel —, Umar Karim, Iran — Organizations: United Arab Emirates, . Security, CNBC, Economic, Iranian, Islamic, Sepah, Anadolu Agency, Getty, King Faisal Center for Research, Islamic Studies, Middle, Iran Yemen's Locations: DUBAI, United Arab, Iran, Iraq, Syria, Pakistan, Israel, Gaza, Baghdad, Kurdistan, Tehran, Israeli, U.S, Erbil, Iraqi Kurdish, Davos, Islamic State, Balochistan, Israel — Tehran, Lebanon, Hamas, Yemen, Red
BAGHDAD (Reuters) - Iraqi Kurdish Prime Minister Masrour Barzani cancelled a meeting with Iran's foreign minister at the World Economic Forum at Davos in Switzerland in protest over Iranian missile strikes on the Iraqi Kurdish city of Erbil, a source said on Wednesday. Iran late on Monday struck Erbil, the capital of Iraq's semi-autonomous Kurdistan region, with ballistic missiles in what it said was an attack on an Israeli spy headquarters, claims vehemently denied by Iraqi and Iraqi Kurdish officials. The attack killed at least four people, including a prominent Kurdish businessman and his infant child. The Iranian strikes have led to a rare diplomatic row with Iraq's government, with Baghdad filing a complaint against Iranian "aggression" at the United Nations Security Council and recalling its ambassador to Tehran. Iraqi Prime Minister Mohammed Shia al-Sudani, a Shi'ite, was brought to power with the backing of some pro-Iranian factions, but has been keen to show his government opposes any infringement on Iraq's sovereignty.
Persons: Masrour Barzani, Saddam Hussein, Mohammed Shia, Maha El, Timour Azhari, Andrew Heavens, Sharon Singleton Organizations: Iranian, Monday, United Nations Security Council, . Locations: BAGHDAD, Kurdish, Davos, Switzerland, Iraqi Kurdish, Erbil, Iran, Iraq's, Kurdistan, Iraqi, Baghdad, Tehran, Iraq, U.S, . Iraqi
The SEALs found cruise and ballistic missile components, including propulsion and guidance devices, as well as warheads, Central Command said. Iran has an anti-ship missile called the Ghadir. The U.S. Navy ultimately sank the ship carrying the weapons after deeming it unsafe, Central Command said. However, Iran's Supreme Leader Ayatollah Ali Khamenei praised the Houthis' attacks. Since November, the Houthis have repeatedly targeted ships in the Red Sea, saying they were avenging Israel’s offensive in Gaza against Hamas.
Persons: Houthis, Jake Sullivan, Yahya Saree, Zografia, Yemen’s, USS Lewis B, Puller, Fabian Hinz, Hinz, Ayatollah Ali Khamenei, Elena Becatoros, Tara Copp, Aamer, Baldor Organizations: JERUSALEM, U.S, Greek Shipping, Ministry, U.S . Central Command, U.S . Navy, House, SEAL, USS, U.S . military's, Command, Central Command, International Institute for Strategic Studies, United Nations, Iran's, United, Associated Press Locations: U.S, Yemen, Malta, Red, Suez, Iran, Iraq, Syria, Lebanon, Israel, Egypt, Iranian, Gulf of Aden, Gaza, United Nations, Tehran, Gibraltar, Gulf, Aden, Athens, Greece, Washington
The move comes as the Houthis have launched dozens of attacks on commercial vessels in the Red Sea. In its waning days, the Trump administration designated the Houthis a foreign terrorist organization over the strong objections of human rights and humanitarian aid groups. Yemen, on the tip of the Arabian Peninsula bordering the Red Sea, is the poorest country in the Arab world. While supporters of broad sanctions argue it’s possible to shape any enforcement mechanisms so to exempt food and humanitarian aid, aid organizations worry that fears of running afoul of U.S. regulation could scare away shippers, banks and other players vital to Yemen’s commercial food supply. The Red Sea attacks have already caused significant disruptions to global trade.
Persons: , Biden, Antony Blinken, Trump, Blinken, , Scott Paul, , Yemen’s Houthi, Jake Sullivan, Linda Thomas Greenfield, Brent, Houthis, Sullivan, Joe Biden's, ” Sullivan, Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Al Thani, Mohammed Shia, Masrour Barzani, Jon Gambrell, Edith M, Lederer, Ellen Knickmeyer Organizations: WASHINGTON, White, U.S, Nations, Oxfam America, White House, House, Economic, British, United Nations, Consulate, Islamic, Tuesday, ___ Associated Press Locations: Yemen, Red, Gaza, Israel, Yemenis, U.S, Davos, Switzerland, Iran, Malta, Tehran, Lebanon, Syria, Iraq, Sheikh Mohammed bin Abdulrahman Al, Qatar, Kurdish, House, Irbil, ___, Jerusalem, Washington
Is the third world war possible? Putin’s war was less than a year old when Zelensky last spoke at Davos via a video link in January 2023. Zelensky said the West's fears that supplying weapons would escalate the war cost Ukraine time, lives and opportunities. Speaking at Davos shortly before Zelensky, NATO Secretary-General Jens Stoltenberg said only continued support for Ukraine would make Putin to relent. “And the paradox is that, if we want that to happen… the way to get there is [to send] more weapons to Ukraine.
Persons: Volodymyr Zelensky, Zelensky, , Putin, ” Zelensky, Valery Zaluzhny, Ukraine’s, Ursula von der Leyen, Von der Leyen, ” Von der Leyen, Ursula Von der Leyen, Gian Ehrenzeller, , , Fabrice Coffrini, Jens Stoltenberg, ” Stoltenberg Organizations: CNN, Economic, Hamas, , Getty, NATO Locations: Davos, Switzerland, Ukraine, Russia, Kherson, Kharkiv, Kyiv, Pyongyang, Tehran, AFP
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe two Navy SEALs who went missing off the coast of Somalia last week were conducting an operation to find smuggled Iranian weapons when the incident occurred, according to a report. US Central Command, or CENTCOM, said the pair were reported missing at sea on Thursday evening while "conducting operations" near Somalia and that a search-and-rescue mission was underway. White House National Security Council spokesperson John Kirby appeared to confirm on Sunday that the SEALs were involved in an operation of this type when they went missing last week. The Gulf of Aden, where the SEALs went missing, has warm but powerful waters.
Persons: , CENTCOM, John Kirby, we've, Kirby Organizations: Service, Navy, Business, US Central Command, 5th Fleet, Washington Post, White, National Security, CBS Locations: Somalia, Strait of Hormuz, Yemen, Aden, Iran, Tehran, Gulf
ISIS claimed responsibility for the deadly twin blasts near Soleimani’s burial site, in what was the deadliest attack in Iran since its 1979 revolution. Authorities and others gather near the site where missiles hit near the US consulate in Erbil, Iraq, on January 15, 2024. Rudaw TV/AP“Iran is claiming this is in response to the terrorist attacks in Kerman, Iran, and Rask, Iran, with a focus on ISIS. US troops in Iraq and Syria have repeatedly come under rocket and drone attacks from Tehran’s proxies. Last week, a senior Hezbollah commander was killed in an Israeli drone strike on his car in southern Lebanon, a Lebanese security source told CNN.
Persons: CNN —, Qasem Soleimani, , , Masrour Barzani, ” Barzani, , Washington, Hassan Nasrallah, Wissam Tawil, Saleh Al Organizations: CNN, CNN — Iran’s, Guards, Monday, Iranian Revolutionary Guard, Islamic Revolutionary Guard Corps, Security, Quds Force, ISIS, Authorities, Rudaw, AP, US State Department, Erbil, New, Iran’s Revolutionary Guard Corps, of Health, United Nations ’, Israel, US, Sunday Locations: Iraq, Iran, Syria, United States, Israel, Erbil, Kurdistan, Kurdistan Region, , Kerman, Rask, Gaza, South Africa, Red, Houthi, Yemen, Baghdad, Lebanon, Lebanese, Beirut
A deadly Iranian ballistic missile strike in northern Iraq on Tuesday drove a wedge — at least temporarily — between Baghdad and Tehran, adding to the already volatile and tense situation in the Middle East. The Iraqi government recalled its ambassador to Tehran and summoned Iran’s chargé d’affaires in Baghdad to the Foreign Ministry after at least eight ballistic missiles launched by Iran’s Islamic Revolutionary Guard Corps struck overnight in Erbil, the capital of Iraq’s Kurdistan region, killing four civilians, including an 11-month-old girl. The strike came amid widespread fears that the devastating war in Israel could spiral into a more deadly confrontation. The war has already sparked a low-level regional conflict between Iranian proxy forces in Iraq, Syria and Yemen and the United States and other Wester powers. The United States, France and Britain denounced the latest Iranian attack, which shook Erbil and set off sirens at the United States Consulate and at the airport, which was forced to suspend flights.
Persons: Iran’s chargé Organizations: Tuesday, Foreign, Islamic Revolutionary Guard Corps, United States Consulate Locations: Iraq, Baghdad, Tehran, Iran’s chargé d’affaires, Erbil, Iraq’s Kurdistan, Israel, Syria, Yemen, United States, France, Britain
CNN —Two journalists imprisoned in Iran following their coverage of the death of Mahsa Amini, which sparked nationwide protests in 2022, have been temporarily released on bail, according to state-run media. Convicted in October, Niloofar Hamedi and Elaheh Mohammadi are currently awaiting a verdict on their appeals, according to Iran’s state-run news agency IRNA. But the women were allowed to leave their Tehran jail on Sunday with a bail of 10 billion tomans each (nearly $200,000 each), IRNA reported. Mohammadi was arrested after reporting on Amini’s funeral, according to RSF and the United Nations. “UNESCO welcomed the release on bail today of Iranian journalists Niloofar Hamedi and Elaheh Mohammadi, two of the three laureates of the 2023 UNESCO/Guillermo Cano Press Freedom Prize.
Persons: Mahsa, Niloofar, IRNA, Hamedi, Mohammadi, Amini, , Hamedi’s, Mohamad Hosein Ajoroloo –, , Amini’s, Amjad, , Sherif Mansour, Guillermo Cano, Elaheh Mohammadi, , Niloofar Hamedi Organizations: CNN, United Nations, Committee, Protect Journalists, UNESCO, TIME, Sunday, “ UNESCO Locations: Iran, Tehran, United States, Islamic Republic of Iran, IRNA, East, North Africa
CNN —The imprisoned Iranian Nobel Peace Prize laureate Narges Mohammadi has been sentenced to an additional 15 months in prison, Mohammadi’s family said in a written statement sent to CNN on Monday. On top of the extra 15 months in prison, the new sentence orders Mohammadi to “two years of exile outside Tehran and neighboring provinces,” according to her family. Mohammadi was also given a two-year travel ban, “a two-year ban on membership in social-political groups, and a two-year ban on using a smartphone,” the statement added. Mohammadi was already serving a sentence of ten years and nine months, accused of actions against national security and propaganda against the state. She was also sentenced to 154 lashes, a punishment rights groups believe has not been inflicted so far, along with restrictions on travel.
Persons: Narges Mohammadi, Mohammadi’s, , Mohammadi, , , Mahsa, Niloofar Hamedi, IRNA, Hamedi Organizations: CNN, Peace, Islamic Locations: Islamic Republic, Iran, Tehran,
Sweden Says Swedish National Arrested in Iran
  + stars: | 2024-01-15 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
(Reuters) - A Swedish man in his twenties was arrested in Iran earlier this month and is being held in custody, the Swedish foreign ministry said on Monday. However, relations between Sweden and Iran have been tense since 2019 when Sweden arrested a former Iranian official for his part in the mass execution and torture of political prisoners in the 1980s. The Foreign Ministry is in contact with relatives in Sweden," the ministry told Reuters in an email. Iran, in late December, said it would keep seeking the release of the former Iranian official sentenced to life in prison in Sweden. Earlier in December, Iran began the trial of a Swedish national, Johan Floderus, a European Union employee who has been imprisoned since April 2022.
Persons: Johan Floderus, Ulf Kristersson, Johannes Birkebaek, Christina Fincher Organizations: Reuters, Foreign, Iranian, European Union, Swedish Locations: Iran, Swedish, Sweden, Tehran, Israel
Iran-backed groups form a land bridge across the Middle East and connect in an alliance that Tehran calls the “Axis of Resistance.” Here’s what to know about the alliance that includes Hamas in Gaza, Hezbollah in Lebanon and the Houthis in Yemen. Photo Illustration: Eve HartleyTEL AVIV—Israeli Prime Minister Benjamin Netanyahu pledged to continue the war in Gaza despite mounting international pressure to wrap up the conflict, now stretching into its 100th day, and persistent demands at home for him to give priority to the return of hostages still held by Hamas. “Nobody will stop us—not The Hague, not the axis of evil and not anybody else,” he said from the Israeli military headquarters in Tel Aviv on Saturday night, referencing an alliance of Iran-backed armed groups in the region and a United Nations court case brought by South Africa accusing Israel of committing genocide against Palestinians.
Persons: , Hartley, Benjamin Netanyahu, , Israel Organizations: United Locations: Iran, Tehran, Gaza, Hezbollah, Lebanon, Yemen, AVIV, Hague, Tel Aviv, United Nations, South Africa
By the day's end of the day, scores of supporters of the rulers of Iran were dead, and hundreds were injured in a twin suicide bombing. AdvertisementHe was considered a hero, she said, by many in Iran for driving ISIS out of Iraq and helping to defeat them in Syria. Stringer/Anadolu via Getty ImagesIt was the latest in a string of attacks by the ISIS affiliate that has been targeting Iran for five years. The Iranian intelligence ministry sought to blame its old enemy Israel for the atrocity and said one of the bombers had Israeli citizenship, the Times of Israel reported. AdvertisementThey will continue to attempt attacks against Iran "no matter what," Washington Institute for Near East Policy expert, Aaron Zelin, told the VoA.
Persons: Qassem, , Qassem Soleimani, Kerman, Barbara Slavin, Soleimani, Stringer, Khomeini's, Abdollah Tajiki, Slavin, It's, it's, White, John Kirby, Ayatollah Ali Khamenei, Saudi King Salman, Prophet Mohammed, Salvin, Donald Trump, Aaron Zelin Organizations: Sunni, Service, Revolutionary, Reuters, The Stimson Center, Iran Initiative, Asia Center, ISIS, Anadolu, Getty, Iranian, Ministry of Intelligence, Revolutionary Guard, Saudi, US, UK, Red, Quds Force, The Stimson, Washington Institute for Near East, VoA Locations: Kerman, Iran, Iraq, Syria, Afghanistan, Asia, Kerman City, Tehran, Tajik, Israel, Saudi Arabia, Hormuz, Soleimani, Iranian, Fars, Republic, Yemen, Iran's, United States, al Qaeda, American
For all the fears of an outbreak of fighting in the Middle East that could draw the United States, Israel and Iran into direct combat, a curious feature of the conflict so far is the care taken — in both Tehran and Washington — to avoid putting their forces into direct contact. No one knows how long that will last, American and European diplomats and other officials say. It is the most delicate of dances, rife with subtle signals, attacks and feints, and deniable action. The evidence of caution is piecemeal, but everywhere. That is considered the red line that could trigger military action against its underground nuclear complexes.
Persons: Washington — Locations: United States, Israel, Iran, Tehran, Washington, Iraq, Syria, Lebanon
WASHINGTON (Reuters) - U.S. fighter aircraft shot down an anti-ship cruise missile fired from Houthi militant areas of Yemen toward a U.S. destroyer operating in the Southern Red Sea, the U.S. military said on Sunday. The midair interception is the latest incident in the Red Sea where the Houthis have been attacking international shipping in what they say is a campaign to support Palestinians under seige from Israeli forces in Gaza. It follows a series of American and British airstrikes on Houthi targets in Yemen that have drawn threats of a "strong" response from the Iranian-backed militia. Earlier on Sunday, the Houthis complained that U.S. aircraft were observed flying close to Yemeni airspace and coastal areas. Houthi spokesman Mohammed Abdulsalam described the activity by "enemy" aircraft as a blatant violation of national sovereignty.
Persons: CENTCOM, Mohammed Abdulsalam, Natalia Olivia, Chandni Shah, Raphael Satter, Kim Coghill, Neil Fullick Organizations: WASHINGTON, U.S, British, U.S . Central Command, Reuters, Hamas Locations: Yemen, U.S, Gaza, Yemen's, Hodeidah, Yemeni, Israel, Tehran, Akrotiri, Cyprus, Palestine, Bengaluru
The strikes risk further fanning the flames of a wider regionaI conflict that neither the US nor the Houthis’ backers in Iran appear to want. Houthi rebels launched a series of attacks on commercial ships and Western military vessels in the Red Sea, a major artery for international trade. Houthi forces seize and board the cargo ship Galaxy Leader in the Red Sea on November 19, 2023. The clashes will also continue to give Tehran leverage, argues IISS’s Momtaz, as evidenced by the strikes in Yemen on Thursday. “They need to restore freedom of navigation and secure international trade in the Red Sea while continuing to make sure that the other fronts don’t escalate into a real war.”
Persons: Joe Biden’s, Israel, ” Biden, , Rym Momtaz, Amir Levy, Parsi, Benjamin ) Netanyahu, ” Parsi, Biden, IISS’s Momtaz Organizations: Lebanon CNN, US, United Nations ’, Galaxy, Houthi Media, European Foreign Policy, Security, Quincy Institute Locations: Beirut, Lebanon, Yemen, Red, Iran, Israel, Gaza, Iraq, Syria, Tehran, Saudi Arabia, Houthi, Israeli
The US and UK launched retaliatory strikes against Houthi rebels in Yemen on Thursday. The strikes come after the Iran-backed rebel group conducted dozens of attacks on commercial ships. But a military strategist said more strikes will likely be necessary to deter the Houthis. The large-scale strikes come after the Iran-backed rebel group conducted dozens of attacks against commercial ships sailing through the Red Sea and other key trade routes since November. After Thursday's strikes on the Houthis, the US said it would not hesitate to take more kinetic action against the rebels if needed.
Persons: , Yemen's, Mick Ryan, Ryan, Biden, Joe Biden Organizations: US, UK, Service, BI, Australian Army, Pentagon, Islamic Revolutionary Guard Corps Locations: Yemen, Iran, Gaza, Iraq, Syria, Tehran, United States
Russia is suspected of having used a new Iranian exploding drone in Ukraine, though it's not confirmed. The weapon, Iran's jet-powered Shahed-238, is believed to offer a speed boost over the Shahed-136 loitering munition. With these new drones, Moscow could create more headaches for Ukraine's air defenses, experts say. Remain of a Russian-made Shahed 136 at an exhibition on May 12, 2023 in Kyiv, Ukraine. Bendett said Iran will likely be taking notes on how its drones are used on the battlefield in Ukraine.
Persons: it's, , hWuxfEUzSV, lY3Js7yPH4, 🐈🇺, Ma, sy Organizations: Service, Kyiv Post, Zone, Business Locations: Russia, Iranian, Ukraine, Moscow, Iran, Tehran, Russian, Kyiv, Kherson, Ky
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
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023. Advertisement"Ongoing Houthi attacks in the Red Sea are illegal, unacceptable, and profoundly destabilizing," the statement read. Retaliatory strikes against the Houthis would not be unprecedented — the Pentagon did so in 2016 following attacks by the rebels — but they would be escalatory. The Houthis, meanwhile, are not the only Iranian proxy group that has clashed with the US since the outbreak of the Israel-Hamas war.
Persons: , I'm, Antony Blinken, Carney, MCS2 Aaron Lau, Houthi, Mohammed Hamoud, HMS, Grant Shapps, Barbara Woodward, We've, John Kirby, CENTCOM, Biden Organizations: Service, Business, US, Navy, US Navy, Pentagon, Getty, Biden, US Central Command, British, Royal Navy, United Nations, National Security Locations: Yemen, Iran, Washington, Bahrain, American, Israel, Amran, Anadolu, Red, Suez, Tehran, Iraq, Syria
Shipping can be rerouted away from the Red Sea, but crude would be essentially trapped if the strait is shut down, Struyven said. A prolonged disruption in the strait could eventually double oil prices, he said. McNally thinks the market should be factoring in a $12 geopolitical risk premium in oil prices right now. Wirth told CNBC's Sullivan that Chevron is currently working with the U.S. Navy to protect its vessels transiting the Red Sea. "Hopefully, if it doesn't escalate further, we'll be OK — even if there has to be a wholesale diversion of shipments around the Red Sea," Granholm said.
Persons: you've, Daan Struyven, Goldman Sachs, CNBC's Brian Sullivan, Struyven, Bob McNally, McNally, Bush, Antony Blinken, Daniel Yergin, Yergin, Michael Wirth, Tehran's, Wirth, CNBC's Sullivan, Joe Biden's, Jennifer Granholm, Granholm, Israel, Benny Gantz, Gantz, Biden's, Bob Yawger, Yawger, Brent Organizations: Shipping, Rapidan Energy Group, National Security Council, P Global, Brent, Chevron, U.S . Navy, NBC News . Energy, Mizuho, Energy Information Agency, Gulf Locations: Red, Iran, Hormuz, Persian, Israel, Strait, Yemen, Danish, U.S, Lebanon, Beirut, Lebanese, Islamic Republic, The U.S, Europe, South Africa, United States, East
There are several key flashpoints where the Israel-Hamas war could escalate into a regional conflict that has a material impact on oil, according to the firm. Those flashpoints are the Red Sea, Lebanon and Iraq, analyst Helima Croft wrote in a note to clients this week. Crude prices fell Tuesday despite renewed attacks by Houthi militants in the Red Sea over the weekend. Maersk stopped shipping through the Red Sea again and is rerouting vessels around the Cape of Good Hope in South Africa. Some 12% of global trade and about 3 million barrels of crude oil pass through the Red Sea per day, according to RBC Capital Markets.
Persons: Helima Croft, Croft, Adi Imsirovic, Imsirovic, Steven Schoenfeld, Schoenfeld, Goldman Sachs, Tehran's Houthi, Donald Trump ratcheted, Biden, Benny Gantz, Israel, Saleh al, Joe Biden, Trump, Qasem Soleimani Organizations: RBC Capital Markets, Maersk, West Texas Intermediate, CNBC, Tuesday, Traders, Investors, Center for Strategic, International Studies, U.S, Prosperity, U.S . Navy, U.S . Central Command, JPMorgan, Israel Defense Forces, Three U.S, Washington Locations: Israel, Sea, Lebanon, Iraq, Red, Danish, Libya, Russia, Ukraine, Iran, U.S, Yemen, The U.S, Mandeb, Aden, Britain, Hangzhou, South Africa, Suez, Asia, Europe, Hormuz, Islamic Republic, Tehran, Beirut, Croft, Erbil, Three
A picture taken during an organised tour by Yemen's Houthi rebels on November 22, 2023 showing the Galaxy Leader cargo ship approaching the port in the Red Sea off Yemen's province of Hodeida. Oil prices fell Tuesday as traders monitored rising tensions in the Red Sea amid a backdrop of record U.S. crude production and worries about demand in China. Crude prices had jumped more than 2% earlier in the trading session on escalating tensions in the Red Sea, a crucial global trade chokepoint. And Iran on Monday deployed a destroyer to the Red Sea, according to the country's Tansim news agency. The move by Tehran comes after U.S. Navy helicopters destroyed three boats of Iran-backed Houthi rebels.
Persons: Yemen's Houthi, Brent, Helima Croft, Croft, Adi Imsirovic, Ayatollah Ali Khamenei, Neil Beveridge, Lloyd Organizations: Galaxy Leader, The West Texas Intermediate, RBC Capital Markets, CNBC, Center for Strategic, International Studies, Monday, U.S . Navy, Navy, U.S . Central Command, Energy, Prosperity Locations: Red, Yemen's, Hodeida, China, The, Iran, Tehran, Singapore, Hangzhou, Brent, Israel, Gaza, Suez, Africa, The U.S
Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea in this photo released on Nov. 20, 2023. Houthi Military Media | Via ReutersDrone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow waterway through which some 10% of the world's trade sails. And will a U.S.-led naval security coalition be effective enough to make the Red Sea trade routes safe for trade again? Zoom In Icon Arrows pointing outwards An infographic titled 'Bab-el-Mandeb Strait: Trade route between East and West narrows amid Houthi threat' created in Ankara, Turkiye on December 18, 2023. Concerns grow as major maritime transportation companies alter their ship routes in response to the increasing Houthi threats in the Red Sea.
Persons: Lloyd, Ryan Bohl, Rane, Khaled Abdullah, Houthi, Rather, Mohammed Hamoud, Mohammed al, Sidharth, , Kaushal, Corey Ranslem Organizations: Galaxy Leader, Houthi, Media, Reuters, . Central Command, BP, Maersk, MSC, CMA, Pentagon, DHL, Middle East, CNBC, Hezbollah, Saudi, Arab, Hamas, Royal United Services Institute, Maxar, Dryad Locations: Red, Yemen, Suez, Africa, Asia, Europe, North Africa, U.S, Lebanese, America, Israel, Saudi, Sanaa, Saudi Arabia, Iran, Mandeb, Trade, East, West, Ankara, Turkiye, Hodeida, Islamic Republic, Gaza, Palestinian, Israel's, Sana'a, London, Bahrain, Canada, France, Italy, Netherlands, Norway, Spain
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