Yemen's Houthi rebels accused Washington on Thursday of designating them a terrorist group for supporting the Palestinian people, their stated motive for months of attacks on Israel and in the Red Sea ...
The move will authorize harsher penalties on the Iran-backed group, which has attacked Israel and disrupted global shipping trade in the Red Sea for over a year.
President Donald Trump redesignated the Yemeni Islamic terrorist group, Ansar Allah, also known as the Houthis, as a Foreign Terrorist Organization (FTO).
The hiatus in Houthi attacks on Red Sea shipping is likely to further weaken falling rates in the chemical tanker sector. Investment bank Norne Securities believes a gradual return to normality in the ...