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The strikes are a response to attacks on the Red Sea, adding complexity to the regional conflict originating from Israel's Gaza war. With that exception, "This [the Red Sea crisis] is the largest single event – even larger than the early pandemic impact," Murphy said. Sea-Intelligence analyzed current vessel delays compared to delays over the last several years in a report for clients. A leading ocean supply chain advisory firm is warning that the disruptions to shipping from the Houthi rebel attacks in the Red Sea are already more damaging to the supply chain impact than the early Covid-19 pandemic. "Threats to Red Sea shipping are a threat to maritime commerce worldwide," said Steve Lamar, CEO of the American Apparel and Footwear Association.
Persons: Luis Boza, Alan Murphy, Murphy, Hope, Steve Lamar Organizations: Getty, Intelligence, MSC, Volvo, Michelin, Ikea, American Apparel and Footwear Association, Logistics, CNBC Locations: Lisbon, Portugal, U.S, Yemen, Red, Gaza, Suez, Good Hope, Europe, United States, Asia
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
"If so, we expect the soaring freight rates and equipment shortage will continue till the third quarter," it advised clients. This would be on top of the revenue lost by diverted container vessels which are required to pay between $500,000-$600,000 per transit. "However, given the longer transit times vessels are experiencing, the market may face a shortage of empties across Asia until sailings normalize." Evelyn Fornes, Home Depot spokeswoman, said it is working with logistics carriers to find alternate routes to limit any impact from the Red Sea conflict. East Coast freight rates soar While freight rates for U.S. West Coast ports have yet to spike, freight rates for the East Coast and Gulf are up.
Persons: Folden, Shell, Jean, Charles Gordon, Nyttingnes, Torm, Euronav, Tom, Hafnia, Andy Lipow, Kuehn, Nagel, Ami Daniel, Goetz Alebrand, Stephen Schwarz, Paolo Montrone, Kuehn + Nagel, Alan Baer, Baer, Evelyn Fornes, Fornes, Lane Organizations: Galaxy, Houthis Media, Getty Images, Anadolu, Getty, U.S, Clarksons Securities, Honour Lane Shipping, Wall Street, Shell, Suez, Authority, Lipow Oil Associates, Logistics, CNBC, DHL Global, Asia Pacific, Kuehn, USA, Home, Costco, Walmart, Home Depot, Volvo, Michelin, Ikea, East, U.S . Locations: Iran, Yemen, Anadolu, Hafnia, Ardmore, Suez, Israel, Americas, Asia, Europe, Wells Fargo, Red, U.S, East Coast, U.S . West Coast, Gulf, East, West, West Coast
Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the US economy, so a recession is nearly impossible as long as consumer spending is growing. Wednesday’s report is expected to be a good one — economists polled by FactSet expect that a strong holiday shopping season boosted consumer spending by 0.4% in December from the month prior. But new data from the New York Federal Reserve on Tuesday has soured the mood on Wall Street. The outlook for consumer spending doesn’t look so bright, either. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy, report my colleagues Laura He and Simone McCarthy.
Persons: Alicia Wallace, shutdowns, It’s, Brian Moynihan, , CNN’s Richard Quest, they’ve, Bob Iger, Samantha Delouya, Walt Disney, Iger’s, Disney, Laura, Simone McCarthy Organizations: CNN Business, Bell, New York CNN, FactSet, New York Federal Reserve, Consumer, Hamas, Federal Reserve, Bank of America, Economic, Disney, National Bureau of Statistics, Communist, NBS Locations: New York, Suez, Iranian, Asia, Europe, United States, Drewry, Davos, Switzerland, China, Communist China
Read previewA young Yemeni man nicknamed "Timhouthi Chalamet" is building a following, posting videos of him touring a captured cargo ship in the Red Sea. But his account has disappeared from TikTok, Vice reported. As well as his TikTok following Rashid Al Haddad has 27,000 followers on Instagram. Al Haddad was posting on TikTok until around Tuesday this week, according to Vice. There's no evidence Al Haddad was part of the raid, Vice reported, though in some of his posts he wears military clothing, and sometimes carries an AK-47.
Persons: , Rashid Al Haddad, Instagram, Al Haddad, Timothée Chalamet, Al Haddad's, Biden, RASHID 🔻م يكا, rade, ince Organizations: Service, Business, Galaxy Leader, Human Rights Locations: Yemeni, Red
The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.
Persons: , Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, , Asia, Europe, Germany, Wells Fargo, Iran
Rumors have circulated that the much-talked-about Ultimate World Cruise could end early. Royal Caribbean told Business Insider that the ship plans to continue as scheduled. Advertisement"Royal Caribbean's Ultimate World Cruise will continue its current schedule as planned," the spokesperson said over email. Advertisement"There has been no official communication from Royal Caribbean about this concern but as passengers, we have been talking amongst ourselves and with Royal Caribbean," Antoine said. TikTok has been rife with reporting about and from the Ultimate World Cruise, which began on December 10, 2023, and will end on September 10, 2024.
Persons: , @aditaml2759, Anthony Antoine, Antoine, Yemen's, TikTok Organizations: Royal Caribbean, Business, Service, Royal Caribbean International, BI, Global Security, Royal, Royal Caribbean Group, Travel Locations: Los Angeles, Suez, Asia, Royal Caribbean
Oil prices fell on Wednesday as a stronger U.S. dollar limited demand for greenback-denominated crude, though the rising risks of supply disruptions amid the intensifying conflict in the Red Sea curbed the losses. U.S. West Texas Intermediate crude futures , or WTI, fell 43 cents, or 0.59%, to $71.97 a barrel. The stronger dollar reduces demand for dollar-denominated oil for buyers paying in other currencies. British oil major Shell suspended shipments through the Red Sea after the U.S. and UK strikes began, but U.S. producer Chevron is maintaining its Red Sea routes. "While oil benchmarks may not reflect the Red Sea attacks, the realized price for oil and oil products for consumers has increased given the disruption to trade flows through the Red Sea and Suez Canal," Vivek Dhar, director of mining and energy commodities strategist at the Commonwealth Bank of Australia, said in a note.
Persons: Brent, WTI, Daniel Hynes, Vivek Dhar Organizations: greenback, Global, Brent, . West Texas, U.S, U.S . Federal Reserve, ANZ Bank, Shell, Chevron, Commonwealth Bank of Australia Locations: U.S, Iran, Yemen, Red, Suez
PANAMA CITY (AP) — A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world's most important trade routes. The new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected. On Wednesday, Panama Canal Administrator Ricaurte Vásquez said they would cut daily ship crossings to 24, after already gradually slashing crossings last year from 38 a day in normal times. It was a “significant reduction” for the country, Vásquez said. “The water problem is a national problem, not just of the Canal,” Vásquez said.
Persons: Ricaurte Vásquez, Vásquez, ” Vásquez, , Organizations: PANAMA CITY, Central American Locations: PANAMA, Panama
There are many reasons to be horrified about recent events in the Middle East, and the prospect that attacks on shipping might undermine progress against inflation is way, way down the list. Nonetheless, if you are trying to forecast inflation, disruption of a major choke point for global commerce — the Red Sea is how ships get to and from the Suez Canal — isn’t what you want to see. Since there’s no reason to expect these more diffuse problems to return, the inflation impact of the conflict with the Houthis and its effect on Red Sea shipping will be limited. But anyone citing that number as evidence of stubborn inflation is deeply misinformed. Indeed, if he or she is in the business of giving financial advice, harping on 3.9 percent amounts to professional malpractice.
Persons: I’ve, they’ve Organizations: Consumer Locations: Suez, Los Angeles
Stringer | Bloomberg | Getty ImagesVessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. Alan Baer CEO of OL USAVessel-Operating Common Carriers (VOCC) are ocean carriers that own and operate vessels responsible for managing cargo and transporting them. Luis Boza/ | Nurphoto | Getty ImagesWhile the recent spikes in freight rates might not help shippers relive their glory days following the pandemic, they would substantially boost profitability. Brashier noted that both contracted rates for ocean carriers and spot market rates may rise further. Overall, container freight will still [find it] difficult to manage oversupply issue.
Persons: Stringer, Houthi, Alan Baer, Baer, Luis Boza, Nico Luman, Jefferies, Brashier, Daejin Lee Organizations: Bloomberg, Getty, Houthi, U.S, U.S . Central Command, USA, CNBC, Evergreen, Shipping, Logistics, Head, Research, Fertistream Locations: Suez, Egypt, Yemen, South Africa, Gibraltar, Maersk, Lisbon, Portugal, Asia
Gucci’s Reboot Brings Back Old-School Cool
  + stars: | 2024-01-16 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
The headline was Gucci. Gucci is, in a way, the Ever Given of the personal luxury goods trade. With more than 500 stores worldwide and an estimated market value in 2022 of $35.3 billion, it is that skyscraper-size tanker, caught sideways. The entire fashion business took a hit during the pandemic and then bounced back, or seemed to, with a surprising resilience. The instincts that helped elevate him from journeyman accessories designer to star were already giving him the itch to move on.
Persons: Gucci, Alessandro Michele, , Michele Locations: Suez, Florence
The railroad Canadian Pacific Kansas City is poised to benefit from mounting disruptions to shipping in the Red Sea that are rerouting global trade routes, according to Redburn Atlantic. The railroad's land bridge through North America is an attractive alternative for cargo from Asia to the U.S. East Coast as the Suez and Panama canals face disruptions to traffic. Container shipping through the Red Sea was down 30% in mid-December due to repeated attacks by Iran-allied Houthi militants in Yemen, Holmes told clients. CPKC's land bridge through Mexico north to the U.S. shortens transit time by 10 to 14 days compared to the Panama Canal, Holmes wrote. "This route is materially faster (10-14 days) than going through the Panama Canal, especially when there are restrictions in place," he told clients.
Persons: Oliver Holmes, Holmes, CPKC Organizations: Canadian, Canadian Pacific Kansas City, U.S ., Ships, Kansas City Southern, CP Locations: Canadian Pacific Kansas, Lázaro, Coast, U.S . East Coast, North America, Asia, Suez, Panama, Iran, Yemen, Hope, Africa, U.S . East, Mexico, U.S
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 Growing Pains of Modern Spectacle
  + stars: | 2024-01-16 | by ( Walker Mimms | ) www.nytimes.com   time to read: +1 min
As visual storytelling presses toward new technological heights, it is worth recalling that some of the oldest and richest tactics of illusion — from the proscenium arches of the Renaissance to the lintels and lightboxes of Robert Wilson — originated onstage. Over the past 20 years, many spatially encompassing and conceptually driven sets have come from the British artist Es Devlin, a stage designer for Adele, The Weeknd and for U2, at the maiden show of The Sphere, Las Vegas’s new 160,000-square-foot dome of LED screen. When no concert screen could impress enough last year, Devlin’s billboard-sized one for Beyoncé delivered like some fulfillment from “2001: A Space Odyssey.” Recessed into the screen’s center, an enormous disc housed strategic elements from the singer’s three-hour video — disco balls, a womb of amniotic fluid, a fembot’s birth canal. Before this ever-changing aperture, Beyoncé emerged between her costume changes, like Christ from the tomb.
Persons: Robert Wilson —, Es Devlin, Adele, Beyoncé Locations: British
Opinion: For the Houthis, war is a way of life
  + stars: | 2024-01-16 | by ( Peter Bergen | ) edition.cnn.com   time to read: +15 min
I think they’re probably ill-advised because I don’t think they’re going to do what they are intended to do. I don’t think they’ll deter the Houthis. This is such an unequal war because the whole character of war has changed. I don’t think it would make the slightest bit of difference whether the US designated them or not. I think they’re on the way to becoming Hezbollah.
Persons: Peter Bergen, CNN —, , Elisabeth Kendall, Kendall, PETER BERGEN, ELISABETH KENDALL, It’s, we’re, Elisabeth Kendall BERGEN,  KENDALL, KENDALL, it’s, they’ve, didn’t, Abdul Malik al, I’m, Mohammed Hamoud, Donald Trump, Joe Biden, Biden, Trump, They’re, don’t, Ali Abdullah Saleh, Saleh Organizations: New, Arizona State University, Apple, Spotify, CNN, US, Girton College, Cambridge University, Islam, Atlantic Council, Iranian Revolutionary Guard, Iranian Revolutionary Guard Corps, UN, Anadolu Agency, Getty, Foreign Terrorist Organization, United Nations, Hezbollah, United Arab Locations: New America, Yemeni, Red, Yemen, Sanaa, Saudi Arabia, Hudaydah, Suez, Iran, Afghanistan, Iraq, Gaza, BERGEN, Israel, Islam, Kingdom of Saudi Arabia, , fragmenting, Washington, America, Beirut, Lebanon, Lebanese, United Arab Emirates
Read previewSeveral cargo ships and tankers in the Red Sea have been broadcasting that their crew is fully Chinese, seemingly hoping the affiliation with Beijing will persuade Yemeni rebels not to attack. Business Insider found at least four other vessels in or close to the Red Sea signaling similar messages on Sunday evening. AdvertisementAnother ship, the bulk carrier Dias, which also flies the Liberian flag and primarily traveled to ports in Ukraine and China last year, signaled "CHINA" while sailing near the Red Sea. Still, several vessels in the Red Sea appear to be taking up al-Houthi's suggestion, broadcasting destinations like "NO CONTACT ISRAEL" or "NO ISRAEL INVOLVED." The spate of Houthi attacks has significantly disrupted international trade and introduced surging costs as major transport companies halted shipping lanes through the Red Sea.
Persons: , it's, Mohammad Ali al, Simon Hearney Organizations: Service, Beijing, Business, Bloomberg, Liberian, Dias, BI, AIS, Ships, GUARD, Human Rights Watch, Drewry, Associated Press Locations: Ukraine, China, CHINA, Gaza, Red, Beijing, Russia, Aden, Gulf, Israel, ISRAEL, Suez, Africa
Qatar Pauses Red Sea Tankers After Western Strikes on Houthis
  + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
In the latest shift by a major firm, state-owned QatarEnergy has held at least four LNG tankers back from the Red Sea, a senior source said, adding that production continues. On Monday, carmaker Suzuki said production would halt at its Esztergom plant in Hungary from Jan. 15-21 as the Red Sea attacks had delayed the arrival of Japanese-made engines. U.S. ally Britain said it had no desire to be involved in a Red Sea conflict but was committed to protecting the right of free navigation. The Al Rekayyat, which was sailing back to Qatar, stopped along its route on Jan. 13 in the Red Sea. "It is a pause to get security advice, if passing (through the) Red Sea remains unsafe we will go via the Cape," the source told Reuters on Monday about QatarEnergy.
Persons: Andrew Mills, Maha, Maha El Dahan, QatarEnergy, carmaker Suzuki, Britain, Grant Shapps, Qatar's Al Ghariya, Al Huwaila, Al, Ras Laffan, Al Rekayyat, Maha El, Emily Chow, Sachin Ravikumar, Chandni Shah, Andrew Cawthorne, Catherine Evans Organizations: Houthi, Reuters, Qatari Locations: Maha El, Maha El Dahan DOHA, WASHINGTON, Yemen, Gaza, Saudi, Israel, The U.S, U.S, Esztergom, Hungary, Ras, Suez, Oman, Jan, Qatar, Red, Europe, Asia, Aden, Djibouti, Davos, Singapore, Doha, London, Bengaluru
That was apparent Monday, when a Houthi missile hit a US-owned cargo ship in the Red Sea, marking what appears to be the first time the militants have successfully struck a US-owned or operated ship. Senior Biden administration officials insist Friday’s operation against the Houthis was successful at its objective: degrading the group’s military capabilities. Houthi fighters and tribesmen stage a rally against the U.S. and the U.K. strikes on Houthi-run military sites near Sanaa, Yemen, on Sunday, Jan. 14, 2024. US officials fear one side will miscalculate, even if none of the major parties – Iran, Israel and the United States – want a wider war. The Suez Canal accounts for 10% to 15% of world trade, which includes oil exports, and for 30% of global container shipping volumes.
Persons: Biden, Israel simmers, John Kirby, Douglas Sims, , Mick Mulroy, Trump, Joe Biden, Organizations: CNN, US, Houthis, Biden, National Security, Pentagon, Joint Staff, New York Times, U.S, AP, United, Analysts, ABC News Locations: Yemen, Red, Sea, Gulf of Aden, Israel, Washington, Iran, Gaza, Africa, Suez, Red Sea, Gen, Sanaa, United States, Aden
War and climate change are the main risks that could threaten aggressive Fed rate cuts, Macquarie said. That's because conflicts in the Middle East and a parched Panama Canal risk creating supply shocks that stoke inflation. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. "War and climate change are becoming the main risk to the view that the Fed cuts aggressively," analysts led by Thierry Wizman wrote in a note on Friday. Such turmoil can end up pinching consumers because the Red Sea is a major shipping artery — the Suez Canal, which connects the Red Sea to the Mediterranean Sea, carries about 12% of global trade.
Persons: Macquarie, Thierry Wizman, Wizman Organizations: Service, Federal Reserve, Fed, Drewry, . Shipping, Maersk, CMA CGA, UK, International Monetary Fund Locations: Panama, Red, Africa, Yemen, Suez
JERUSALEM (AP) — Houthi rebels fired a missile, striking a U.S.-owned ship Monday just off the coast of Yemen in the Gulf of Aden, less than a day after they launched an anti-ship cruise missile toward an American destroyer in the Red Sea. The attack on the Gibraltar Eagle, later claimed by the Houthis, further escalates tensions gripping the Red Sea after American-led strikes on the rebels. Since November, the rebels have repeatedly targeted ships in the Red Sea, saying they were avenging Israel’s offensive in Gaza against Hamas. “The most dangerous thing is what the Americans did in the Red Sea, (it) will harm the security of all maritime navigation,” Nasrallah said. However, U.S. sailors have received combat ribbons for their actions in the Red Sea — something handed out only to those who face active hostilities with an enemy force.
Persons: — Houthi, Yahya Saree, , , Aden “, Arleigh Burke, Joe Biden, Hassan Nasrallah, ” Nasrallah, Biden, It's, Samy Magdy, Lolita C, Bassem, Danica Kirka Organizations: JERUSALEM, Eagle, Hamas, United Kingdom Maritime Trade Operations, Dryad Global, Associated Press, military's Central Command, Command, Eagle Bulk Shipping, New York Stock Exchange, AP, Eagle Bulk, Central Command, U.S . Maritime Administration, Transportation Department Locations: U.S, Yemen, Gulf, Aden, American, Red, Gaza, Suez, Europe, Eagle Gibraltar, Marshall, Stamford , Connecticut, , America, Sea, Hodeida, Iranian, Israel, East, Qatar, Oman, Saudi Arabia, Iran, Saudi, Cairo, Washington, Bassem Mroue, Beirut, London
CNN —For many in Denmark, Queen Margrethe II is the only monarch they’ve ever known. But on Sunday, a new era will get underway when she hands over to her son, Crown Prince Frederik. This means that she will be able to perform duties as head of state when both King Frederik or Crown Prince Christian are not able, such as if they were overseas. King Frederik X will rule alongside his Australian-born and hugely popular wife, Queen Mary – which will undoubtedly delight her proud admirers back home. “The story of Crown Prince Frederik and Crown Princess Mary of Denmark is one Australians have followed closely and hold dear to their hearts,” he said in a statement on Saturday.
Persons: Queen Margrethe II, they’ve, Crown Prince Frederik, King Charles III’s, of, Martin Sylvest Andersen, Frederik, Mary, Christian, Frederik VIII’s Palace, Margrethe, Kongens, Jørgen’s, King Frederik X, Queen Mary, King Frederik, Prince Christian, Frederik’s, Prince Joachim, Princess Benedikte, Mette Frederiksen, Frederik VIII, X, Christiansborg, Sixtus, Mads Claus Rasmussen, Ritzau Scanpix, Trine Villemann, Jens Otto Krag, Margrethe II, , Birgitte Borup, Berlingske, , Danes, King Eric III, Borup, Queen Mary –, Mary Elizabeth Donaldson, Justin Tynan, King, Queen of, Anthony Albanese, Prince Frederik, Crown Princess Mary of, MADS CLAUS RASMUSSEN, Isabella, Vincent, Josephine, Mary’s, she’s Organizations: CNN, Guard, Squadron, State, Danish Royal House, Danish, Getty, , Danes, British Locations: Denmark, Danish, Europe, Christiansborg, Copenhagen, of Denmark, Greenland, Faroe, Amalienborg, Frederiksgade, d’Angleterre, Holmens, Holmen, AFP, Sydney, Hobart , Tasmania, Darling Harbour, Queen of Denmark, Crown Princess Mary of Denmark, Tasmania, Australia
The conflict pits Israeli demands for security in what it has long regarded as a hostile Middle East against Palestinians' unmet aspirations for a state of their own. In 1979, Egypt became the first Arab state to sign a peace treaty with Israel. Two-state solution: An agreement that would create a state for the Palestinians in the West Bank and Gaza Strip alongside Israel. Israel has said a Palestinian state must be demilitarised so as not to threaten its security. Jerusalem: Palestinians want East Jerusalem, which includes the walled Old City's sites sacred to Muslims, Jews and Christians alike, to be the capital of their state.
Persons: David Ben, Gurion, Israel, Yasser Arafat, Yitzhak Rabin, Arafat, Bill Clinton, Ehud Barak, Donald Trump's, Joe Biden's, Trump, Edmund Blair, Timothy Heritage Organizations: United Nations General Assembly, Arab League, West Bank, Palestine Liberation Organization, PLO, Palestinian, European Union, U.S, Israel Locations: Israel, East, Palestine, British, Jerusalem, Jordan, Lebanon, Syria, Gaza, East Jerusalem, Egypt, Israeli, Suez, Golan, Lebanon's Iran, United States, Oslo, Arab, Palestinian, Qatar, Saudi Arabia, Riyadh, U.S
Iran-backed Houthi rebels in Yemen have been launching attacks on shipping in the Red Sea. Here's the history of the Houthi rebels and how they fit into the broader Middle East conflict. The Houthi rebels are based in Yemen and are attacking commercial vessels traveling into the Red Sea. Roberto Scandola/Getty Images; Business Insider illustrationHow could the Houthis' attacks affect the rest of the world? US Secretary of State Antony Blinken told reporters at a press conference this week that the Houthis' attacks on international shipping are "a threat to everyone."
Persons: , Abdul, Malik al, they've, Roberto Scandola, Antony Blinken Organizations: Service, US, Center for Strategic, International Studies, Israel, Hamas, Gazan Health Authority, Business, Prosperity Guardian Locations: Iran, Yemen, Red, Gaza, Saudi Arabia, Israel, America, Hamas, Suez
The US and UK launched military strikes against Houthi rebels in Yemen after repeated warnings. The strikes were in retaliation to Houthi attacks on commercial shipping vessels in the Red Sea. AdvertisementThe US and UK launched strikes against Houthi military targets in Yemen Thursday night. President Joe Biden said he ordered the strikes as a "defensive action" in response to "unprecedented Houthi attacks" on international shipping vessels in vital waterways. Over 100 precision-guided munitions were used on more than 60 Houthi targets in Yemen, US Air Forces Central Commander Lt. Gen. Alex Grynkewich said Thursday.
Persons: , Joe Biden, Alex Grynkewich, Grynkewich Organizations: US, UK, British, Houthi, Service, US Air Forces Central, CNN, Business Locations: Yemen, Red, Iran, Suez, Australia, Bahrain, Canada, Netherlands
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