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Houthi militants attack ships in one of the world’s busiest trade routes

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Iranian-backed Houthi militants have used ballistic missiles and “kamikaze” drones in attacks on international shipping in the Red Sea.

The attacks began on Nov. 19 when Houthi commandos landed a helicopter on the Galaxy Leader cargo vessel as it was passing through the southern Red Sea. They redirected it toward Hodeidah port in Yemen and seized the crew, who are still being held.

Since then, 29 more ships have been attacked in the area, with 13 of those suffering direct strikes from missiles or drones. The attacks have caused major disruptions to global trade, some 12% of which passes through the Red Sea.

Commercial ships

Reuters has cataloged the ships attacked so far and examined how Houthi militants are using a combination of weapons to target commercial ships. The analysis shows how Houthi drone and missile activity has escalated since the Gaza war began, and has continued despite Western military airstrikes on their bases in Yemen, which began on Jan. 11.

Houthi attacks have targeted ships in the southern Red Sea and the neighboring Gulf of Aden, which are joined by the Bab al-Mandab strait, a chokepoint between the Horn of Africa and the Middle East.

Precarious navigation

In Arabic, Bab al-Mandab means “Gate of Tears”, a reference to the strait’s precarious navigation. The narrow waterway lies between Djibouti and Eritrea on the coast of east Africa and western Yemen, much of which is under Houthi control.

Bab al-Mandab is a strategic link between the Mediterranean Sea and Indian Ocean: exports to the Western markets from the Gulf and Asia must pass through before entering the Suez Canal.

At only 18 miles wide at its narrowest point, shipping traffic is limited to two channels for inbound and outbound shipments, leading to occasional congestion.

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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Trump and Biden agree to a double debate showdown

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Former President Donald Trump and current President Joe Biden have agreed to participate in two debates in June and September.

On this episode of Ticker Hot Shots – Former President Donald Trump and current President Joe Biden agree to a double debate, Trump backs AUKUS, MacDonalds creates a price friendly meal and Prince Harry faces the financial music. #featured #trending #hotshots

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