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Trade Routes: Houthi militants, in a show of support of Hamas in its war with Israel, are attacking merchant ships as they sail past Yemen en route to — or from — Egypt’s Suez Canal.
Economist warns Western fight against inflation faces a serious knockback as Iran-backed attacks set to send the cost of imports spiraling.
With a handful of trading days remaining to 2023, the stock market is poised to end the year up a respectable 25% or more.
Hitting routes that handle almost 20% of trade, the issues are forcing vast detours by the global merchant fleet, driving up freight bills, and boosting the shares of shipping companies.
The giant ship sat off the coast of Georgia for over year.