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☆ The Houthis appear determined to score a hit on the American and European warships in the Red Sea, US envoy says
▼ + stars: | 2024-11-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Houthis appear determined to strike US and allied warships in the Red Sea. The Houthis appear determined to strike American and European warships as part of their ongoing campaign of Red Sea attacks, a senior US State Department official said. The oil tanker MV Sounion on fire in the Red Sea following multiple Houthi attacks. US warships are frequently tasked with intercepting Houthi threats, including attack drones and anti-ship missiles, above the Red Sea and Gulf of Aden. Related storiesUS officials have routinely said that Washington is committed to fending off the Houthi attacks, which have disrupted a key global supply route.

Persons: —, Yemen Tim Lenderking, Lenderking, Pat Ryder, Washington Organizations: US State Department, European Union, US Navy, Pentagon, Houthi Media Center, Galaxy, Houthi Media, AP, US Defense Intelligence Agency Locations: Red, Europe, Yemen, Iranian, Gulf of Aden, Iran, Mandab, Russia, Gulf of Aden ., Africa

☆ Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
▼ + stars: | 2024-10-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum. The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 billion) in 2023 — and local investment was a major driver. "Value meaning hiring, developing the asset management ecosystem, creating new products, bringing in talent, and investing in Saudi capital markets also. Oil prices and the Saudi economy appear to so far have stayed largely unscathed, dropping 4% early Monday after Israel's weekend strike on Iran. A key reason for that may be the rapprochement deal the kingdom signed with Iran, brokered by China, in March 2023.watch now

Persons: Nureldine, it's, Omar Yacoub, Yacoub, Fadi Arbid, Brent, Arbid, Yemen's, Israel Organizations: King Abdulaziz Conference Centre, Future Investment Initiative, Afp, Getty, Investment Initiative, CNBC, U.S, ABS Global, Public Investment Fund, Saudi, Saudi Arabia's, Amwal Capital Partners, OPEC, Eastern, Ritz, Carlton, Israel Locations: Saudi Arabia's, Riyadh, Saudi, Saudi Arabia, —, Dubai, Carlton Riyadh, Gaza, Israel, Lebanon, Iran, Tel Aviv, China

☆ What the rising popularity of Yemeni coffee shops say about third places
▼ + stars: | 2024-10-26 | by ( Ramishah Maruf | Monica Haider | ) edition.cnn.com time to read: +9 min

Times Square will be home to two other chains, MOKAFÉ and Qamaria Yemeni Coffee Co. But Yemeni coffee houses have taken up both those trends and boomed. Where did Yemeni coffee shops come from? We own the coffee farms in Yemen, we grew up with the coffee, we loved coffee,” Alhasbani said. “Several Yemeni entrepreneurs are opening coffee houses of their own, each with its own sort of style and atmosphere.”The coffee chains have big ambitions beyond Dearborn.

Persons: Ahmed, Ahmed Moustafa, Bhavishya, ”, Sally Howell, Howell, ” Ibrahim Alhasbani, “, Ibrahim Alhasbani, Carlos Osorio, ” Alhasbani, Alhasbani, “ There’s, Hovig Tchalian, don’t, ” Howell, Haraz, Yemen it’s, ‘, ” Moustafa Organizations: New, New York CNN, Carmine, Times, Yemeni, Co, University of Michigan – Dearborn, Qahwah, CNN, Entrepreneurship, USC Marshall School of Business, New York City Locations: New York, Detroit, SoHo, Manhattan, Qahwah, Ethiopia, Yemen, Dearborn, Yemen's, Mich, Michigan, Dallas, Dearborn , Michigan, United States, Downtown Dearborn, Canada, Qahwah House’s, Soho, Brooklyn, Queens

☆ Russia gave Yemen's Houthi rebels satellite data so they could attack Red Sea shipping lanes: report
▼ + stars: | 2024-10-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Houthi rebels used Russian satellite tracking data to hit ships in the Red Sea, The Wall Street Journal reported. AdvertisementHouthi rebels in Yemen used satellite data provided by Russia to target and attack commercial ships in the Red Sea, The Wall Street Journal reported. One of the Journal's sources said that the satellite data was transferred to the Houthis via members of the Iranian Revolutionary Guard Corps embedded with the rebels in Yemen. AdvertisementThe Houthis have for months harassed commercial ships in the Red Sea with drones and missiles, for what they say is retaliation against Israel for its bombardment of Gaza. AdvertisementMeanwhile, the US military has rotated multiple aircraft carrier groups to fend off Houthi attacks in the Red Sea, last week striking several targets in Yemen with B-2 Spirit stealth bombers.

Persons: —, Dmitry Peskov Organizations: Street Journal, Iran's Revolutionary Guard Corps, Service, Iranian Revolutionary Guard Corps, Reuters, Russian Foreign Ministry, Kremlin, Business, US Navy, Health, Israel, Drewry Locations: Red, Yemen, Russia, Israel, Iran, Moscow, Gaza

☆ Israel and Hamas are fighting a battle of narratives over Sinwar’s death
▼ + stars: | 2024-10-20 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +9 min

Or perhaps it shows a defiant hero who is staring the enemy in the eye while fighting till the bitter end. When the Israel Defense Forces (IDF) announced the killing of Yahya Sinwar last week, they released several photos and a video showing the Hamas leader during his last moments alive and after his death. Internationally, it is under pressure over the mounting Palestinian death toll and horrific humanitarian situation in the strip. Avichay Adraee, the IDF’s Arabic spokesperson, said the IDF found huge sums of money, food and water in Sinwar’s hideouts. But Siegal said that there was likely another reason for the IDF releasing the video showing Sinwar all alone at the end.

Persons: Yahya Sinwar, Gershon Baskin, Baskin, Gilad Shalit, Netanyahu –, ” Baskin, Benjamin Netanyahu, Saladin, ”, Sinwar, “, Netanyahu, ” Mustafa Barghouti, Shin Bet, –, Mohammed Huwais, ’ Gil Siegal, ” Siegal, Mohammed Deif, Hassan Nasrallah, Avichay Adraee, ” Adraee, Adraee, Shira Efron, he’s, Siegal, CNN’s Nadeen Ebrahim, Abeer Salman, Dana Karni Organizations: Tel, Tel Aviv CNN, Israel Defense Forces, IDF, CNN, Palestinian National Initiative, CIA, Getty, Center for Medical Law, Bioethics, Ono Academic College, ’, Israel Policy, Hamas Locations: Tel Aviv, Israel, backchannels, Gaza, Palestine, Jerusalem, Yemen's, Sanaa, AFP, Sinwar’s hideouts, “

☆ Drone targets Israeli prime minister’s house as strikes in Gaza kill 50
▼ + stars: | 2024-10-19 | by ( ) www.cnbc.com time to read: +5 min

Sirens wailed Saturday morning in Israel, warning of incoming fire from Lebanon, including a drone launched toward Israeli Prime Minister Benjamin Netanyahu's house in Caesarea, the Israeli government said. Meanwhile, in Gaza, more than 50 people, including children, have been killed in several Israeli strikes, in less than 24 hours, according to hospital officials and an Associated Press reporter. Israel's emergency services said a 50-year-old man was killed after being hit by shrapnel while sitting in his car in northern Israel. At Al-Awda hospital in Jabaliya, in northern Gaza, strikes hit the building's top floors, injuring several staff members, the hospital said in a statement. The strikes knocked out internet networks in northern Gaza, said Paltel, the Palestinian communications company, on Facebook Saturday.

Persons: Benjamin Netanyahu, Mike Segar, Benjamin Netanyahu's, Yemen's, Hezbollah —, Iran —, Hassan Nasrallah, Israel, Bint Jbeil, Nasser Rashid, Yahya Sinwar, Iran's, Ayatollah Ali Khamenei, Khamenei, Sinwar's, Netanyahu, Sinwar, Abu Hamza, Paltel Organizations: Israel's, United Nations General Assembly, Reuters, Israel, Israeli, Associated Press, Hezbollah, Hamas, Palestinian Health Ministry, Indonesian, Aqsa Martyrs Hospital, Facebook Locations: U.N, New York, U.S, Israel, Lebanon, Caesarea, Gaza, Ben Gurion, Iran, Bint, Beirut, rearming, Beit Lahiya, Al, Jabaliya, Zawayda, Aqsa, Deir al, Palestinian

☆ Russia weighs fighter jet and missile deals that would expand Iran's military power
▼ + stars: | 2024-10-19 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Advanced air defenses and anti-ship cruise missiles may also be on the table. Iran has ordered Su-35 fighters and also wants S-400 Triumf air defenses to, among other things, face Israel's superior missiles and air force. If all these deals do go forward, they would enhance the military capabilities of Iran and its allied militias. While the type of equipment was not specified, it could be the S-400 Iran has long sought. Iran is seeking Russia's S-400 air defenses.

Persons: —, Su, Justin Bronk, Bronk, Anton Mardasov, hasn't, Mardasov, parry, Israel, Vladimir Putin Organizations: Service, Iran, Technology, Military Sciences, United Kingdom's Royal United Services Institute, The New York Times, Russian Defense Ministry, Anadolu Agency, Getty, Moscow, Iran's Locations: Russia, Iran, Israel, Ukraine, Tehran, East, Syria, Moscow, Saudi Arabia, United States, Russian, Kyiv, Panamanian, Lebanon

☆ Israeli military says it is investigating the possible killing of Hamas leader Yahya Sinwar
▼ + stars: | 2024-10-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The Israeli military on Thursday said it was investigating the "possibility" that Hamas leader Yahya Sinwar was among three militants killed in an operation in the Gaza Strip. The Israeli Defense Forces added that the identity of the three casualties could not be confirmed at this time. "The forces that are operating in the area are continuing to operate with the required caution," it added in a social media post. In a social media update posted after the IDF communication, Israeli Defense Minister Yoav Gallant said, "You will pursue your enemies and they will fall before you by the sword. Sinwar assumed overall command of the Iran-backed Hamas in August, following the assassination of former political chief Ismail Haniyeh.

Persons: Yahya Sinwar, Yoav Gallant, John Kirby, Washington, Sinwar, Ismail Haniyeh, Israel, Benjamin Netanyahu, Houthis, Hassan Nasrallah Organizations: Israeli Defense Forces, CNBC, Israeli, National Security, NBC News, Hezbollah Locations: Gaza, Iran, Israel, Tehran, Lebanese, Beirut, U.S, Asia, Pacific

The terror attack has helped push the Middle East to the brink of a wider regional war. One year after the massacre, the Middle East has only plunged deeper into violence and is on the brink of a broader war. Globally, the immediate concern is that oil supplies will diminish significantly should conflict spill over to the rest of the Middle East. Everyone but Biden can see this," wrote Andrew Exum, a former US deputy assistant secretary of defense for Middle East policy, in The Atlantic last week. The global economy on edgeWhen the conflict began a year ago, there were fears that wider conflict in the Middle East could impact the global economy.

Persons: —, Israel, Chuck Frielich, Frielich, Yemen's Houthi, Mohammed Hamoud, barraged, Ammar Safarjalani, Ismail Haniyeh, Haniyeh, Fuad Shukr, Hasan Nasrallah, Qasem Soleimani, JOSEPH EID, JALAA MAREY, Nasrallah, bode, Benjamin Netanyahu, Carmel Gat, Netanyahu, Joe Biden, Biden, Andrew Exum, Brent, Vladimir Putin Organizations: Service, Israel Defense Forces, Hamas, Iranian Revolutionary Guard Corps, The Washington Institute for Near East, Getty Images Iran, Getty, Israel's, United Nations General Assembly, Citigroup, Iranian, US, Middle, Business, Bank of Israel, Reuters, IMF Locations: Israel, Iran, Gaza, Suez, Aden, Red, Palestine, Syria, Damascus, Xinhua, Tehran, Beirut, Haniyeh, Shukr, Lebanon, AFP, Hezbollah's, United States, Ukraine

☆ Iran's response to Israel will be a choice between revenge and survival. Markets say it's choosing survival
▼ + stars: | 2024-09-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +7 min

Iran's Supreme Leader Ayatollah Ali Khamenei waves before voting in the country's presidential election, in Tehran, Iran July 5, 2024. Iran's generals and its supreme leader Ayatollah Ali Khamenei have pledged revenge, but their actions and language suggest a more measured response so far. "Iran's response options aren't good. on September 16, 2024 in Tehran, Iran. FILE PHOTO: Lebanon's Hezbollah leader Sayyed Hassan Nasrallah gestures as he addresses his supporters during a rare public appearance at an Ashoura ceremony in Beirut's southern suburbs November 3, 2014.

Persons: Ayatollah Ali Khamenei, Hassan Nasrallah, pagers, "⁠, Behnam ben Taleblu, Ismail Haniyeh, Khamenei, Iran's, Masoud Pezeshkian, Majid Saeedi, Pezeshkian, Yemen's, Sina Toossi, Houssam, Toossi, Yoav Gallant, Naim Qassem, Sayyed Hassan Nasrallah, Hasan Shaaban Organizations: Iran's, Reuters, Lebanese, Brent, Foundation for Defense of Democracies, CNBC, Islamic, Getty, Center for International, Anadolu, Israeli, Hamas, Hezbollah Locations: Tehran, Iran, Israel, Beirut, OPEC, Islamic Republic, Red, Lebanon, Iraq, Syria, Yemen, Beirut's

☆ Israel and Hezbollah launch new attacks after deadly day in Lebanon
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +3 min

Smoke billows over southern Lebanon following Israeli strikes, amid ongoing cross-border hostilities between Hezbollah and Israeli forces, as pictured from Marjayoun, near the border with Israel, September 23, 2024. Israel struck Hezbollah targets in southern Lebanon and the Iran-backed group attacked military facilities in northern Israel on Tuesday, increasing fears of a full-blown conflict after Lebanon suffered its deadliest day in decades. Israel's military said it hit dozens of Hezbollah targets overnight, a day after carrying out airstrikes against the armed group which Lebanese authorities said killed nearly 500 people and sent tens of thousands fleeing for safety. Hezbollah said it targeted several Israeli military targets overnight including an explosives factory 60 km (37 miles) into Israel, which it attacked with Fadi rockets around 4 a.m. (0100 GMT). It said it also attacked the Megiddo airfield near the northern Israeli town of Afula three separate times overnight.

Persons: Israel, Najib Mikati's, Israel's, Yemen's Houthis Organizations: Fadi, United Nations General, UN, Assembly Locations: Lebanon, Marjayoun, Israel, Iran, Megiddo, Afula, Gaza, New York, U.S, Iraq, Beirut, fester

☆ JPMorgan CEO Jamie Dimon warns 'geopolitics is getting worse'
▼ + stars: | 2024-09-24 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. A year after Jamie Dimon named geopolitics as the world's biggest risk, JPMorgan Chase's CEO sounded the alarm again, warning that the state of global stability has gotten worse. During his visit to India, Dimon said in an exclusive interview with CNBC-TV18 released Tuesday: "My caution is all geopolitics, which may determine the state of the economy." "Geopolitics is getting worse, they are not getting better. The interview came almost a year after Dimon had called geopolitics, after Russia's invasion in Ukraine, the biggest risk that he sees facing the world, larger than high inflation or a U.S. recession.

Persons: Jamie Dimon, Dimon, Yemen's, I'm Organizations: JPMorgan Chase & Co, Economic, of New, JPMorgan, CNBC, TV18, ., Federal Reserve, Traders Locations: of New York, Manhattan, New York City, U.S, India, Red, Ukraine, Russia

☆ The US Navy is planning for possible war by 2027, when China expects it will be ready to invade Taiwan, US admiral says
▼ + stars: | 2024-09-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.

Persons: —, Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine

☆ Houthi rebels say they struck Israel with a 'new hypersonic ballistic missile' that flew more than 1,200 miles in just over 11 minutes
▼ + stars: | 2024-09-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The Houthi rebels said they had struck Israel with a hypersonic ballistic missile. They said the missile flew more than 1,200 miles in just over 11 minutes. Go to newsletter preferences Thanks for signing up! AdvertisementYemen's Houthi rebels have said that the militant group struck Israel using a "new hypersonic ballistic missile." The Israel Defense Forces said that it had identified a surface-to-surface missile fired from Yemen over central Israel.

Persons: —, Yemen's, Yahya Sarea Organizations: Service, Israel Defense Forces, Business Locations: Israel, Yemen

☆ Fires observed on board Greek-flagged tanker in Red Sea, says maritime agency
▼ + stars: | 2024-08-24 | by ( ) www.cnbc.com time to read: +2 min

The Houthis first damaged the tanker on Wednesday with repeated attacks that caused a fire and a loss of engine power. Three fires blazed on a Greek-flagged oil tanker in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday, one day after rescuers evacuated its crew in the wake of an assault by Yemeni Houthi militants . Later in the day, the Houthis posted a video on social media that purportedly showed them setting the tanker on fire. The damaged tanker, carrying 150,000 metric tons of crude oil, poses an environmental hazard, the EU's Red Sea naval mission Aspides said. The Sounion was the third vessel operated by Athens-based Delta Tankers to come under Houthi attack this month.

Persons: UKMTO, Aspides, Yahya Saree Organizations: United Kingdom Maritime Trade Operations, Authority, International Tanker Owners Pollution Federation, Delta Locations: Yemen, Eritrea, Iran, Israel, Gaza, Red, Yemeni, Djibouti, Caribbean, Tobago, Athens, Palestine

☆ A second Iranian attack on Israel would likely dwarf its first
▼ + stars: | 2024-08-06 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

Read previewIran has repeatedly vowed it will attack Israel in response to the assassination of Hamas' political leader in Tehran on July 31. Iran directly attacked Israel for the first time in April, two weeks after Israel assassinated Iranian paramilitary commanders at an Iranian consulate annex in Damascus, Syria. AdvertisementHow Israel would retaliate for any Iranian attack would likely depend on certain factors. "If the coming Iranian attack causes Israeli casualties, they are likely to want to respond harshly," Azizi said. Devine believes Israel's response will depend on the "amount of damage and casualties" any Iranian attack ultimately causes.

Persons: —, Israel, Israel's, Fuad Shukr, Ismail Haniyeh, Antony Blinken, Arash Azizi, Azizi, what's, James Devine, Mount Allison University, Devine, MENAHEM KAHANA, Marwan Naamani, Ain, Washington Institute's Nadimi Organizations: Service, Business, Sunday, Clemson University, Iran's, National Security Council, Department of Politics, Relations, Mount Allison, Getty, Washington Institute for Near East, Tel, Hezbollah, Ain al Asad, IDF, Washington Locations: Iran, Tehran, Lebanon, Beirut, Israel, Iranian, Damascus, Syria, Britain, France, Jordan, Iraq's, Karbala, US, AFP, Yemen, Iraq, Tel Aviv, Lebanese, Ain al

UNESCO's World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its "World Heritage" and "World Heritage In Danger" lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery's value and need for protection, according to UNESCO. The Committee inscribed the monastery — one of the oldest sites in the Middle East, according to UNESCO — to both lists using an emergency procedure set forth in the World Heritage Convention. Use of the emergency procedureSimultaneous inscriptions to UNESCO's World Heritage and its "In Danger" lists are rather common, a UNESCO spokesperson told CNBC. Use of UNESCO's emergency procedure fast-tracked Saint Hilarion Monastery/Tell Umm Amer's inclusion onto its World Heritage Lists, a procedure which normally takes at least two years.

Persons: Umm Amer —, Hilarion, Umm Amer, Mohammed Abed, Biden Organizations: Heritage, World Heritage, UNESCO, UNESCO —, Heritage Convention, CNBC Travel, Getty, State Party, United States, CNBC, Workers Locations: Gaza, Hilarion, New Delhi, India, Israel, United States, Palestine, United, Riyadh, Saudi Arabia, Odesa, Saba, Saint Hilarion

☆ U.S. crude oil breaks $78 per barrel as fears of war between Iran and Israel grow
▼ + stars: | 2024-08-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the assassination of a Hamas leader in Tehran. Iran Supreme Ayatollah Ali Khamenei has ordered a direct strike on Israel in response to the assassination of Hamas political leader Ismail Haniyeh, three Iranian officials told the New York Times. Khamenei ordered the direct strike at an emergency meeting of Iran's national security council Wednesday morning after Haniyeh was killed, the officials told The Times. Iran and Israel traded direct strikes in April, pushing oil prices to the highest point of the year, but they enemies ultimately pulled back from a full-scale war. The rising tensions come as an OPEC+ committee is meeting Thursday to review members' production quotas.

Persons: Ali Khamenei, Ismail Haniyeh, Haniyeh, Khamenei, Yemen's, Helima Croft, Croft Organizations: New York Times . West Texas, Times, Reuters, RBC Capital Markets Locations: Israel, Iran, Tehran, Iraq, Gaza

☆ A deadly Houthi attack on Tel Aviv is forcing Israel to rethink its drone defenses
▼ + stars: | 2024-07-31 | by ( Paul Iddon | ) www.businessinsider.com time to read: +12 min

Read previewThe Houthis' unprecedented July 19 drone attack against Tel Aviv from Yemen caught Israelis by surprise, piercing the country's battle-tested defenses and exposing vulnerabilities that the Yemen-based rebels were ready and willing to exploit. "This confirms that technology alone, even for one of the most advanced air defense systems in the world, is not enough to provide effective protection," Borsari said. "Firstly, the advanced Houthi drone was launched for the first time, following an atypical flight path that likely caught the Israelis off guard," Khoueiry told BI. Houthi Media Center via Getty Images'A more cunning approach'Following the deadly attack, the Israeli military promptly increased air patrols to protect Israeli airspace. "This means integrating low-tier air defense capabilities at scale, combining different types of effectors with an eye on cost-effectiveness," Borsari said.

Persons: —, Federico Borsari, Israel, Samad, Borsari, Freddy Khoueiry, RANE, Khoueiry, Yemen's, Sebastien Roblin, Roblin, harry IDF, CEPA's Borsari, Dome's Tamir, Tamir, RANE's Khoueiry Organizations: Service, Tel, Center for, Business, Eritrean, Technology, Houthi Media, Getty, Hodeidah, Red Sea, BI, Jordanian, US Navy, Navy Locations: Tel Aviv, Yemen, Red, Israel, Jordan, Egypt, Saudi Arabia, East, North Africa, Eilat, Iran, Gulf of Aden, Gaza, Eritrea, Sudan, Saudi

☆ Brent tops $80 per barrel as oil analyst flags ‘phase of deterioration’ in the Middle East
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran's claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September expiry were trading at $80.32 per barrel at 09:45 a.m. London time, up by 2.15% from the Tuesday close price. Oil gained ground amid exacerbated hostilities in the oil-rich Middle East region, where Israel has been fighting Iran-backed Palestinian militant group Hamas since the latter's terror attack in October. The Jewish state's decision to carry out a retaliatory campaign in the Gaza Strip has since broadened the conflict, with Israel trading fire with other Iran-supported factions, such as Lebanon's Hezbollah and Yemen's Houthi. "But now we're moving into a phase of deterioration into the Middle East that we believe is going to capture oil traders' attention and get them to return some material risk premium into the price of Brent.

Persons: Brent, Ismail Haniyeh, Ice Brent, Yemen's, Israel, Ayatollah Ali Khamenei, Clay Seigle, Emily Tan Organizations: Ice, Hamas, Revolutionary Guard, Republic News Agency, CNBC, Israeli Ministry of Foreign Affairs, Minister's Office, Rapidan Energy Group Locations: London, Israel, Iran, Gaza, Tehran, Iran's, Ukraine, Brent

☆ Israeli jets strike Houthi targets in Yemen after Tel Aviv attack
▼ + stars: | 2024-07-21 | by ( ) www.cnbc.com time to read: +2 min

A giant fire erupts at an oil storage facility following Israeli strikes in Yemen's Houthi-held port city of Hodeida on July 20, 2024. Israeli warplanes struck the Houthi-controlled Yemeni port of Hodeida on July 20, a day after a drone attack by the Houthi rebels killed a civilian in Tel Aviv, both sides said. Israeli fighter jets struck Houthi military targets near Yemen's Hodeidah port on Saturday, killing at least three people and wounding 87, a day after a drone launched by the Iranian-backed group hit Israeli economic hub Tel Aviv. Houthi military spokesperson Yahya Saree said the Houthis "will not hesitate to strike vital targets of the Israeli enemy." On Friday, a long-range Iranian-made drone launched from Yemen hit the center of Tel Aviv in an attack claimed by the Houthis, killing one man and wounding four others.

Persons: Yemen's, Israel, Yahya Saree, Yoav Gallant Organizations: Reuters, Political, Hamas, Israeli Locations: Yemen's, Hodeida, Tel Aviv, Israeli, Iranian, Iran, Israel, Yemen, Gaza, Hodeidah

☆ Russia may arm Houthi rebels with advanced anti-ship missiles, report says
▼ + stars: | 2024-07-20 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Russia is debating arming Yemen's Houthi rebels with anti-ship missiles, US intelligence has said. It likely comes in response to Biden approving Ukraine's use of US weapons on Russian soil. AdvertisementRussia is weighing arming Yemen's Houthi rebels with advanced anti-ship missiles, US intelligence agencies have warned, according to The Wall Street Journal. The move is likely in response to Biden quietly green-lighting Ukraine's use of US-supplied weapons on Russian territory, per the report. Last month, Middle East Eye reported that Saudi Arabia had already talked Russia out of providing anti-ship cruise missiles to the Houthis.

Persons: Yemen's, Biden, — Organizations: Service, Wall Street, Eye, Business Locations: Russia, Saudi Arabia, Moscow

☆ The next front in U.S.-China tech battle? Underwater cables that power the global internet
▼ + stars: | 2024-07-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Subsea cables are the backbone of the internet, carrying 99% of the world's data traffic. What are subsea cables? Subsea cables are the backbone of the global internet, carrying 99% of the world's intercontinental data traffic. More recently, U.S. tech giants including Meta, Google, Microsoft, and Amazon have invested significant sums to lay down their own cables. Many international subsea cable projects are reportedly circumventing China today due to concerns over data security and Beijing's expanding geopolitical influence.

Persons: TeleGeometry, Andy Champagne, Joe Vaccaro, Vaccaro Organizations: Photodisc, Getty, Yemen's, U.S, Asia America Gateway, Akamai Labs, CNBC, Cisco, Meta, Google, Microsoft, Amazon, U.S ., Echo, State Department, Wall Street, Submarine Systems, Team Telecom Locations: Yemen's Iran, China, Ireland, Asia, U.S, U.S . West Coast, Singapore, Indonesia, Africa, Europe, Pacific, Estonia, Hong Kong

☆ The Houthis are getting smarter with their Red Sea attacks, and the ships sailing these waters are paying the price
▼ + stars: | 2024-06-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

'A useful disguise' for the HouthisBetween December and March, Houthi attacks damaged at least 19 commercial ships, according to a June 13 report published by the Defense Intelligence Agency. US Central Command via AP, FileThe following weeks saw a decrease in the pace of successful Houthi attacks. AdvertisementYemen's Houthi group released a video showing an explosive-laden drone boat target a commercial vessel earlier this month. AdvertisementDouble taps and drone boatsBeyond the recent double-tap strikes, the Houthis' ability to learn from past attacks is visible in their drone boat operations. In this photo released by the French military, the MV Tutor sinks in the Red Sea after it was struck by a Houthi drone boat.

Persons: —, Archer Macy, Behshad, Houthis, Brian Carter, Ambrey, Carter, they're, des, they'll, Macy, they've, Alex Stark, John Kirby, Kirby, Yemen —, Dwight D, Theodore Roosevelt Carrier, Stark Organizations: Service, Business, US Navy, Defense Intelligence Agency, US military's Central Command, US, Command, AP, Military Times, American Enterprise, Houthi Media, Getty, des Armées, AP Experts, Center for Strategic, Studies ' Missile Defense, RAND Corporation, National Security, Eisenhower, Eisenhower Carrier Strike, Theodore Roosevelt Carrier Strike Group Locations: Gulf of Aden, Iran, Iranian, Yemen, Tehran, Israel, Gulf, Aden, Ukraine, Russian, Red, France, Sanaa

☆ Houthi rebels say they've fired a new 'homemade hypersonic missile,' posting footage of its launch at a civilian ship
▼ + stars: | 2024-06-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewYemen's Houthi rebel group said on Wednesday that it targeted a Liberian-flagged ship in the Arabian Sea with a "homemade hypersonic missile," saying it unveiled the weapon for the first time. Houthis posted footage of the missileHouthi-linked channels posted footage of the purported launch, calling the missile the "Hatem-2" or "Hadim-2." AFP via Getty ImagesIs the 'Hatem-2' really a homemade hypersonic missile? Notably, Yemen's latest launch occurred as the USS Dwight D. Eisenhower Carrier Strike Group left the region on Saturday after defending the area for about eight months. It is due to be replaced by the USS Theodore Roosevelt Carrier Strike Group.

Persons: —, Yahya Sare'e, Sare'e, MSC Sarah V, Houthis, Hatem, SARAH V, Saddam Hussein's, Yemen's, Dwight D, Theodore Roosevelt Carrier, Roosevelt Organizations: Service, Liberian, Business, MSC, Kingdom Maritime Trade Operations, British Royal Navy, Yemeni Military Industrialization Corporation, United Nations, AFP, Getty, Tel Aviv . Naval, US, Eisenhower Carrier Strike Group, Theodore Roosevelt Carrier Strike Locations: Greek, Israel, Abu Dhabi, Persian, Iran, Tehran, Saddam Hussein's Iraq, China, Palestine, Red, Gaza, Tel Aviv, Yemen, South Korea

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