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Red Sea shipping disruptions could hamper trade, various countries responses - December 18+

sharon sanders

sharon sanders

Editor-in-Chief & President
Here’s how the Houthi attacks in the Red Sea threaten the global supply chain


PUBLISHED MON, DEC 18 20232:42 PM EST
UPDATED 3 HOURS AGO
KEY POINTS
  • There could be more trade disruptions to come as Iran-backed Houthi militants strike ships in the Red Sea.
  • Several major shipping lines have suspended their services through the Red Sea as more than a dozen vessels have been attacked since the start of the Israel-Hamas war.
  • The U.S. and other countries have banded together in an effort to protect the vessels.
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more... https://www.cnbc.com/2023/12/18/how-houthi-attacks-in-red-sea-threaten-global-supply-chain.html
 
Oil rises 1% as Red Sea shipping concerns unnerve traders

By Shariq Khan
December 19, 20235:04 PM ESTUpdated 17 min ago​

BENGALURU, Dec 19 (Reuters) - Oil prices rose more than a dollar a barrel on Tuesday, extending the previous session's gains after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced more companies to reroute vessels.

Brent crude futures rose $1.28, or 1.6%, to settle at $79.23 a barrel, the highest since Dec. 1. U.S. West Texas Intermediate crude futures for January delivery , which expired after settlement on Tuesday, rose 97 cents, or 1.3%, to settle at $73.44 a barrel, also the highest in over two weeks.

The U.S. on Tuesday announced the creation of a task force to safeguard Red Sea commerce from attacks by Iran-backed Yemeni militants. The Houthis have vowed to defy the U.S.-led naval mission and keep hitting Israeli targets in the region.
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more.... https://www.reuters.com/markets/com...sea-attacks-disrupt-supply-chains-2023-12-19/
 
Statement from President Joe Biden on Coalition Strikes in Houthi-Controlled Areas in Yemen: JANUARY 11, 2024

The White House​

Today, at my direction, U.S. military forces—together with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands—successfully conducted strikes against a number of targets in Yemen used by Houthi rebels to endanger freedom of navigation in one of the world’s most vital waterways.

These strikes are in direct response to unprecedented Houthi attacks against international maritime vessels in the Red Sea—including the use of anti-ship ballistic missiles for the first time in history. These attacks have endangered U.S. personnel, civilian mariners, and our partners, jeopardized trade, and threatened freedom of navigation. More than 50 nations have been affected in 27 attacks on international commercial shipping. Crews from more than 20 countries have been threatened or taken hostage in acts of piracy. More than 2,000 ships have been forced to divert thousands of miles to avoid the Red Sea—which can cause weeks of delays in product shipping times. And on January 9, Houthis launched their largest attack to date—directly targeting American ships.

The response of the international community to these reckless attacks has been united and resolute. Last month, the United States launched Operation Prosperity Guardian—a coalition of more than 20 nations committed to defending international shipping and deterring Houthi attacks in the Red Sea. We also joined more than 40 nations in condemning Houthi threats. Last week, together with 13 allies and partners, we issued an unequivocal warning that Houthi rebels would bear the consequences if their attacks did not cease. And yesterday, the United Nations Security Council passed a resolution demanding the Houthis end attacks on merchant and commercial vessels.

Today’s defensive action follows this extensive diplomatic campaign and Houthi rebels’ escalating attacks against commercial vessels. These targeted strikes are a clear message that the United States and our partners will not tolerate attacks on our personnel or allow hostile actors to imperil freedom of navigation in one of the world’s most critical commercial routes. I will not hesitate to direct further measures to protect our people and the free flow of international commerce as necessary.

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https://www.whitehouse.gov/briefing...-strikes-in-houthi-controlled-areas-in-yemen/
 
JANUARY 11, 2024

Joint Statement from the Governments of Australia, Bahrain, Canada, Denmark, Germany, Netherlands, New Zealand, Republic of Korea, United Kingdom, and the United States

Recognizing the broad consensus as expressed by 44 countries around the world on December 19, 2023, as well as the statement by the UN Security Council on December 1, 2023, condemning Houthi attacks against merchant and commercial vessels transiting the Red Sea, our governments issued a joint statement on January 3, 2024, which called for the immediate end of illegal attacks and warned that malign actors would be held accountable should they continue to threaten lives, the global economy, and the free flow of commerce in the region’s critical waterways. Despite this strong warning, attacks in the Red Sea have continued, including the launch of numerous missiles and one-way attack aerial vehicles against ships in the Red Sea on January 9, 2024, including U.S. and UK vessels. On January 10, 2024, the UN Security Council passed UNSCR 2722, which also condemned these attacks and demanded that they cease.

In response to continued illegal, dangerous, and destabilizing Houthi attacks against vessels, including commercial shipping, transiting the Red Sea, the armed forces of the United States and United Kingdom, with support from the Netherlands, Canada, Bahrain, and Australia, conducted joint strikes in accordance with the inherent right of individual and collective self-defense, consistent with the UN Charter, against a number of targets in Houthi-controlled areas of Yemen. These precision strikes were intended to disrupt and degrade the capabilities the Houthis use to threaten global trade and the lives of international mariners in one of the world’s most critical waterways.

The Houthis’ more than two dozen attacks on commercial vessels since mid-November constitute an international challenge. Today’s action demonstrated a shared commitment to freedom of navigation, international commerce, and defending the lives of mariners from illegal and unjustifiable attacks.

Our aim remains to de-escalate tensions and restore stability in the Red Sea, but let our message be clear: we will not hesitate to defend lives and protect the free flow of commerce in one of the world’s most critical waterways in the face of continued threats.

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https://www.whitehouse.gov/briefing...f-korea-united-kingdom-and-the-united-states/

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Houthi airstrikes live: UK and US bomb rebel group in Yemen


21 minutes ago
Holly Evans, Alisha Rahaman Sarkar

The US and the UK have started carrying out strikes against targets linked to Houthis in Yemen, with attacks on the rebel groups carried out by aircraft, ships and submarines.

President Joe Biden and UK prime minister Rishi Sunak, both issued statements on the strikes in which they condemned the “reckless actions” of the group and the disruption in the Red Sea, a major artery of world commerce.
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It is the first time strikes have been launched against the Iran-backed group since it started targeting international shipping in the region late last year.

Raids were conducted on several Yemeni cities in the early hours of Friday, an official from the Houthi movement said.

“American-Zionist-British aggression against Yemen launches several raids on the capital, Sanaa, Hodeidah governorate, Saada, and Dhamar,” Houthi official Abdul Qader al-Mortada said on X.

Late on Thursday, Mr Sunak held an emergency cabinet meeting, amid speculation the UK would launch strikes.

Following reports of the cabinet meeting, opposition MPs had called for a recall of Parliament before the UK took military action.

KEY POINTS
https://www.independent.co.uk/news/...sea-attacks-yemen-strikes-news-b2477284.html​
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