UK not seeking confrontation with Houthis
Prime Minister Rishi Sunak says the Iran-backed group poses an "immediate threat" to merchant shipping.
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Prime Minister Rishi Sunak says the Iran-backed group poses an "immediate threat" to merchant shipping.
The remarks come as the US confirmed a fifth round of strikes on Iranian-backed Houthis in Yemen.
The deadly strikes by the United States and United Kingdom on Houthi rebels in Yemen risks instigating a wider war in the Middle East involving additional proxy groups connected to Iran. The Houthis and their chief sponsor, Iran, have condemned the strikes, which they said hit 73 sites in Yemen and killed at least five…
(Bloomberg) -- Top Biden administration officials say they are monitoring the situation in the Red Sea for its impact on American households as attacks on ships crossing the critical shipping lane threaten to raise prices for consumers in a presidential election year.Most Read from BloombergHuawei Teardown Shows 5nm Chip Made in Taiwan, Not ChinaBusiness Insider Says Ackman’s Wife Plagiarized in Her ThesisTroubled China Shadow Bank Zhongzhi Files for BankruptcyIslamic State Claims Responsibility
Twelve nations led by the United States on Wednesday jointly warned Yemen's Huthi rebels of unspecified consequences unless they immediately halt sea attacks that are increasingly disrupting global commerce.The United States earlier sent an aircraft carrier to the area and announced a naval coalition to protect movement in the Red Sea, through which 15 percent of global trade passes, according to UN figures.