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BREAKING
Hezbollah: Experience has proven that this enemy does not respect covenants, does not abide by any agreements, and only grasps the language of force
Hezbollah: This aggression is nothing but a new episode in the enemy's plans to invade countries and sow discord and divisions among the people of one nation
Hezbollah: The aggression against Syria is a continuation of the series of attacks carried out against Lebanon, Palestine, and Yemen
Hezbollah: We strongly condemn the brutal Zionist aggression that targeted our brotherly country, Syria, in a blatant attack on its national sovereignty
Sheikh al-Hijri: Any person or entity that deviates from the unified position and communicates or agrees will expose itself to accountability without exception or leniency
Sheikh al-Hijri: There is no agreement, negotiation, or authorization with the armed gangs that falsely call themselves the government
Sheikh al-Hijri: We call on the remnant gang members to lay down their weapons and surrender
Hekmat al-Hijri: We consider continuing the defense and fight a national, humanitarian, and moral duty that cannot be compromised
Sheikh Hikmat al-Hijri: The spiritual leadership of the Druze community stresses the need to continue defending and fighting until the liberation of Sweida
IOF Northern Command chief Maj.-Gen. Uri Gordin: We are upping the pressure and the pace of attacks, and we will continue the attack in the southern Syrian region

EU worried Red Sea situation could spark inflation

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Jan 2024 20:44
3 Min Read

European Union Economy Commissioner Paolo Gentiloni expressed that despite positive news coming from the labour market, there is "increasing concerns" regarding geopolitical tensions.

  • x
  • EU worried Red Sea attacks could spark inflation
    Paolo Gentiloni addresses the plenary chamber at the European Parliament in Brussels on April 28, 2021 (AP)

European Union Economy Commissioner Paolo Gentiloni warned on Monday that unrest in the Red Sea might raise energy costs and inflation in the EU.

At the EU finance ministers meeting Gentiloni expressed that despite positive news coming from the labor market, there are "increasing concerns" regarding the geopolitical tensions.

Gentiloni remarked that events in the Red Sea are not causing any obvious consequences on energy and inflation but they should be "monitored very closely because these consequences could materialize in the coming weeks."

Last week, the US military launched strikes against multiple targets in Yemen, adding that "the strikes were from fighter jets and Tomahawk missiles."

The Yemeni SABA news agency in Sanaa also reported that the American-Israeli-British aggression launched multiple airstrikes on the capital Sanaa and the provinces of Hodeidah, Saada, and Dhamar.

This was Operation Prosperity Guardian's attempt at countering the inflation of prices as Yemen targets ships, thus imposing additional costs on ships passing through the Red Sea canals as they reroute to avoid the area. However, Western support for genocide and aggression in the Middle East backfires and threatens its economic revival. 

Oil prices saw an influx following the US and UK's attacks on Yemen, instigating worries about the escalation of the conflict in the oil-rich region. 

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The attack, backed by Australia, Canada, the Netherlands, and Bahrain, raised crude prices by more than 2% on Friday, with reports estimating that prices have surpassed $75 and could reach $80.

In November, the Yemeni resistance announced its decision to target all Israeli-linked commercial and military ships transiting the Red Sea. 

They vowed to continue to do so until the genocide on the people of Gaza comes to a complete halt. 

Yemeni missile strikes US container ship near Yemen coast: US Centcom

On Monday, a US-owned ship off the coast of Yemen was reportedly struck by a missile, according to information from the UK maritime security firm Ambrey.

The targeted vessel was identified as a bulk carrier flying the Marshall Islands flag, located near Aden.

The US Central Command further confirmed that a Yemeni missile struck a US container ship in the Red Sea, with no reported casualties, according to the US military.

On Jan. 15 at approximately 4 p.m. (Sanaa time), Iranian-backed Houthi militants fired an anti-ship ballistic missile from Houthi-controlled areas of Yemen and struck the M/V Gibraltar Eagle, a Marshall Islands-flagged, U.S.-owned and operated container ship. The ship has… pic.twitter.com/gixEMaUiVT

— U.S. Central Command (@CENTCOM) January 15, 2024

UKMTO WARNING 009/JAN/2024 - UPDATE 001

ATTACK

Warnings - 2024 (https://t.co/5An1YH0JyE)#MaritimeSecurity #MarSec pic.twitter.com/U3Y3S3qx9V

— United Kingdom Maritime Trade Operations (UKMTO) (@UK_MTO) January 15, 2024

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