Officials stop short of signalling diplomatic or military assistance to defuse crisis in crucial waterway
Biden administration moves to redesignate Iran-backed group as a terrorist organisation
Move comes as Yemen-based militants continue attacks on vessels in Red Sea
Volvo Cars joins companies affected by delivery hold-ups as Yemeni group targets shipping route
PM tells MPs that Britain ‘will not hesitate’ to protect its interests where required
Missile attack on commercial vessel the most significant since US-led strikes against Yemeni militants
While immediate economic hit from crisis is limited, concerns of spillover from of a broader conflict are growing
Attack stokes fears that conflict in the Middle East will escalate
Also in this newsletter: Citigroup cuts 20,000 jobs, tension in Taiwan ahead of crucial election, science round-up
Joe Biden says action is response to ‘unprecedented’ attacks by Iran-backed militia on ships in the Red Sea
Biden administration struggles to balance deterrence and diplomacy amid shockwaves of Israel-Hamas war
Brent rises following US-UK strikes in Yemen and advisory warning to vessels
A peaceful outcome looks increasingly remote as more regional actors are drawn in
SEC approves first spot bitcoin ETFs in boost to crypto advocates
Attacks on shipping show how easily global supply chains can be disrupted
Yemeni ‘military entrepreneurs’ threaten global trade through the Red Sea with backing from Iran
Latest Houthi attacks accelerate plans to divert vessels round the Cape of Good Hope
Iran-backed group detonates one-way unmanned surface vessel in crucial global shipping lane
London willing to take ‘direct action’ if necessary as Washington vows to protect its interests
Treasury imposes sanctions on entities in Turkey and Yemen after attacks on commercial vessels around Red Sea
White House declassifies intelligence pointing to Tehran’s role and warns of ‘response’
Maersk becomes latest group to divert vessels due to threat of Iranian-backed rebel attacks on Suez route
Brent crude and benchmark gas prices jump over disruption of route that handles about a 10th of global trade
M?rsk and Hapag-Lloyd halt journeys as threats mount to global supply chains through Suez Canal
Threat posed by Iran-backed group in Middle East ‘encompasses significantly more vessels’
