The Latest Breaking News from The Red Sea

Yemen’s Houthi rebels likely fired an Iranian-made anti-ship cruise missile at a Norwegian-flagged tanker in the Red Sea in December, an assault that now provides a public evidence-based link between the ongoing rebel campaign against shipping and Tehran

The shipping industry looks primed for expansion, owing to the expansion of trade, the growth of e-commerce, and significant technological advancements. Moreover, the tensions in the Red Sea are causing ships to take the longer route, thereby raising freight costs. Given the industry’s promising prospects, investors could consider buying fundamentally…

The U.N. Security Council has demanded that Yemen’s Houthi rebels halt all attacks on ships and urged that disruptions to maritime security be addressed, without mentioning the link between the Iran-backed rebels and the Israel-Hamas war in Gaza

Jeddah, which is located in the western part of Saudi Arabia, has a long-lasting history. It is the second largest city in Saudi Arabia and is referred to as the 'Gateway to Mecca'.