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"The markets will also be following what the scenarios are looking like," he said, and whether, after decades of instability in the Middle East, this outbreak of violence evolves differently. "The question will be is this iteration something that will throw the long-term equilibrium out of balance?" "The conflict poses a risk of higher oil prices, and risks to both inflation and the growth outlook," said Karim Basta, chief economist at III Capital Management, leaving the Fed to sort out whether higher prices or slower growth is the greater concern. To the extent the Israeli war with Hamas heightens concerns about the global economy it could reverse that trend if capital rushes towards the relative safety of U.S. Treasury bonds, as often happens at times of potential crisis. Reporting by Howard Schneider and Ann Saphir; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Ronen, It’s, Agustin Carstens, Carl Tannenbaum, Karim Basta, Howard Schneider, Ann Saphir, Andrea Ricci Organizations: REUTERS, Rights, Bank for International, National Association for Business Economics, Federal Reserve, Northern Trust, International Monetary Fund, World Bank, III Capital Management, Fed, Treasury, Thomson Locations: Gaza, Sderot, Israel, Ukraine, U.S, Morocco, Iran, Saudi Arabia, Gulf, Suez

☆ How 1880s technology made it possible for 2 women to travel around the world in under 80 days
▼ + stars: | 2023-10-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +19 min

In 1889, journalist Nellie Bly set off on a trip around the world, trying to make it under 80 days. "You see a huge emphasis being placed on building ships that were ever faster than the previous generation of ships," Goodman said. Once aboard the train, Bly began to receive telegrams from her editors and well-wishers. "Sometimes it literally literally just says, 'Nelly Bly's train,'" Behn said. For Behn, what Bly and Bisland did remains incredible and deserve to be remembered as much as Verne's story.

Persons: Nellie Bly, Elizabeth Bisland, —, Jules Verne's, Bly, Bisland, Adrien Behn, Matthew Goodman, Elizabeth Bisland's, Victoria, Augusta Victoria, Henry Guttmann, seasickness, Behn, San Francisco —, Bettmann, Goodman, John Mix Stanley, Said, Getty Images Bly, they'd, Alfred Touchemolin's, voyaged, She'd, James Buchanan, Joseph Pulitzer's, Nelly Bly's, Jules Verne, Thomas Cook, Fogg, Nelly, she'd Organizations: Service, Cosmopolitan, Atlantic, Hulton, Western, Central Pacific, Union Pacific, Union Pacific's Overland, Rockies, Railroad, US, Ships, Suez, Getty Images, Workers, SSPL, Headquarters, Thomas Cook &, Companies Locations: London, New Jersey, New York, California, Blackwell's, of, New York Harbor, Chicago, Omaha, Utah, San, Salt, Union, Iowa, San Francisco, Midwest, Between Nebraska, Sacramento , California, Sierra Nevada, Lake Jessie , North Dakota, Washington ,, Philadelphia, Suez, Europe, Asia, Africa, Britain, India, Port Said, Egypt, Yemen, commonwealths, British, Aden, Colombo, Penang, Hong Kong, Singapore, Ceylon, Yokohama, France, Germany, America, South China, Nevada, Russian Empire, East, North America, London's, Italy, Ireland, United States, Japan, China

☆ Panama Canal slashes the number of ships allowed through — drought means there isn't enough water in the channel
▼ + stars: | 2023-10-02 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The Panama Canal Authority has further restricted the number of boats that can cross per day. Traffic restrictions in August caused a backlog of hundreds of ships waiting to cross. AdvertisementAdvertisementThe Panama Canal Authority further reduced the number of boats that can transit through the strategic waterway, which has been hit by an intense drought. Unlike the Suez Canal, which relies on seawater, the Panama Canal uses freshwater from an artificial lake to supply its waterway. AdvertisementAdvertisementBecause of this, the canal authority has had to ration the transit through the Panama Canal locks, per the AP.

Persons: —, Avance Gas, Ricaurte Vásquez Morales, Vásquez, France24 Organizations: Panama Canal Authority, Service, Avance, French Locations: Panama, Suez, France

☆ Huge fire erupts at police premises in Egypt's Ismailia
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Oct 2 (Reuters) - A huge fire erupted at a police facility in the Egyptian Suez Canal city of Ismailia early Monday, according to witnesses and local media. Unverified videos posted on social media showed the city's security directorate engulfed in flames. Two witnesses told Reuters fire engines were sent to the scene but appeared to be struggling to contain the blaze. The cause for the blaze was not immediately known. Reporting by Hatem Maher and Yusri Mohamed; Editing by Muralikumar Anantharaman and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Hatem Maher, Yusri Mohamed, Muralikumar Anantharaman Organizations: Local, Thomson Locations: CAIRO, Egyptian Suez Canal, Ismailia

☆ France's Eramet and Suez pick Dunkirk for EV battery recycling
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsPARIS, Sept 22 (Reuters) - Eramet (ERMT.PA) and Suez have chosen Dunkirk as the location for a planned electric vehicle (EV) battery recycling facility as the partners look to tap into a battery production belt being developed around the northern French port, they said on Friday. A pilot plant to test the refining process is about to be launched at Eramet's research centre near Paris, they added. Several gigafactories are due to produce batteries in the Dunkirk area as the French government encourages the emergence of a "battery valley" to support EV manufacturing. Eramet and Suez's battery dismantling plant will have a processing capacity of 50,000 tons of battery modules per year, the equivalent of 200,000 EV batteries, they said.

Persons: Phil Noble, Eramet, Gus Trompiz, Jan Harvey Organizations: REUTERS, Rights, Suez, European Union, BPI, Thomson Locations: Manchester, Britain, Dunkirk, Suez, French, Paris, Argentina

☆ 'We're not going anywhere.' David's Bridal's CEO reveals what's next for the company after its second bankruptcy.
▼ + stars: | 2023-09-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +11 min

David's Bridal filed for bankruptcy in April and was sold in July to Cion Investment Corp.CEO Jim Marcum is optimistic about David's Bridal's future. David's Bridal filed for bankruptcy in April , the second time in five years. Jim Marcum became the CEO of David's Bridal in 2019. There's been a lot going on with David's Bridal recently. David's Bridal dresses range from $199 to $2,000, Marcum said.

Persons: David's, Jim Marcum, Marcum, that's, Jennifer Ortakales Dawkins, There's, We've, it's, They'd, we've, That's, Randy Brooke, David Bridal, I've, Spencer Platt, Pearl, there's, didn't, they've, We're Organizations: Cion Investment Corp, Service, Signet Jewelers, David's, Walmart Locations: Wall, Silicon, Suez, Baltimore, United States, America

☆ Opinion | A Saudi-Israel Deal Would Bring Big Benefits — to the U.S.
▼ + stars: | 2023-09-11 | by ( Hussein Ibish | ) www.nytimes.com time to read: +1 min

Yet neither Saudi Arabia nor Israel appears to be showing much urgency in getting the deal done, while the Biden administration has made it a clear priority. The main advantage the triangular deal offers the United States is a tightened grip over three vitally important waterways around the Arabian Peninsula: the Strait of Hormuz, the Suez Canal and the Bab el-Mandeb Strait. The Suez Canal, which links the Red and Mediterranean Seas and connects Asia, Africa and Europe, is just as significant. At the other end of the Red Sea, a third key passageway, the Bab el-Mandeb Strait, controls the entrance into the Red Sea leading to the Suez Canal and is similarly significant to global trade. It’s no accident that the only overseas Chinese military base is in Djibouti, just 68 miles from Bab el-Mandeb, or that Beijing invested billions of dollars in that country.

Persons: Biden, Bab Organizations: Beijing Locations: Saudi Arabia, Israel, Washington, United States, Hormuz, Suez, Mandeb, China, Asia, Africa, Europe, Djibouti, Bab el

☆ US seizes nearly 1 million barrels of Iranian oil allegedly bound for China
▼ + stars: | 2023-09-09 | by ( Lauren Koenig | ) edition.cnn.com time to read: +1 min

CNN —The US government seized nearly 1 million barrels of Iranian crude oil allegedly bound for China, according to newly unsealed court documents and a statement released by the Department of Justice on Friday. “This is the first-ever criminal resolution involving a company that violated sanctions by facilitating the illicit sale and transport of Iranian oil,” according to the DOJ. The Islamic Revolutionary Guard Corps, a US-designated foreign terrorist organization, allegedly shipped more than 980,000 barrels of oil, the press release stated. The IRCG was fined almost $2.5 million and was sentenced to three years of corporate probation. CNN has reached out to Empire Navigation for comment.

Persons: Iran’s IRGC, Force ”, ” Organizations: CNN, Department of Justice, DOJ, Islamic Revolutionary Guard Corps, Force, Emergency Economic, Suez Rajan, Navigation Locations: China, Suez, United States

The United States government has seized nearly one million barrels of Iranian crude oil that it says was being smuggled to China in violation of U.S. sanctions against Iran, after it raised the threat of prosecution to get the tanker brought to American waters, newly unsealed court papers show. The seizure of the oil from the vessel, the M/T Suez Rajan, is part of a larger and shadowy conflict with Iran. After the tanker began to steam toward the United States last spring, Iran’s Revolutionary Guards Corps seized two oil tankers in the Strait of Hormuz, prompting the U.S. military to increase patrols and deploy additional assets to protect shipping lanes. In July, Iranian state news media said the Guards’ navy commander had warned that Tehran would hold Washington responsible if the tanker’s oil was unloaded, without giving further details. On Wednesday, a high-ranking Israeli defense official, speaking on condition of anonymity, said that the seizure raised new fears that Iran could hijack more tankers in an effort to deter the United States from repeating the move.

Persons: Suez Rajan Organizations: United, Iran, Revolutionary Guards Corps, U.S, Guards Locations: United States, China, Iran, Strait, Hormuz, Tehran, Washington

DUBAI, United Arab Emirates (AP) — A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, U.S. federal court papers seen Thursday by The Associated Press show. In July, the top commander of the Revolutionary Guard’s naval arm threatened further action against anyone offloading the Suez Rajan, with state media linking the recent seizures to the cargo’s fate. In its 2015 nuclear deal with world powers, Iran regained the ability to sell oil openly on the international market. It also began a cat-and-mouse hunt for Iranian oil cargo — as well as series of escalating attacks attributed to Iran since 2019. China is believed to be a major buyer of Iranian oil, likely at a significant discount.

Persons: shipper, Tourkantonis, Mark Wallace, George W, Bush, “, ” Wallace, Biden, Suez Rajan, Donald Trump Organizations: United Arab Emirates, Associated Press, Navigation, U.S, Nuclear, Empire, United Nations, Nuclear Iran, AP, Suez, Chevron Corp, Revolutionary, Embassy, U.S . Navy, Iranian, “ Locations: DUBAI, United Arab, Suez, Islamic Republic, Tehran, Washington, South Korea, Iran, U.S, Nuclear Iran, Persian, South, Singapore, Mexico, Houston , Texas, Athens, Greece, Gulf of Mexico, America, Hormuz, Swiss, Switzerland, Bataan, Strait, Gulf of Oman, China

☆ A severe drought is affecting the Panama Canal. That’s not a good sign for supply chains — or your holiday shopping
▼ + stars: | 2023-08-26 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

Just this week, the Panama Canal Authority extended those restrictions for at least another 10 months. Next shoe to dropBut from a transportation standpoint beyond Panama, the next shoe to drop could be the Mississippi River, Davis said. During the past 30 days, rainfall along the southern Mississippi River has been well below normal. And when you have two disruptions versus just one, that is magnified overall.”Holiday shopping hang-upsFor now, general waiting times have spiked at the Panama Canal. Supply chain shiftsHad this occurred before the pandemic lockdowns and the drastic swings in consumer spending patterns that mangled supply chains, it might have been a different story.

Persons: sandstorm, ”, Janelle Griffith, Marsh, Jon Davis, El, “, Davis, Evelyn Hockstein, Everstream, Ahmad Hassan, hasn’t, “ We’ve, ” Phillip Sanfield, Amanda Kwan, hadn’t, ” Kwan, plumb, Taylor Swift, Kamala Raman, you’ve, Peter Sand, Sand Organizations: Minneapolis CNN —, Panama Canal Authority, Getty, CNN, Port, Port Authority of New, National Retail Federation Locations: Minneapolis, Minneapolis CNN — Panama, Panama, Mississippi, Suez, North American, El, Central America, Grand Tower , Illinois, New Orleans, United States, Europe, Egyptian, Ismailiya, AFP, Panama Canal, Los Angeles, Port of Los Angeles, New York, Port Authority of New York, New Jersey, “

☆ Two tankers collide briefly in Suez Canal
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Aug 23 (Reuters) - Two tankers, the Singapore-flagged BW Lesmes and Cayman Islands-flagged Burri, briefly collided in Egypt's Suez Canal, ship tracking company Marine Traffic said early Wednesday, citing eyewitnesses. The shipping tracker showed the BW Lesmes, which carries LNG, stopped and pointing north, and Burri, an oil products tanker, moored and pointing south about 19 km from the southern end of the canal at 2:55 a.m.(2355 GMT). A time lapse shared by Marine Traffic showed Burri turning sideways and colliding with an already sideways BW Lesmes at 2040 GMT before backing up and pointing straight. There was no immediate confirmation from the Suez Canal Authority. Approximately 12% of the world's trade moves through the canal.

Persons: Said, Muhammad Al Gebaly, Nafisa Eltahir, Yusri Mohamed, Enas Alashray, Jacqueline Wong, Cynthia Osterman Organizations: Traffic, Marine, Authority, Thomson Locations: CAIRO, Singapore, Cayman Islands, Suez

☆ Suez Canal ship traffic unaffected after tanker collision
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] A view of the BW Lesmes tanker at Freeport, Texas, U.S., August 3, 2023, in this picture obtained by Reuters. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided in the canal, ship tracking company MarineTraffic said early on Wednesday citing eyewitnesses. As of 5 a.m. (0200 GMT), the BW Lesmes was facing north but being towed to the south by two tugboats, according to ship tracking data on Refinitiv Eikon. A person who answered the phone at the Suez Canal Authority's operations room when contacted by Reuters said he could not provide any information on the tankers. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia.

Persons: Glenn Travis, MarineTraffic, Osama Rabie, Yusri Mohamed, Muhammad Al Gebaly, Nafisa, Enas Alashray, Florence Tan, Cynthia Osterman Organizations: BW, Reuters, REUTERS Acquire, Rights, Shipping, BW Group, TMS, Thomson Locations: Freeport , Texas, U.S, Rights CAIRO, Singapore, Cayman, Suez, Europe, Asia

☆ More than 200 ships are in a traffic jam outside the Panama Canal, showing we can't get through a year without big boats getting stuck
▼ + stars: | 2023-08-22 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

More than 200 ships are stuck in a traffic jam outside the Panama Canal. Over 200 ships are currently stuck in a major traffic jam on either side of the Panama Canal, with some ships trapped for more than three weeks waiting to get through, according to data from project44 reviewed by Insider. The ships are stuck due to an unprecedented drought taking hold in Panama right now, the Wall Street Journal reported. The traffic jam is causing a slowdown in consumer goods delivery and is already stoking concerns over the holiday supply chain. But the stuck ships should come as no surprise; it's the third year in a row that the world has marveled at an unfortunate logjam of maritime traffic.

Persons: Alix Partners, Alix Organizations: Wall Street Journal, Panama Canal Authority, Alix Partners, Authorities Locations: Panama, Suez, Chesapeake

☆ Major shipping routes are struggling with water shortages. El Niño could make it worse
▼ + stars: | 2023-08-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

A ship navigates the Panama Canal in the area of the Americas' Bridge in Panama City on June 12, 2023. Luis Acosta | Afp | Getty ImagesAn increasing number of climate-driven extreme weather events is taking its toll on the world's major shipping routes — and El Niño could make matters worse. In drought-stricken Panama, low water levels have prompted the Central American country to reduce the number of vessels that pass through the critically important Panama Canal. The Panama Canal Authority, which manages the waterway, said earlier this month that the measures were necessary because of "unprecedented challenges." "Right now, we do not see that filling up of the water levels that a normal year would bring around.

Persons: Luis Acosta, El Niño, El, Peter Sands, Sands, Lars Ostergaard Nielsen, Moller, Balint Porneczi, Nielsen Organizations: Afp, Getty, Central, Atlantic, Panama Canal Authority, CNBC, Analysts, Planet Labs PBC, El, Maersk, Bloomberg, Palatinate . Locations: Panama, Panama City, Central American, Suez, Europe, Asia, Pacific, Germany, Rotterdam, Bacharach, Rhineland, Palatinate, Frankfurt

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File PhotoPANAMA CITY, Aug 10 (Reuters) - The drought-hit Panama Canal has temporarily limited the number of new reserved passage slots to help ease a bottleneck of ships that are waiting to transit without reservations, the waterway's authority said on Thursday. The canal, however, in June postponed further restrictions that would have required ships to lighten their loads to more easily pass. The bottleneck of vessels waiting to pass, however, has grown, prompting logistics and supply chain experts to predict more disruptions. Still, the bottleneck will not fall as hard on shippers as pandemic-era mishaps, including the Suez Canal blockage in 2021, according to shipping firms and customers.

Persons: Aris Martinez, Ricaurte Vasquez, Anatol Feygin, Rolf Habben Jansen, Lloyd, Elida Moreno, Marianna Parraga, Lisa Baertlein, Marguerita Choy Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Reuters, El, El Nino, Walmart, Cheniere Energy, Thomson Locations: Cocoli, Panama, Panama City, China, El, Suez

☆ Suez Canal tugboat sinks after collision with tanker
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

An aerial view of the Gulf of Suez and the Suez Canal are pictured through the window of an airplane on a flight between Cairo and Doha, Egypt, November 27, 2021. REUTERS/Amr Abdallah Dalsh/File PhotoCAIRO, Aug 5 (Reuters) - A Suez Canal tugboat has sunk after colliding with a Hong Kong-flagged LPG tanker in the strategically important waterway, the Suez Canal Authority said on Saturday, without specifying whether there was any disruption to shipping traffic. "The tanker is currently waiting in Port Said until the completion of the procedures related to the accident," Rabie said. The tanker is 230 meters long and 36 meters wide and carries a cargo of 52,000 tons of LPG. Reporting by Yousri Mohammed; Writing by Hatem Maher; Editing by Angus MacSwan and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Amr Abdallah Dalsh, Fahd, Osama Rabie, Rabie, Yousri Mohammed, Hatem Maher, Angus MacSwan, David Holmes Organizations: REUTERS, Suez Canal Authority, Thomson Locations: Gulf, Suez, Cairo, Doha, Egypt, CAIRO, Hong Kong, Singapore, United States, Port Said

☆ Man who visited every country without flying has finally returned home
▼ + stars: | 2023-08-02 | by ( Kate Springer | ) edition.cnn.com time to read: +14 min

After nearly ten years of travel, Pedersen successfully visited his 203rd and final country, the Maldives, and began his long-awaited voyage back to Denmark. In early 2020, the intrepid traveler suddenly found himself stuck in Hong Kong for two years with just nine countries left. “I look back at Hong Kong, and it’s a bit of a paradox. Next came a 16-day journey back to Hong Kong, where he returned to hotel quarantine for another two weeks. Pedersen in Hong Kong, where he spent an unexpected two years during the pandemic.

Persons: Torbjørn, Thor ” Pedersen, Pedersen, He’d, ” Pedersen, ”, “, Le, I’ve, He’s, ‘, ’ ”, Maxime Champigneulle, Gunnar Garfors, it’s, It’s, you’ve, he’s, “ There’s, Mike Douglas Organizations: CNN, CNN Travel, Maersk, “, Port, Le, UN, Danish, Hong, Denmark, Pacific, Tonga, National Museum, Ross Energy, Aarhus . Port Locations: Denmark, Maldives, Danish, Malaysia, Sri Lanka, Aarhus, Kenya, Colombia, Australia, Norway, Guinea, Equatorial Guinea, Mongolia, Pakistan, Syria, Iran, Nauru, Angola, Ghana, Iceland, Canada, Hong Kong, Everest, Palau, New Zealand, Samoa, Tonga, Vanuatu, Pacific, Tuvalu, Fiji, Singapore, Malé, Norwegian, Aarhus ., Aarhus What’s, Suez, Germany

☆ How a US government program advocated using nuclear explosions for construction, farming radioactive crops, and blasting holes in the moon
▼ + stars: | 2023-07-31 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +13 min

Most focused on the potential for nuclear explosions to quickly excavate areas for construction projects at lower costs than conventional explosives. (Hamblin is the author of the book "The Wretched Atom: America's Global Gamble with Peaceful Nuclear Technology.") Fly the radioactive skiesUS officials also hoped nuclear energy could be used for transportation. Nicknamed the "pan-atomic canal," nuclear explosions would have carved a sea-level waterway through Nicaragua, Panama, or Colombia, per Forbes. Corbis via Getty ImagesFor Hamblin, the concept of "peaceful nuclear explosions" fell out of favor in the mid-70s.

Persons: Christopher Nolan's, Oppenheimer, Jacob Hamblin, Dwight D, Eisenhower, Alex Wellerstein, Hamblin, you've, Dr Leonard Reiffel, Alaska's Cape Thompson, Edward Teller, detonations, Rio, Iran —, —, Corbis, Wellerstein, Marshall, we're Organizations: Service, White, Nevada . U.S . Department of Energy Office, Scientific, Atomic Energy, UN, United Nations, IAEA Imagebank, United, US Atomic Energy Commission, Technology, Institute of Radiation, Google, NASA, Sputnik, Air Force, U.S . Department of Energy, National Nuclear Security Administration, AEC, of Energy, Popular Mechanics, New York Times, Carryall, US Department of Energy, Forbes, Atomic Energy Commission, Getty, IAEA Locations: Wall, Silicon, Suez, Nevada ., United Nations, New York, Hitachiomiya, Japan, Soviet Union, Nevada, Alaska's Cape, inconveniently, Israel, Panama, Nicaragua, Colombia, Pacific, Farmington , New Mexico, Rulison , Colorado, Rio Blanco, , Colorado, Iran, Mercury , Nevada, USA, Cuba, Vietnam, Colorado, New Mexico, Nevada —, Marshall

The team is pumping between 4,000 and 5,000 barrels of oil every hour, and has so far transferred more than 120,000 barrels to the replacement vessel carrying the offloaded oil, Gressly said. A potential spill from this vessel would be enough to make it the fifth largest oil spill from a tanker in history, a UN website said. The Red Sea is a vital strategic waterway for global trade. Video Ad Feedback Oil being removed from tanker near Yemen in Red Sea 02:29 - Source: CNNAfter The Safer is emptied, it must then be cleaned to ensure no oil residue is left, Gressly said. The Red Sea fisheries in Yemen could be “almost completely wiped out,” Rehkopf added.

Persons: CNN —, –, Yemen David Gressly, SMIT, Gressly, Bab, ” Gressly, “, ” David Rehkopf, ” Rehkopf, that’s, ”, Ahmed Nagi, ” Nagi, Nagi Organizations: CNN, United, Endeavor, UN, Yemen’s, HSA, FSO, Exxon, US Energy Information Administration, Systems, Stanford University School of Medicine, Stanford University, Group Locations: Yemen, United Nations, Suez, Red, Alaska, Africa, Asia, Persian, Saudi, Stanford University School of Medicine . Yemen, Saudi Arabia, Eritrea, Brussels, Yemeni, Hodeidah

The Suezmax requires a lightering agent to transfer the crude to smaller ships, as its size and weight restrict it from directly entering the port. Shipping companies are worried that lightering the Iranian crude onto their vessels would lead other oil buyers to shun their ships on future voyages, one of those people said. "Our legal team said 'absolutely not,'" he added, saying the ship has yet to find any willing party to transfer the oil. A Western industry expert said the inability to discharge the cargo is partly out of fear of repercussions from Iran. The Middle East oil exporter has threatened retaliation against any oil company unloading Iranian oil from the seized tanker.

Persons: Suez Rajan, Arathy Somasekhar, Jonathan Saul, Timothy Gardner, Parisa, Matthew Lewis Organizations: U.S, Shipping, U.S . Coast Guard, U.S . Customs, Border Protection, Department of Justice, Thomson Locations: Texas, Suez, Marshall, Galveston, Houston, Iran, U.S, London, Washington, Dubai

☆ A decaying oil tanker posed a 'catastrophic' risk. Now, a major operation is underway to avert disaster
▼ + stars: | 2023-07-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

A view of decaying FSO Safer oil tanker anchored 60 kilometers (37 miles) north of the port of Hudaydah, Yemen on July 15, 2023. The UN has begun a 19-day operation to extract oil from a 47-year-old decaying supertanker as it seeks to end a race against time to avoid a catastrophic oil spill. This led to growing concerns about a potential oil spill four times the size of 1989's Exxon Valdez leak, which was the second-largest oil spill in U.S. history. The oil aboard the tanker began being transferred to a U.N.-owned vessel Yemen, previously known as Nautica, at 10:45 Yemen time Tuesday. "The @UN has begun a complex operation to transfer 1 million barrels of oil from a decaying tanker off the coast of Yemen.

Persons: Exxon Valdez, Bab, Antonio Guterres, David Gressly, Ghiwa Nakat Organizations: UN, Exxon, Greenpeace MENA Locations: Hudaydah, Yemen, Suez, Red

Long before moving into the White House, President Biden compared the relationship between the United States and Israel to that of close friends. For months, Mr. Biden refused to invite Mr. Netanyahu to Washington, which prevented at least some meetings between lower-level officials. Despite recognizing Israel, Mr. Truman refused to sell the new state offensive arms, as did his two successors. Mr. Biden’s relationship with Mr. Netanyahu has been scratchy going back years. “I don’t think the Jewish American community needs to be overly involved in this,” she said.

Persons: Long, Biden, “, ”, Benjamin Netanyahu’s, Netanyahu, Nathan J, Diament, Isaac Herzog, Robert B, Harry S, Truman, —, Israel —, Israel, Dwight D, Eisenhower, Ronald Reagan, George H.W, Bush, State James A, Baker, Bill Clinton, Barack Obama, Donald J, Trump, Mr, “ Bibi, Biden’s, Netanyahu’s, Kamala Harris, ” —, Eli Cohen, Yair Lapid, Netanyahu “, Satloff, Thomas L, Friedman, Jake Sullivan, “ It’s, ” Mr, Sullivan, Chris Coons, James E, Diana Fersko, Rabbi Fersko Organizations: Israel, Orthodox Union, American Orthodox, Democratic, Washington Institute for Near East, State, State Department, Mr, New York Times, Aspen Security, Republican, Foreign Relations, Jewish, American Jewish, American Locations: United States, Israel, Washington, American, U.S, Egypt, Suez, Saudi Arabia, Iran, Colorado, Delaware, Idaho, Tel Aviv, Jerusalem, Manhattan

Long before moving into the White House, President Biden compared the relationship between the United States and Israel to that of close friends. For months, Mr. Biden refused to invite Mr. Netanyahu to Washington, which prevented at least some meetings between lower-level officials. Despite recognizing Israel, Mr. Truman refused to sell the new state offensive arms, as did his two successors. Mr. Biden urged Mr. Netanyahu “not to rush” his changes and “to seek the broadest possible consensus here.”Aides insist Mr. Biden is not trying to engineer a specific outcome in an ally’s internal politics. “I don’t think the Jewish American community needs to be overly involved in this,” she said.

Persons: Long, Biden, “, ”, Benjamin Netanyahu’s, Netanyahu, Nathan J, Diament, Isaac Herzog, Robert B, Harry S, Truman, —, Israel —, Israel, Dwight D, Eisenhower, Ronald Reagan, George H.W, Bush, State James A, Baker, Bill Clinton, Barack Obama, Donald J, Trump, Mr, “ Bibi, Biden’s, Netanyahu’s, Kamala Harris, ” —, Eli Cohen, Yair Lapid, Netanyahu “, Satloff, Thomas L, Friedman, . Biden, Jake Sullivan, “ It’s, ” Mr, Sullivan, Chris Coons, James E, Diana Fersko, Rabbi Fersko Organizations: Israel, Orthodox Union, American Orthodox, Democratic, Washington Institute for Near East, State, State Department, Mr, New York Times, Aspen Security, Republican, Foreign Relations, Jewish, American Jewish, American Locations: United States, Israel, Washington, American, U.S, Egypt, Suez, Saudi Arabia, Iran, Colorado, Delaware, Idaho, Tel Aviv, Jerusalem, Manhattan

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