Page 22 - Ever Given News Today

Insurance premiums are surging for those who do cross the Red Sea, freight rates are up and so are oil prices – all potential factors for more inflation.

Attacks on ships passing through a vital trading route have reignited fears about higher oil prices and could drive up inflation.

The U.S.-led operation aims to counter escalating missile and drone attacks on commercial vessels by the Yemen-based Houthi rebel group, which are impacting global trade.

Oil giant BP will pause all shipments of oil through the Red Sea after recent attacks on vessels by Houthi rebels.

While there is expectation that global militaries will step in soon and secure the Red Sea and the Suez Canal by the end of the week, a prolonged delay in reusing them may lead to a 30-40 percent rise in cost of transportation

By Christian Edwards, CNN (CNN) — Yemen’s Iran-backed Houthi rebels are stepping up their strikes on ships in the Red Sea, which they say are

Downing Street is in talks with freight firms after BP and others reroute to avoid the Suez Canal following Houthi attacks

Swedens Electrolux has set up a task force to find alternative routes or identify priority deliveries to try to avoid any disruption from the attacks by the Iran-aligned Yemeni Houthi militant group...

Houthi militants have stepped up their involvement in the Israel-Gaza war, meaning ships face an extra 10 days at sea if they divert via the Cape of Good Hope instead of the more direct route through the Suez Canal.

Yemen’s Iran-backed Houthi rebels are stepping up their strikes on ships in the Red Sea, which they say are revenge against Israel for its military campaign in Gaza.