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Houthis Signal Red Sea Shipping Tolls In Mirror Image Of Iran's Hormuz Plan
Houthis Signal Red Sea Shipping Tolls In Mirror Image Of Iran's Hormuz Plan
Houthis have entered the chat...
Already multiple Saudi vessels have been targeted in the Red Sea region, forcing a number of tankers to U-turn, and now Yemen's Houthis are seeking to introduce their own 'toll system' for the Bab el-Mandeb Strait.
"Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz," European media reports Wednesday.
Source: Winward
"The...
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Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike
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Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.
Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely watched services gauge jumped to 3.5%, the highest since last November, and non-energy...
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