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    Crew of Oil Tanker Hit by Missiles in Red Sea Is Rescued

    The crew of a Greek-flagged oil tanker that came under gun and missile attack in the Red Sea has been rescued after they were forced to evacuate the vessel into a lifeboat, a European Union naval mission said on Thursday. The attack appears to have been the most serious in weeks against commercial shipping off the coast of Yemen.The Yemen-based Houthi militia, which has staged a series of attacks against commercial ships in the Red Sea in what it says is solidarity with Palestinians in Gaza, has not claimed responsibility.A Houthi fighter on the beach in December, with the Galaxy Leader cargo ship, seized by the Houthis in November, in the background.Yahya Arhab/EPA, via ShutterstockThe tanker, the Sounion, was sailing about 90 miles west of the Yemeni port of Hudaydah early on Wednesday when two small boats approached it, said a statement on social media from Britain’s maritime trade agency, which is based in Dubai.“The first craft had three to five persons onboard while the second had approximately 10,” the statement said. “The two small craft hailed the merchant vessel, leading to a brief exchange of small-arms fire.”The small craft retreated and the ship was then hit by three “unidentified projectiles,” starting a fire and causing the ship to lose engine power, it said. It was not clear on Thursday whether the fire had been extinguished.The crew were rescued by a ship from an E.U. military mission, Operation Aspides, that has been mounted in response to attacks by the Houthi militia, according to a statement the mission posted on social media Thursday.The statement included a photograph showing an enclosed lifeboat, typical in the oil industry, bobbing in the water and a second photo of crew members aboard a rescue speedboat.After coming under attack, the ship’s captain called for help. The E.U. military destroyed what it described as an “unmanned surface vessel” that had posed an imminent danger to the Sounion. The crew was being transported to Djibouti, the statement said.The stricken vessel, which was carrying 150,000 metric tons of crude oil, was still floating and had become a “navigational and environmental hazard,” according to the E.U. statement. A statement from Delta Tankers, the ship’s operator, said it would be moved to a safer place for repairs. It was not clear whether any oil was leaking.The Houthi militia, which is backed by Iran, began firing late last year on ships entering the Red Sea en route to the Suez Canal, which is a vital artery for vessels moving between Asia, Europe and the eastern United States.The United States and Britain have launched strikes against the Houthis in response, but analysts have said they have done little to damage the militia’s military infrastructure. The attacks have continued, forcing ships to find alternative routes and disrupting global trade. Oil prices on Thursday were little changed, trading near their lowest levels of the year.Over the course of dozens of attacks, at least two vessels have sunk and at least three crew members have been killed.Jason Karaian More

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    Sailors Recount Houthi Attack and U.S. Navy Rescue

    The crew of the Tutor, a Greek-owned bulk carrier sailing across the Red Sea to India, were on the deck on a sunny morning last week when they spotted in the distance what looked like a fishing vessel with two people aboard. The crew members thought it was nothing unusual, but moments later, the ship captain said, they noticed a vessel rushing toward their ship.The boat appeared to be remote-controlled — the fishermen they thought they had glimpsed were dummies — and crew members shouted, “Inside! Inside!” as they raced for cover, according to a video one of them posted on Facebook. The boat collided with their ship and exploded, shattering glass windows on the bridge of their vessel and submerging the engine room in seawater and oil, the captain said.“We were all scared,” the captain, Christian Domrique, said on Monday in Manila, where he and the crew members, all of whom are from the Philippines, were brought after the U.S. Navy airlifted them from the stricken vessel. “It was the first time for all of us to experience that.”It was one of the more dramatic episodes in recent months in the Red Sea, where the Houthi militia in Yemen has stepped up missile and drone attacks against ships in what it says is a campaign to pressure Israel to end the war in Gaza.Twenty-one sailors including the captain were rescued from the Tutor; one crew member, who was in the engine room at the time of the collision, is still missing, according to Mr. Domrique and Philippine government officials.Mr. Domrique, who spoke on behalf of the crew members at a news conference arranged by the Philippine government, said that all of them had stayed on the bridge of the ship after the attack while he contacted the shipowner, the Philippine government and the U.S. Navy, which has been patrolling the waters to deter Houthi attacks. He also warned nearby ships to avoid their location.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Maersk Says Expanded Houthi Attacks Are Forcing More Delays

    The shipping company said the militia had recently tried to attack ships further from the shores of Yemen, putting more strain on logistics.Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday.“The risk zone has expanded,” Maersk, the second-largest ocean carrier, said in a note to customers, adding that the stress was causing further delays and higher costs.Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal. This has forced ocean carriers to avoid the sea and take a much longer route to Europe around the southern tip of Africa. But in recent weeks, the Houthis have been trying to strike ships making that longer journey in the Indian Ocean.Because going around Africa takes longer, shipping companies have had to add more vessels to ensure that they can transport goods on time and without cutting volumes.The threat to vessels in the Indian Ocean has only added to the difficulties. “This has forced our vessels to lengthen their journey further, resulting in additional time and costs to get your cargo to its destination for the time being,” Maersk said.The company estimated that putting extra ships and equipment onto the Asia to Europe route would result in a 15 percent to 20 percent drop in industrywide capacity in the three months through the end of June.That said, shipping companies have plenty of capacity available because they have ordered many new ships in recent years.Maersk said on Monday that customers should expect to see higher surcharges on shipping invoices as a result of the higher costs borne by the shipping line, which include a 40 percent increase in fuel use per journey.The cost of shipping a container from Asia to a northern European port was $3,550 last week, according to Freightos, a digital shipping marketplace, down from a recent high of $5,492 in January, and well below rates that climbed above $14,000 when global shipping became snarled during the coronavirus pandemic.The Houthis, who are backed by Iran, have said that their attacks were in response to Israel’s war in Gaza. More

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    Iran and U.S. Held Secret Talks on Proxy Attacks and Cease-Fire

    Diplomats gathered in Oman in January, with the U.S. side seeking to stop attacks on Red Sea shipping and American bases, and Iran looking for a Gaza cease-fire.Iran and the United States held secret, indirect talks in Oman in January, addressing the escalating threat posed to Red Sea shipping by the Houthis in Yemen, as well as the attacks on American bases by Iran-backed militias in Iraq, according to Iranian and U.S. officials familiar with the discussions.The secret talks were held on Jan. 10 in Muscat, the capital of Oman, with Omani officials shuffling messages back and forth between delegations of Iranians and Americans sitting in separate rooms. The delegations were led by Ali Bagheri Kani, Iran’s deputy foreign minister and chief nuclear negotiator, and Brett McGurk, President Biden’s coordinator for the Middle East.The meeting, first reported by The Financial Times this week, was the first time Iranian and American officials had held in-person negotiations — albeit indirectly — in nearly eight months. American officials said Iran requested the meeting in January and the Omanis strongly recommended that the United States accept.Since the beginning of the war in Gaza after Hamas’s Oct. 7 attacks on Israel, the United States and Iran have reassured each other that neither was seeking a direct confrontation, a stance conveyed in messages they passed through intermediaries.But in Oman, each side had a clear request of the other, according to U.S. and Iranian officials.Washington wanted Iran to rein in its proxies to stop the Houthi attacks on ships in the Red Sea and the targeting of American bases in Iraq and Syria. Tehran, in turn, wanted the Biden administration to deliver a cease-fire in Gaza.President Biden at Dover Air Force Base last month, watching as one of the three American soldiers killed in a drone strike by an Iran-backed militia was brought home. Kenny Holston/The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    U.S. Says it Struck Houthi Targets, Including Underwater Drone, in Yemen

    The United States struck five Houthi military targets, including an undersea drone, in Houthi-controlled areas of Yemen on Saturday, the U.S. military announced on Sunday.The use of the underwater drone is believed to have been the first time that Iran-backed Houthis had employed such a weapon since they began their campaign against ships in the Red Sea and Gulf of Aden on Oct. 23, the military’s Central Command said in a statement.American military officials provided few details of what they called an “unmanned underwater vessel,” but the Houthis have received much of their drone and missile technology from Iran. In addition to the underwater drone, the Houthis were also using a remotely piloted boat, the statement said.The U.S. struck both the surface drone and the submarine drone and launched other strikes against anti-ship missiles, the military said in its statement, but provided no precise details on the location.Maritime drones are becoming an increasingly powerful and effective weapon. Ukraine has used sea drones to devastating effect against Russia’s Black Sea Fleet. Ukraine has deployed both drones that skim the surface of the water and those that travel underwater to attack Russian ships.Mick Mulroy, a former Pentagon official and C.I.A. officer, said the Houthis’ use of an underwater drone was significant. He said the Houthis appeared to be adjusting their strategy.“Unmanned surface and subsurface vessels are likely more difficult to detect and destroy than aerial drones and anti-ship missiles,” Mr. Mulroy said. “If all of these weapons systems were used against one target, it could overwhelm the ship’s defenses.”The United States Central Command, which is overseeing operations against the Houthis, said the strikes were conducted on Saturday after determining the missiles and the drones posed a threat to both American Navy ships and commercial vessels.In late October, the Houthis began a campaign to target commercial vessels, mostly in the Red Sea, off the coast of Yemen, saying that the attacks were in solidarity with Palestinians under attack in Gaza by Israel. The stepped-up attacks have prompted an American-led international maritime response, including a series of strikes on Houthi targets in Yemen.The U.S. has accused Iran of supplying the Houthis and in some cases helping plan operations. However, more recently, American officials have said that Iran does not have direct control over the Houthis. More

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    ¿Qué le espera a la economía global en 2024?

    Con dos guerras persistentes y la incertidumbre de 50 elecciones nacionales, la inestabilidad financiera podría agravarse en todo el mundo.Los ataques al tráfico marítimo indispensable en los estrechos del mar Rojo por parte de una decidida banda de militantes en Yemen —una repercusión de la guerra entre Israel y Hamás en la franja de Gaza— le está inyectando otra dosis de inestabilidad a una economía mundial que está batallando con las tensiones geopolíticas en aumento.El riesgo de escalada del conflicto en Medio Oriente es la última de una serie de crisis impredecibles, como la pandemia del COVID-19 y la guerra en Ucrania, que han ocasionado profundas heridas a la economía mundial, la han desviado de su curso y le han dejado cicatrices.Por si fuera poco, hay más inestabilidad en el horizonte debido a la oleada de elecciones nacionales cuyas repercusiones podrían ser profundas y prolongadas. Más de dos mil millones de personas en unos 50 países —entre ellos India, Indonesia, México, Sudáfrica, Estados Unidos y los 27 países del Parlamento Europeo— acudirán a las urnas el año entrante. En total, los participantes en la olimpiada electoral de 2024 dan cuenta del 60 por ciento de la producción económica mundial.En las democracias sólidas, los comicios se están llevando a cabo en un momento en que va en aumento la desconfianza en el gobierno, los electores están muy divididos y hay una ansiedad profunda y constante por las perspectivas económicasUn barco cruza el canal de Suez en dirección al mar Rojo. Los ataques en el mar Rojo han hecho subir los fletes y los seguros.Mohamed Hossam/EPA, vía ShutterstockUna valla publicitaria anunciando las elecciones presidenciales en Rusia, que tendrán lugar en marzo.Dmitri Lovetsky/Associated PressWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Red Sea Shipping Halt Is Latest Risk to Global Economy

    Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas war in Gaza — is injecting a new dose of instability into a world economy already struggling with mounting geopolitical tensions.The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the Covid-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.As if that weren’t enough, more volatility lies ahead in the form of a wave of national elections whose repercussions could be deep and long. More than two billion people in roughly 50 countries, including India, Indonesia, Mexico, South Africa, the United States and the 27 nations of the European Parliament, will head to the polls. Altogether, participants in 2024’s elections olympiad account for 60 percent of the world’s economic output.In robust democracies, elections are taking place as mistrust in government is rising, electorates are bitterly divided and there is a profound and abiding anxiety over economic prospects.A ship crossing the Suez Canal toward the Red Sea. Attacks on the Red Sea have pushed up freight and insurance rates.Mohamed Hossam/EPA, via ShutterstockA billboard promoting presidential elections in Russia, which will take place in March.Dmitri Lovetsky/Associated PressEven in countries where elections are neither free nor fair, leaders are sensitive to the economy’s health. President Vladimir V. Putin’s decision this fall to require exporters to convert foreign currency into rubles was probably done with an eye on propping up the ruble and tamping down prices in the run-up to Russia’s presidential elections in March.The winners will determine crucial policy decisions affecting factory subsidies, tax breaks, technology transfers, the development of artificial intelligence, regulatory controls, trade barriers, investments, debt relief and the energy transition.A rash of electoral victories that carry angry populists into power could push governments toward tighter control of trade, foreign investment and immigration. Such policies, said Diane Coyle, a professor of public policy at the University of Cambridge, could tip the global economy into “a very different world than the one that we have been used to.”In many places, skepticism about globalization has been fueled by stagnant incomes, declining standards of living and growing inequality. Nonetheless, Ms. Coyle said, “a world of shrinking trade is a world of shrinking income.”And that raises the possibility of a “vicious cycle,” because the election of right-wing nationalists is likely to further weaken global growth and bruise economic fortunes, she warned.A campaign rally for former President Donald J. Trump in New Hampshire in December.Doug Mills/The New York TimesA line of migrants on their way to a Border Patrol processing center at the U.S.-Mexico border. Immigration will be a hot topic in upcoming elections.Rebecca Noble for The New York TimesMany economists have compared recent economic events to those of the 1970s, but the decade that Ms. Coyle said came to mind was the 1930s, when political upheavals and financial imbalances “played out into populism and declining trade and then extreme politics.”The biggest election next year is in India. Currently the world’s fastest-growing economy, it is jockeying to compete with China as the world’s manufacturing hub. Taiwan’s presidential election in January has the potential to ratchet up tensions between the United States and China. In Mexico, the vote will affect the government’s approach to energy and foreign investment. And a new president in Indonesia could shift policies on critical minerals like nickel.The U.S. presidential election, of course, will be the most significant by far for the world economy. The approaching contest is already affecting decision-making. Last week, Washington and Brussels agreed to suspend tariffs on European steel and aluminum and on American whiskey and motorcycles until after the election.The deal enables President Biden to appear to take a tough stance on trade deals as he battles for votes. Former President Donald J. Trump, the likely Republican candidate, has championed protectionist trade policies and proposed slapping a 10 percent tariff on all goods coming into the United States — a combative move that would inevitably lead other countries to retaliate.Mr. Trump, who has echoed authoritarian leaders, has also indicated that he would step back from America’s partnership with Europe, withdraw support for Ukraine and pursue a more confrontational stance toward China.Workers on a car assembly line in Hefei, China. Beijing has provided enormous incentives for electric vehicles.Qilai Shen for The New York TimesA shipyard in India, which is jockeying to compete with China as the world’s largest manufacturing hub.Atul Loke for The New York Times“The outcome of the elections could lead to far-reaching shifts in domestic and foreign policy issues, including on climate change, regulations and global alliances,” the consulting firm EY-Parthenon concluded in a recent report.Next year’s global economic outlook so far is mixed. Growth in most corners of the world remains slow, and dozens of developing countries are in danger of defaulting on their sovereign debts. On the positive side of the ledger, the rapid fall in inflation is nudging central bankers to reduce interest rates or at least halt their rise. Reduced borrowing costs are generally a spur to investment and home buying.As the world continues to fracture into uneasy alliances and rival blocs, security concerns are likely to loom even larger in economic decisions than they have so far.China, India and Turkey stepped up to buy Russian oil, gas and coal after Europe sharply reduced its purchases in the wake of Moscow’s invasion of Ukraine. At the same time, tensions between China and the United States spurred Washington to respond to years of strong-handed industrial support from Beijing by providing enormous incentives for electric vehicles, semiconductors and other items deemed essential for national security.A protest in Yemen on Friday against the operation to safeguard trade and protect ships in the Red Sea.Osamah Yahya/EPA, via ShutterstockThe drone and missile attacks in the Red Sea by Iranian-backed Houthi militia are a further sign of increasing fragmentation.In the last couple of months, there has been a rise in smaller players like Yemen, Hamas, Azerbaijan and Venezuela that are seeking to change the status quo, said Courtney Rickert McCaffrey, a geopolitical analyst at EY-Parthenon and an author of the recent report.“Even if these conflicts are smaller, they can still affect global supply chains in unexpected ways,” she said. “Geopolitical power is becoming more dispersed,” and that increases volatility.The Houthi assaults on vessels from around the world in the Bab-el-Mandeb strait — the aptly named Gate of Grief — on the southern end of the Red Sea have pushed up freight and insurance rates and oil prices while diverting marine traffic to a much longer and costlier route around Africa.Last week, the United States said it would expand a military coalition to ensure the safety of ships passing through this commercial pathway, through which 12 percent of global trade passes. It is the biggest rerouting of worldwide trade since Russia’s invasion of Ukraine in February 2022.Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics, said the impact of the attacks had so far been limited. “From an economic perspective, we’re not seeing huge increase in oil and gas prices,” Mr. Vistesen said, although he acknowledged that the Red Sea assaults were the “most obvious near-term flashpoint.”Uncertainty does have a dampening effect on the economy, though. Businesses tend to adopt a wait-and-see attitude when it comes to investment, expansions and hiring.“Continuing volatility in geopolitical and geoeconomic relations between major economies is the biggest concern for chief risk officers in both the public and private sectors,” a midyear survey by the World Economic Forum found.With persistent military conflicts, increasing bouts of extreme weather and a slew of major elections ahead, it’s likely that 2024 will bring more of the same. More