Yemen’s Houthis reportedly considering fees for ships sailing through Red Sea

Yemen’s Houthis reportedly considering fees for ships sailing through Red Sea

Yemen’s Iran-backed Houthi rebels are considering imposing fees on commercial ships sailing through the southern Red Sea, Reuters reported on Wednesday. This development came a week after the Houthi declared a naval blockade on Saudi Arabia. The source said Houthi officials were looking into imposing fees on most traffic through the narrow Bab el-Mandeb gateway, which […]

US Dollar tumbles after divided Fed hold, Oil surges on Middle East escalation

US Dollar tumbles after divided Fed hold, Oil surges on Middle East escalation

Here is what you need to know for Thursday, July 30: The US Dollar (USD) falls sharply during the American session on Wednesday after the Federal Reserve (Fed) left interest rates unchanged. The Federal Open Market Committee (FOMC) maintained the federal funds target range at 3.50%–3.75% in a divided 9–3 vote. Cleveland Fed President Beth […]