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Biden team wary of retaliating against Houthi attacks at sea

Senior Biden administration officials agree that striking Houthis in Yemen is the wrong course of action for now, per three U.S. officials, even though some military officers have proposed more forceful responses to the militants’ attacks in the Red Sea. There’s high-level consensus within the administration that it does not …

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Oil and gas prices surge as BP stops Red Sea shipments following Houthi attacks

Oil and natural gas prices rose sharply Monday after BP (BP) said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen. The decision by one of the world’s biggest oil companies follows similar moves by major shipping firms, …

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What attacks in the Red Sea could mean for the global economy

In the past week, Iran-backed Houthi rebels in Yemen have fired missiles at container ships in the Red Sea in addition to attacking US and allied warships. Houthi representatives have said that those attacks will continue against ships related to Israel in any way, to support Hamas and as a …

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