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☆ ‘Scandals and secrets’: On board the world’s most exclusive private residential ship
▼ + stars: | 2024-02-24 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

Welcome to The World, an exclusive private residential ship home to 165 superluxe apartments. Antonucci’s children were in their early 20s during his stint as a World resident, but they came and visited their parents on board from time to time. Unlike on an ordinary cruise ship, residents are able to make renovations and decorate according to personal tastes. Peter AntonucciFor many residents, the social life on board The World is also a big part of the appeal. The World’s owners also chose not to respond to Antonucci’s account of life on board.

Persons: CNN —, – you’ve, “ I’m, Peter Antonucci, you’ve, Antonucci, he’d, ”, he's, Peter Antonucci Antonucci, “, Antonucci didn’t, they’d, Antonucci can’t, ” Antonucci, –, aren’t, “ They’re, I’ve, ’ Antonucci, There’s, carousing ”, wasn’t, I’d, ‘, Antonucci “, he’s Organizations: CNN, HBO, CNN Travel, “, Street, Wimbledon, ” Locations: Antonucci, Belize, Panama, New York, Europe, Maldives, Seychelles, Australia, New Zealand, London, Rio de Janeiro, Florida, Solomon Islands, South Africa

☆ U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships
▼ + stars: | 2024-02-24 | by ( ) www.cnbc.com time to read: +8 min

The U.S. F/A-18 fighter jets launched from the USS Dwight D. Eisenhower aircraft carrier, which is currently in the Red Sea, officials said. President Joe Biden and other senior leaders have repeatedly warned that the U.S. won't tolerate the Houthi attacks against commercial shipping. During normal operations, about 400 commercial vessels transit the southern Red Sea at any given time. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden. The Associated Press, relying on satellite images from Planet Labs PBC of the stricken vessel, reported Tuesday that the vessel was leaking oil in the Red Sea.

Persons: Dwight D, Lloyd Austin, Grant Shapps, Shapps, Joe Biden, haven't, We've, Sabrina Singh, we've, Mason, Abdul Malik al, Hope Organizations: US Coast Guard, US Central Command, U.S, Eisenhower, Defense, Yemeni Armed Forces, RAF, Islander, Hamas, Houthi, Aden , U.S . Central Command, Central Command, Khorfakkan, United, Command, Associated Press, Planet Labs PBC Locations: Iran, Yemen, Tampa , Florida, United States, U.S, Gulf of Aden, British, Red, Britain, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Gaza, Aden , U.S, Asia, Europe, Africa, Suez, Mandeb, Gulf, Aden, Palau, Belize, Lebanese, Bulgaria, United Arab Emirates

☆ US and UK carry out fourth round of coalition strikes against at least a dozen Houthi targets in Yemen
▼ + stars: | 2024-02-24 | by ( Oren Liebermann | Haley Britzky | ) edition.cnn.com time to read: +4 min

The strikes include at least dozens of targets across multiple locations in Yemen, according to one of the officials, including targets in the capital Sanaa and elsewhere. The targets included Houthi weapons, radar sites, command and control center, as well as underground weapons storage facilities. Earlier this month, the Pentagon said that the continued strikes against Houthi targets in Yemen, which began in January, have destroyed more than 100 missiles and launches, including anti-ship missiles, drones, radars and more. It is also extremely expensive and impractical, some officials note, to keep firing multimillion-dollar missiles at cheap Houthi drones and missiles. CORRECTION: This story has been updated to correct the number of strikes carried out against Houthi targets in Yemen.

Persons: Aden –, Sabrina Singh, ” Singh, “, ” Organizations: CNN, Pentagon, United Nations, Command, US Locations: United States, United Kingdom, Yemen, Iran, Aden, Gaza, Suez, Africa, Gulf, Belize

☆ When a Job Becomes a Literal Hell
▼ + stars: | 2024-02-23 | by ( Beatrice Loayza | ) www.nytimes.com time to read: +2 min

The women had suffered lithium poisoning while working at battery factories and began to break into fits of destructive rage during their shifts. In Lin’s retelling, the workers are resurrected as demons, seething with chaotic desire. The restaurant kitchen in FX’s series “The Bear,” which premiered in 2022, is a ticking time bomb of screaming, stove fires and oil burns. (“The Bear,” for all its frenetic pacing, dips into full-blown surrealism only during interludes showing lead chef Carm’s dreams.) These stories portray workers who are not simply anxious and exhausted but violently combusting.

Persons: Candice Lin’s, Lin, Aihwa, Dolly Parton, Jane Fonda, Lily Tomlin, Éric Gravel’s, Carm’s Locations: New York, Malaysian, Malaysia, French Canadian, Paris

☆ Opinion: Conflict is the new normal
▼ + stars: | 2024-02-23 | by ( Fareed Zakaria | ) edition.cnn.com time to read: +6 min

Editor’s Note: Fareed Zakaria is the host of Fareed Zakaria GPS, airing at 10 a.m. and 1 p.m. But conflict is the new normal. The war is going badly for Ukraine, which is critically outgunned and outmanned by its much larger adversary. The IDF’s goal is to weaken Hezbollah to the point that the roughly 80,000 Israelis who fled their homes in northern Israel can return. At some point, Hezbollah might respond forcefully, which could trigger an Israeli incursion into Lebanon, truly widening the war.

Persons: Fareed Zakaria, Fareed, Read, Vladimir Putin, Benjamin Netanyahu’s, Netanyahu, Amir Levy, —, don’t Organizations: CNN, Fareed’s, European, Gulf, Israel Defense Forces, United, British Navy, Republicans Locations: Ukraine, Europe, Russia, European, North Korea, Cuba, China, India, Turkey, Gulf States, Gaza, Hamas, British, Palestinian, Israel, Lebanon, North, Suez, United States, Red

☆ Why the captain of a US Navy aircraft carrier fighting in the Red Sea is always posting about things like Taco Tuesday and cookies
▼ + stars: | 2024-02-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

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

☆ U.S. crude hovers near three-month high as Middle East conflict rages on
▼ + stars: | 2024-02-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures hovered near three-month highs Tuesday as the conflict in the Middle East rages on. U.S. crude gained 3% last week to settle Friday at its highest price, $79.19 a barrel, since Nov. 6. The global benchmark rose 1.5% for the week to settle at its highest price since Jan. 26. Houthi militants on Monday attacked another cargo ship in the Bab el-Mandeb strait, forcing the crew to abandon the vessel. The attack highlights the ongoing threats to commercial vessels in the Red Sea, which has forced shipping giants such as Maersk to divert cargo around the Cape of Good Hope in Africa.

Persons: Brent, Tamas Varga, PVM Organizations: The West Texas Intermediate, International Energy Agency, Monday Locations: Suez, Ismailia, Egypt, East, Israel, Lebanon, Gaza, Rafah, U.S, Iran, Red, Hope, Africa, Aden

☆ The Kremlin has never been richer – thanks to a US strategic partner
▼ + stars: | 2024-02-19 | by ( Nick Paton Walsh | Florence Davey-Attlee | ) edition.cnn.com time to read: +9 min

It amounts to US strategic partner New Delhi stepping in to replace crude purchases by Western buyers, reduced by sanctions over Russia’s invasion of Ukraine, the analysis said. The United States led a coalition of countries in late 2022 that agreed to a “price cap,” undertaking not to buy Russian crude above $60 a barrel. Those nations also forbade their shipping companies and insurance firms – key players in global shipping – from facilitating the trade of Russian crude above that price. “The price cap was the real trigger for the creation of the shadow fleet,” said Viktor Katona, head of crude oil analysis at trade research firm Kpler. It will be $150.”India’s complex role in global oil trade is also reflected in the fate of the oil products Russian crude is turned into.

Persons: they’re, ”, David Tannenbaum, Viktor Katona, Tannenbaum, ” Ami Daniel, Vladimir Putin, Howard Shatz, Singh Puri, Rosneft, Daniel, I’m Organizations: CNN, Centre for Research, Energy, Clean, Star, Pole Star, US Treasury, United, Pole Star Global, European Union, RAND, India’s, Petroleum, Natural Gas, CNBC, Nayara, Kremlin Locations: Russia, Ukraine, India, United States, Delhi, Moscow, Laconian Gulf, Greece, Suez, Russian, Kyiv, Vadinar

☆ Red Sea attack-fueled ocean freight inflation is starting to ease on key global trade routes
▼ + stars: | 2024-02-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesThe Red Sea crisis has fueled a sharp spike in ocean freight inflation over the past two months, but there are signs that upward pressure on shipping rates on key trade routes may have peaked. Shipping rates on ocean routes from Asia to the U.S. are beginning to decline, based on analysis of the latest cargo data from Xeneta, a leading ocean and air freight benchmarking platform. The reversal in ocean freight pricing comes despite a maritime threat to global commercial shipping companies that shows no signs of waning. The timing of the rate decreases could influence new contracts in negotiations between ocean freight carriers and shippers at the beginning of March. "Either way, the next few weeks is crunch time for both ocean freight carriers and shippers and could define their fortunes for the rest of 2024."

Persons: Emily Stausbøll, Stausbøll Organizations: Future Publishing, Shipping, United Kingdom Maritime Trade, CNBC, FEU, U.S ., U.S Locations: Qingdao, Shandong province, Asia, Xeneta, Europe, U.S, East Coast, West Coast, Aden, Yemen, West, East, U.S . West Coast, Covid, Africa, Suez

☆ Shipping giant Maersk says Red Sea vessel diversions could extend into second half of 2024
▼ + stars: | 2024-02-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.

Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand

☆ Opinion: What Iran wants — and fears
▼ + stars: | 2024-02-13 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +7 min

Iran has backed Hezbollah’s efforts to avoid an all-out war with Israel despite consistent Israeli escalation and threats. Hezbollah doesn’t want a war with Israel and Iran agrees. The potential for such US or Israeli airstrikes is among the most significant reasons Iran wants to avoid a broader conflict. Tehran has already restrained its Iraqi proxies, is working to help Hezbollah climb down and avoid a devastating Israeli attack. And Iran is probably urging the Houthis to take great care not to kill Americans or otherwise go too far.

Persons: Hussein Ibish, Read, Hussein Ibish It’s, Biden, Israel, Kataib, Saleh Al, Wissam, Amos Hochstein, Ebrahim Raisi, Shannon Stapleton, It’s Organizations: Gulf States Institute, Israel, CNN, Washington, Radwan Force, Iranian Locations: Washington, Iranian, Iran, Iraq, Syria, Lebanon, Gaza, Yemen, United States, Saudi Arabia, Russia, China, Saudi, That’s, Israel, Jordan, Hezbollah’s, Beirut, Tehran, Yemeni, Suez, Strait, Hormuz, Bab, Mandab

☆ U.S. Gas Producers Are Racing to Sell to Asia. And Mexico Is Key.
▼ + stars: | 2024-02-13 | by ( Max Bearak | ) www.nytimes.com time to read: +1 min

As soon as next year, the United States’ fossil fuel industry will gain its first foothold on a valuable shortcut to sell natural gas to Asia. The shortcut goes straight through Mexico. The terminal is symbolic of an enormous shift underway in the gas trade, one that will influence fossil-fuel use worldwide for decades and have consequences in the fight against climate change. The American fracking boom has transformed the United States into the world’s largest gas producer and exporter. Demand is particularly growing in China, India and fast-industrializing Southeast Asian countries.

Locations: United States, Asia, Mexico, Coast, Panama, American, China, India

Remington is consolidating its operations in Georgia, a state the company says is friendlier to the firearms industry. Mayor John Stephens meets with village board members under a seal portraying Eliphalet Remington holding a long gun. The four-story, brick plant by Armory Street and Remington Avenue looms over the community about 55 miles (90 kilometers) east of Syracuse. The Ilion plant went to a group of investors called the Roundhill Group as part of a $13 million bid. After months of union negotiations, the firearms plant reopened in the spring of 2021.

Persons: — Remington, Eliphalet Remington, Sandy, Remington, it’s, ”, Jim Conover, Mayor John Stephens, Conover’s, Frank “ Rusty ” Brown, “, Brown, RemArms, Ken D’Arcy, “ They've, Daniel Mendez, Stephens, Michael Disotelle, Sandy Hook, we’re, ” Stephens Organizations: Remington, Mayor, Street, United Mine Workers of America, Remington Firearms, Republican, New, Smith & Wesson, Cerberus Capital Management, Remington Arms, Bushmaster Firearms, Co, Vista Locations: Mohawk, Georgia, Sandy Hook, Detroit, Syracuse, New York, New York City, Tennessee, Springfield , Massachusetts, LaGrange , Georgia, Erie, Ilion

☆ The dollar is back. It’s not all good news
▼ + stars: | 2024-02-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The greenback is strengthening again after a bumpy 2023, as Wall Street accepts that interest rate cuts are coming later than previously expected. The US Dollar Index, which tracks the dollar against the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, is up 2.8% for the year as of Friday morning. “All of a sudden the interest rate differential kicks in — if that is slower than the Fed or faster,” said Krosby. Higher interest rates tend to garner more international capital to flow into a country, raising demand for the currency and thus its value. Still, Todd Jones, chief investment officer at Gratus Capital, says he expects the dollar to trend lower eventually as the Fed gets closer to cutting rates.

Persons: Jerome Powell, Christine Lagarde, Quincy Krosby, ”, Neel Kashkari, Todd Jones, Jones, Anna Cooban, Richard Meade, Janet Yellen, Alicia Wallace, Yellen, ” Yellen Organizations: CNN Business, Bell, New York CNN, Swiss, Canadian, Federal Reserve, European Central Bank, LPL, Treasury, Minneapolis, Gratus, Fed, Hamas, Lloyds, CNN, Banking Committee Locations: New York, Swedish, Iran, Suez, Asia, Europe

☆ Red Sea crisis: How global trade is being upended by attacks on container ships
▼ + stars: | 2024-02-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

That’s added as much as two weeks to a typical East-to-West journey for container ships, and 18 days for slower bulk carriers and tankers. Global container shipping costs are less than half their level during the coronavirus pandemic, which peaked at $10,380 in September 2021. Even so, he said, container shipping is “very cost-effective” as many goods can be packed into a single shipping container. The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea on November 20, 2023. Fewer oil tankers have avoided the Red Sea than container ships, which the Houthi militants more closely identify with Western countries allied with Israel.

Persons: Richard Meade, Tesla, Peter Sand, Good Hope, That’s, ”, Lloyd —, “, ” Simon MacAdam, ” Maersk, Meade Organizations: London CNN —, Hamas, Lloyds, CNN, Maersk, Hapag, Carriers, Global, Container, Capital Economics, Organisation for Economic Co, Development, Galaxy Leader, Houthi Military Media, Reuters Locations: Iran, Suez, Asia, Europe, Germany, Swedish, Africa, South Africa’s, Good, Sand, Vietnam, Drewry, Shanghai, China, Rotterdam, Netherlands, Xeneta, Israel, United States, Canada

☆ Oil edges up on smaller US output growth estimates
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +1 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 ticked higher on Wednesday, as growth in U.S. oil production is expected to remain largely steady through 2025, easing worries of excess supply. The EIA also cut its forecast for domestic oil output growth in 2024 by 120,000 barrels per day (bpd) to 170,000 bpd, sharply lower than last year's output increase of 1.02 million bpd. U.S. government data on oil inventory will be released later on Wednesday. U.S. crude stocks are expected to have risen 1.9 million barrels in the last week as production recovered from a cold freeze and refiners started maintenance.

Organizations: del, del Peru SA Talara, Brent, U.S, West Texas, U.S . Energy Information Administration, EIA, Hamas, Traders Locations: del Peru, Piura, Peru, ., U.S, Israel, Gaza, Iranian, Suez, Asia, Europe

FRANKFURT, Germany (AP) — Missiles and drones are flying in the Red Sea, disrupting one of the world's key trade arteries and a chokepoint for energy shipments headed for Europe. Last year, 12.9% of Europe's LNG went through the Red Sea from suppliers in the Middle East, mainly Qatar. That means “an extended shut-in of the Red Sea route from the Middle East poses a supply risk to Europe,” said Kaushal Ramesh, vice president at Rystad Energy. So far, there's been little to no impact on natural gas prices. Europe is getting a break because demand for natural gas is weak amid a sluggish economy.

Persons: Yemen's Houthi, it's, ”, Kaushal Ramesh, there's, ” Rystad's Ramesh, Simone Tagliapietra, Tagliapietra, Biden, Vladimir Putin, Joe Biden, Jennifer Granholm, Eurogas, Tagliapeitra, Claudia Kemfert, ___ Daly Organizations: Missiles, Union, SEA, Italy's, Europe's, Rystad Energy, WHAT'S, Energy, Industry, German Institute of Economic Research, Leuphana University Locations: FRANKFURT, Germany, Red, Europe, Italy, Russia, Ukraine, Mandab, Israel, U.S, Yemen, Africa, Suez, Qatar, China, Norway, Azerbaijan, Brussels, Iran, Hormuz, Persian, That's, ”, Asia, ” U.S, USA, EU, Washington

CNN —A medical examiner on Tuesday released the manner of death for a baby whose mother accused a Georgia hospital and others of decapitating during delivery, ruling it a homicide. The Clayton County, Georgia Medical Examiner’s office said the baby died from a broken neck and the baby’s head was detached, according to a news release shared with CNN. Ross went into labor on July 9 and her doctor attempted to deliver the baby using various methods, including “applying traction to the baby’s head,” the lawsuit says. Ross says the doctor “grossly” and “negligently applied excessive traction” on her baby’s head and neck, the complaint says. Everyone we have consulted has never seen a situation like this before,” Clayton County Medical Examiner’s Director Brian Byars told CNN on Tuesday.

Persons: Jessica Ross, Isaiah Taylor Jr, Trevon Isaiah Taylor Sr, Ross’s, Ross, “, negligently, ”, Taylor “, Brian Byars, CNN’s Nick Valencia Organizations: CNN, Southern Regional Medical, Southern Regional Medical Center, Clayton County Police Department Locations: Georgia, Clayton County , Georgia, ”, Riverdale, Atlanta, Clayton County, Clayton

☆ Yemen Houthi Leader Says Group Will Further Escalate if Attacks on Gaza Do Not Stop
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

DUBAI (Reuters) - The leader of Yemen's Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on Gaza does not stop. The Houthis, who control Yemen's capital and most populous areas, have attacked international shipping in the Red Sea since November in what they say is solidarity with Palestinians, drawing U.S. and British retaliatory strikes since last month. The attacks are disrupting maritime trade in one of the world's busiest corridors as freight firms reroute around the Cape of Good Hope to avoid the Suez Canal. The group fired naval missiles at two ships in the Red Sea on Tuesday, its military spokesman said, causing damage to Greek-owned Star Nasia and British-owned Morning Tide. War in Israel and Gaza View All 194 ImagesSpokesman Yahya Sarea identified the Greek-owned, Marshall Islands flagged Star Nasia as American.

Persons: Yemen's, Houthis, Abdul Malik al, Houthi, Yahya Sarea, Ahmed Elimam, Nayera Abdallah, Peter Graff Organizations: Reuters, Tide, Marshall Islands Locations: DUBAI, Yemen's Iran, Gaza, Red, Suez, Israel, India

☆ What Business Leaders Are Saying About the Red Sea Attacks
▼ + stars: | 2024-02-05 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Recent attacks on commercial ships in the Red Sea by the Iranian-backed Houthi militia have forced companies to pay higher insurance rates or reroute goods around Africa, adding costs and delays that could put a dent in companies’ profit margins and, ultimately, push up prices for consumers. Many executives whose companies ship goods through the Red Sea and Suez Canal have said the impact so far has been limited, in part because of lessons they learned from the more severe, worldwide supply chain disruptions during the worst of the Covid pandemic. “Moving forward, disruption will hit companies,” said David Simchi-Levi, a professor at the Massachusetts Institute of Technology. “Today it is the Red Sea, tomorrow it will be something else.”The attacks in the Red Sea, which handles about 12 percent of global trade, have forced companies to make tough decisions. Going through the Red Sea would mean risking an airborne strike, and paying more for insurance.

Persons: ”, David Simchi, Levi Organizations: Massachusetts Institute of Technology, “ Locations: Red, Iranian, Africa, Suez

☆ Red Sea tensions risk significantly higher inflation, OECD warns
▼ + stars: | 2024-02-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

watch nowElevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday. The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38 member countries by nearly 5 percentage points if they persist. That could add 0.4 percentage points to overall price rises after a year, the OECD said in its latest economic outlook. Clare Lombardelli, chief economist at the OECD, told CNBC on Monday that a sustained increase in inflation as a result of the latest crisis is a risk, but not the group's base case. "It's something we're watching closely ... we have seen an increase in shipping prices, if that were to continue for for an extended period, then that would feed through into consumer price inflation.

Persons: Ahmed Gomaa, Clare Lombardelli, Lombardelli, Tiemen Meester, it's, Meester Organizations: Organisation for Economic Co, Development, OECD, Xinhua News Agency, Getty, CNBC Locations: Paris, Suez, Europe, Asia, Iran, Yemen, United States, Ismailia Province, Egypt, Good, Africa, Dubai

☆ Middle East Crisis Israel Awaits Hamas Response to Cease-Fire Plan as Blinken Returns to Mideast
▼ + stars: | 2024-02-05 | by ( Aaron Boxerman | Michael D. Shear | ) www.nytimes.com time to read: +3 min

A broadcaster affiliated with Hamas, Al-Aqsa, reported on Sunday that Hamas was still holding consultations on the proposal, a week after it was formulated. Leaders of the group had previously signaled that substantial gaps remained between the two sides, even as representatives from the United States, Egypt and Qatar sought common ground. Mr. Blinken, who was set to visit Saudi Arabia first, is hoping to advance talks on a series of interlocking deals to end the war in Gaza, and a deal for a hostage release will be central to that effort. Other Iran-backed militants have launched attacks against U.S. bases in the region, including one recently that killed three U.S. soldiers in Jordan. Top U.S. national security officials said on Sunday that further retaliation against Iran-backed militias was still planned.

Persons: Israel, Antony J, Blinken, Jake Sullivan, CBS’s, ”, “ We’re, Mr, Sullivan, Jordan, “, NBC’s “ Organizations: Hamas, U.S, United, Iranian, Top U.S, Press Locations: Gaza, Al, United States, Egypt, Qatar, Saudi Arabia, court, Israel, East, Lebanon, Yemen, Suez, Iran, Jordan, Syria, Iraq

☆ ‘Like going to the moon’: The world’s most terrifying ocean crossing
▼ + stars: | 2024-02-04 | by ( Julia Buckley | ) edition.cnn.com time to read: +19 min

And it’s not just the winds making the waters rough – the Drake is basically one big surge of water. We’re not gambling.”Even with that extra safety margin, though, he admits that crossing the Drake can be a hairy experience. A dangerous thrillAurora Expeditions' Greg Mortimer ship has a patented bow to make a Drake crossing more stable. “The only thing that works for me is going to the ship’s medic for a scopolamine patch,” he says. “If you were going to the moon, you’d expect the journey to be uncomfortable but it’d be worth it,” she says.

Persons: CNN —, ” Alfred Lansing, Ernest Shackleton’s, Drake, ”, it’s, Mike Hill, Adam ”, Alexander Brearley, –, ” “, Storm Isha, Brearley, That’s, It’s, Clelia, Fiona Stewart, Garett McIntosh, Horn, “, Stanislas Devorsine, Sue Flood, Le Commandant Charcot, ” Devorsine, Devorsine, “ We’re, Jamie Lafferty, “ Drake, Greg Mortimer, Tyson Mayr, He’s, Mundy, Edwina Lonsdale, ” Lonsdale, Sylvia Earle, Lonsdale, DreamPictures, acupressure, ” Jamie Lafferty, I’ve, ” Warren Cairns, There’s Organizations: CNN, British Antarctic Survey, Atlantic, “, AP, South America –, Aurora Expeditions, Institute of Polar Sciences, National Research Council of Locations: Antarctica, isn’t, South America, Ireland, Panama, Europe, South, California, New York, Cape Horn, South Africa, Australia, New Zealand, –, France, Cape, National Research Council of Italy, it’s, Lonsdale

☆ Yemen's Houthis Vow Response After US, British Strikes
▼ + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +6 min

The group's military spokesperson Yahya Sarea said the U.S. strikes "will not pass without a response and consequences." HOUTHIS SAY WON'T BE DETERREDThe Houthis, who control swathes of Yemen, say their attacks are in solidarity with Palestinians as Israel strikes Gaza. The strategy blends limited military strikes and sanctions, and appears aimed at punishing the Houthis while attempting to limit the risk of a broad Middle East conflict. "We have already successfully targeted launchers and storage sites involved in Houthi attacks, and I am confident that our latest strikes have further degraded the Houthis’ capabilities." The United States said Sunday's strikes had support from Australia, Bahrain, Canada, Denmark, the Netherlands and New Zealand.

Persons: Phil Stewart, Idrees Ali, Mohammed Ghobari WASHINGTON, Yahya Sarea, Mahjoob Zweiri, Joe Biden, Sarea, Grant Shapps, Sunday's, Badr bin Hamad bin Hamoud, Busaidi, Andrew Mills, Tom Perry, Hugh Lawson Organizations: Reuters, Britain, Pentagon, Hamas, Residents, Islamic Revolutionary Guard Corps, Gulf Studies, Qatar University, U.S, Republicans, Democrat, U.S . military's Central Command, British Defence, U.S . Central Command, Oman Foreign, Tala Locations: ADEN, United States, Yemen, Iran, Palestinian, Israel, Gaza, Tehran, Houthi, U.S, Jordan, Iraq, Syria, Lebanon, Britain, Africa, Egypt, Suez, Red, States, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Sanaa Governorate, Taiz Governorate, Hodeidah Governorate, Oman, Doha, Dubai

☆ Middle East Crisis U.S. Strikes Over 85 Targets at 7 Sites in Iraq and Syria Against Iran’s Forces and Proxies
▼ + stars: | 2024-02-03 | by ( Victoria Kim | ) www.nytimes.com time to read: +5 min

Image Pro-government Iranians gathering near a banner that warns Iran’s enemies — in Farsi and in Hebrew — to “Prepare your coffins,” this month in Tehran. Credit... Arash Khamooshi for The New York TimesIran projects its military power through dozens of armed groups across the Middle East, but how much does it control their actions? Iranian rhetoric, echoed by its allied groups, often goes further, calling for the elimination of the Israeli state. A 2020 U.S. Department of State report estimated that Iran’s support for Hezbollah was $700 million annually at that time. They’re not Iran’s stooges.”Much the same could be said of other groups.

Persons: —, Arash Khamooshi, Israel, Michael Knights, Hisham al, “, Mohammed al, Sulami, ”, Vivian Nereim Organizations: Pro, The New York Times, United States, Sunday, U.S, Pentagon, Iranian Revolutionary Guards, . Department of State, Washington Institute, AK, United Nations Locations: Tehran . Credit, The New York Times Iran, United, Iranian, Jordan, Tehran, Iran, Lebanon, Syria, Iraq, Yemen, U.S, Eastern, Suez, United States, Israel, Yemeni, Saudi Arabia, Islamic Republic

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