With gas prices above $4, drivers across the country grapple with higher costs: “I have to spend it—there’s no other way”
From New York to Los Angeles, drivers say they’re driving less, skipping trips and adjusting budgets as gas prices rise.
Results for "Bab el-Mandeb strait"
12 stories found
WorldAPNYTwsj+58Al Jazeeranosaftonbladetle-figarolsm-lvSCMPsvenska-dagbladetder-standard+50 more14d ago61 sources
US Fighter Jets Shot Down Over Iran, Pilot Missing
Two American fighter jets were reportedly shot down over Iran and the Gulf, with two pilots rescued and a third still missing. Both US and Iranian officials have confirmed the incident.
Bab al-Mandeb Strait Under Threat as Houthi Organization and Iran Issue Warnings
The pro-Iranian Houthi organization in Yemen has declared its readiness to strike the strategically important Bab el-Mandeb Strait, also known as the 'Gate of Tears,' with the Suez Canal as a target, triggering a global energy alert, while Iran has also threatened to target this crucial shipping route if US forces land.
Iran Threatens Red Sea and Bab el-Mandeb Destabilization if Kharg Island Attacked
Tehran has issued a clear message of escalation, warning that a potential American attack on Kharg Island could lead to the destabilization of critical maritime routes, including the Red Sea and the Bab el-Mandeb Strait.
Iran's Threat to Close Bab el-Mandeb Strait Could Severely Impact Global Trade
Iran's suggestion of closing the Bab el-Mandeb strait could have significant consequences for global trade and lead to inflation, according to Middle East expert Alexander Atarodi. Such a closure would affect a wide range of goods and consumer prices worldwide.
Houthi Rebels Intensify Red Sea Shipping Threat and Global Trade Disruption
Iran-backed Houthi rebels in Yemen have carried out a second missile strike against Israel and pledged further attacks, intensifying concerns that the conflict could expand into the Red Sea region and further threaten global shipping through the critical Bab el-Mandeb strait, with the group's potential to disrupt global trade amid Strait of Hormuz chaos being highlighted.
Houthi Organization Threatens to Strike Bab el-Mandeb Strait, Targeting Suez
The pro-Iranian Houthi organization in Yemen has declared its readiness to strike the strategically important Bab el-Mandeb Strait, also known as the 'Gate of Tears,' with the Suez Canal as a target, triggering a global energy alert.
Iran may hold trump cards in the Red Sea: the Houthis and the Bab el-Mandeb Strait
Iran's allies like Hezbollah or Iraqi Shiite militias have already attacked the US and Israel, but the Houthis have not, and some experts say they may prefer not to intervene.
Iran Threatens to Close Bab el-Mandeb Strait, Raising Global Trade Concerns
Iran has hinted at the possibility of closing the Bab el-Mandeb strait, a move that could have significant consequences for global trade.
WorldbloombergwsjThe Guardian+16le-figaroel-mundoYahooiefimeridairish-independentKorea Heraldnaftemporikiyonhap-english+8 more20d ago19 sources
Global Markets Rattled, Supply Chains Threatened by Middle East Tensions and War Risks
Global oil prices are climbing and stock markets are falling, including a €17 billion loss for Greek stocks, as investors perceive no immediate end to the ongoing war, exacerbating Middle East tensions and driving up fuel costs. Markets are particularly rattled by concerns over potential blockages of key chokepoints like the Strait of Hormuz and the Bab el-Mandeb strait, with Wall Street's 'fear gauge' spiking and Asian airlines raising ticket prices. Irish economists warn of escalating global recession risks, while New Zealand's Pharmac monitors medicine supply risks, all contributing to looming energy and supply crises.
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Russia Denies Supplying Drones to Iran Amid EU Accusations
EU officials accuse Russia of providing intelligence and drones to Iran for attacks on US targets, while Russia vehemently denies these allegations, specifically dismissing reports of delivering drones as 'media lies'.
Middle East crisis: What does it mean for India’s trade, exports, crude oil & LPG supply?
Exporters have raised strong concerns that the conflict could disrupt shipping through the Strait of Hormuz and the Bab el-Mandeb Strait, both of which are crucial maritime corridors.