Saudi Arabia announces maritime defence alliance to protect Red Sea

Saudi Arabia announces maritime defence alliance to protect Red Sea

Saudi Arabia and 13 other countries announced the creation of an international coalition to safeguard freedom of navigation through the Bab al-Mandeb Strait, the Red Sea and the Gulf of Aden, Reuters reported on Thursday.  Saudi Arabia’s Ministry of Defence said that the Multinational Maritime Defense Alliance was established as a framework to strengthen collective […]

Key driver of UK inflation scenarios – Rabobank

Key driver of UK inflation scenarios – Rabobank

RaboResearch highlights Oil as the dominant input for UK monetary policy. The Bank of England’s central forecast assumes Oil prices fall from $76 to around $71, with inflation peaking near 3.2%, but Brent already trades above $90. A severe scenario with Oil at $100 implies inflation at 4% or higher, underscoring upside risks for UK […]