Yemen

The United States is increasingly concerned about Iran’s supply of advanced weaponry to Houthi rebels in Yemen, which is bolstering the rebels’ capacity to disrupt international commerce and attack merchant vessels. What Happened: Iran has been providing the Houthi rebels in Yemen with...

In a recent development, the U.S. and the U.K. have conducted a new series of airstrikes in Yemen, targeting Houthi military infrastructure. The strikes were aimed at disrupting the group’s activities in the Red Sea, a vital global trade route. What Happened: The U.S. and British forces...

Yemeni influencer Rashid Al Haddad, also known as the “hot Houthi pirate,” has been banned from TikTok due to community guidelines violations. This comes amidst escalating tensions in the Red Sea region. What Happened: Al Haddad's video showing him on the Bahamian-flagged, Japan-...

U.S. defense forces targeted and destroyed four Houthi missiles in Yemen on Tuesday, in what was described as a preemptive action. What Happened: The U.S. Central Command stated, “These missiles were prepared to launch from Houthi-controlled areas of Yemen and presented an imminent threat to...

British oil giant Shell plc (NYSE:SHEL) has announced a complete halt to its shipments traversing the Red Sea, a critical global trade route, due to mounting security concerns. This decision, as reported by the Wall Street Journal citing informed sources, is a direct response to the increasing...

Crude oil prices jumped by more than 4% in early trade on Friday as tensions in the Middle East and Red Sea intensified following U.S.-led airstrikes on Houthi rebel targets in Yemen. Brent crude rose by 4.1% to $80.50 a barrel, while Nymex WTI jumped 4.2% to $75.02 a barrel. The United States Oil...

A coalition led by the U.S. has initiated a series of attacks on Houthi rebel targets in Yemen. This comes as a response to the Houthis’ refusal to comply with an ultimatum to cease their Red Sea ship assaults. What Happened: The U.S.-led coalition, with support from Britain, Australia,...

The Commerce Department's Bureau of Industry and Security (BIS) is undertaking a comprehensive review of all Country Groups in the Export Administration Regulations (EAR) to ensure they reflect current U.S. national security and foreign policy interests. BIS is reassigning Russia from more...

When geopolitical headwinds howl, particularly those flowing from the Middle East, it's reasonable to expect that among the various sectors and industries, energy stocks will be affected. Next on that list is aerospace and defense equities and exchange traded funds. That much was confirmed...

A federal judge has broadened the definition of a “close relative” in President Donald Trump’s executive order meant to ban people from traveling to the United States from six predominantly Muslim nations. Last month, the U.S. Supreme Court said it would take up the ban when it...

GLG has produced a new series of videos focused on decision making in the business world. As part of the series, GLG, the world's leading membership network for professional learning, has interviewed a number of business leaders to ask about what considerations go into making important...

In a report published Wednesday, analysts at JPMorgan discussed the sell-off in S&P 500 futures on Tuesday night and offered four potential explanations. About 2.5 billion futures traded in a 15-minute period on Tuesday with several stop-loss orders placed around 2048.5-2050 that were triggered...

On Thursday, oil prices saw a sharp increase after news that renewed tension in the Middle East could threaten some Gulf producers' supplies. However, by Friday morning WTI had sunken back to near $50 per barrel and shares of energy giants like Exxon Mobil Corporation (NYSE: XOM) had little...