China negotiates with Houthis for safe oil tanker passage through the Red Sea as crude tops $100 per barrel, with implications for inflation and

LONDON: The fears of many came to fruition as, following further Houthi attacks on shipping vessels in the Red Sea, the Iran-backed Yemeni militia entered the war by imposing a…

Traffic through the Bab-el-Mandeb Strait and crude loadings at Saudi Arabia’s Yanbu port have fallen sharply after a new wave of Houthi attacks, forcing tankers to delay voyages,…