A strike on a merchant ship off the southern coast of Yemen that reportedly killed several seafarers on Tuesday threatens to reignite deep concerns about global trade, amid the ongoing Iran-US war that has choked shipping in the Strait of Hormuz.

The Bab el-Mandeb is a critical maritime chokepoint linking the Red Sea with the Gulf of Aden. Before the latest escalation, about 12%...

Renewed Yemen violence and Tehran's refusal to reopen Hormuz raise war fears, as a Syrian court also sentenced Assad to death.