The cost of shipping goods through the Red Sea is expected to remain firm after the United States carried out further ...
The Houthi assaults on ships in the Red Sea caused the biggest disruption to global trade since the Covid-19 pandemic, subduing activity in one of the world’s busiest maritime corridors.
Brent Oil Futures expiring in May rose 0.4% to $71.32 per barrel as of 22:51 ET (02:51 GMT), while West Texas Intermediate (WTI) crude futures also gained 0.4% to $67.61 per barrel.
Arabian Gulf Business Insight on MSN20h
Red Sea insurance rates to stay firm amid attack fears
The cost of shipping goods through the Red Sea is expected to remain firm after the US carried out further airstrikes on Yemen on Monday, adding to fears of new attacks on ships by the Iran-aligned ...
Every shot fired by the Houthis will be looked upon, from this point forward, as being a shot fired from the weapons and leadership of IRAN,' US president says ...