The U.S. military accidentally shot down one of its own F/A-18 Hornet fighter jets over the Red Sea in a friendly fire incident involving the USS Gettysburg. Both pilots ejected …
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Red Sea tensions
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On Sunday, certain OPEC+ members reached an agreement to prolong voluntary reductions in oil output through the second quarter, according to sources. This decision aims to provide additional support to …
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International
Houthi Rebels Escalate Red Sea Attacks, Fire Hits Trafigura’s Marlin Luanda
by Hamza Irshadby Hamza IrshadYemen’s Houthi rebels escalated their attacks on vessels in the Red Sea, with a recent strike causing a fire on the fuel tanker Marlin Luanda, operated on behalf of trading …
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International
Yemen’s Army Launches Anti-Ship Missile Targeting US Destroyer
by Hamza Irshadby Hamza IrshadAnti-Ship Missile In a significant escalation of tensions in the Red Sea, Yemen’s army fired an anti-ship cruise missile towards an American destroyer on Sunday in response to joint U.S.-British …
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International
Oil Prices Dip 2% Amid Red Sea Tensions and Resumed Ship Movements
by Hamza Irshadby Hamza IrshadOn Wednesday, oil prices experienced a nearly 2% decline, offsetting the gains from the previous day, as investors closely monitored events in the Red Sea. Despite renewed attacks on Tuesday, …