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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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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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