Israel News

Yemeni Houthi militia leader Abdul-Malik al-Houthi said on Thursday (July 10) that no company would be permitted to transport goods related to Israel through designated areas at sea.“It is not permissible for any company transporting goods for the Israeli enemy through the declared area of operations. Our position in this regard is firm," said al-Houthi in his weekly televised speech.The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships…

A damaged unit of the South Pars refinery's Phase 14, which was hit by Israel in its first strike on Iran's oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.South Pars, the world's biggest gas field, is located offshore in Iran's southern Bushehr province and is responsible for the lion's share of the country's gas production.Iran is the world's third largest gas producer after the United States and Russia.Gas production was not halted and the damaged unit was repaired in about 10 days…

Iran and Israel accused each other of endangering commercial activity in sea lanes around the Gulf and the Red Sea at the UN's shipping agency on Wednesday, as their military conflict escalated.Iran's delegation told a session of the International Maritime Organization's security committee that Israel had in recent days extended its "unlawful attacks" to include petrochemical and gas infrastructure in Asalouyeh along Iran's Gulf coast."These actions directly endanger international maritime security and the global energy supply chain…

War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday.The cost of a seven-day voyage to Israeli ports was quoted between 0.7% and 1.0% of the value of a ship, versus around 0.2% a week ago, they said.War risk premiums to Israel are still below a peak of over 2% in November 2023 that were quoted after a Hamas attack on Israel killed 1,200 people and triggered the Israeli invasion of Gaza.Individual underwriters will price risk and rates differently…

When tensions rise in the Middle East, it can be helpful to look at what is not happening as much as what is.In the crude oil market, this means focusing on the fact that so far not a single barrel of crude oil supply has been lost. It is in the interests of all involved parties that this remains the case.Crude oil prices rose again in early trade in Asia on Monday, with global benchmark Brent futures LCOc1 gaining 2.1% to trade at $75.76 a barrel.This built upon the 7% leap on June 13…

Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes against Iranian nuclear facilities and missile factories.In response, an emergency plan was enacted prioritising gas allocations, including cutting supply to some industries, Egypt’s Petroleum Ministry said in a statement.Power stations have ramped up their use of fuel oil to maximum available levels…

Peter Sand, Xeneta Chief Analyst, shared insights following the escalation of the Israel-Iran conflict.“Geo-politics is once again threatening the safety and stability of global supply chains so we must hope for de-escalation in the conflict between Israel and Iran, with concerns it could see a de-facto closure of the Strait of Hormuz—a vital entry point for container ships calling at ports such as Jebel Ali and the wider Arabian Gulf region," said Sand.“Any closure of the Strait of Hormuz would see services re-routed…

Israel stepped up pressure on Yemen's Houthis on Tuesday, deploying its navy to hit targets in the Red Sea port of Hodeidah and threatening the Iran-aligned movement with a naval and air blockade if attacks on Israel persist.Houthi-run Al Masirah TV said Israel carried out two strikes on the docks of Al Hodeidah port. The Israeli army said in a statement that the navy struck Houthi targets, adding the port is used by the group to transfer weapons.There were no immediate reports of casualties.

Yemen's Iran-aligned Houthis announced on Monday what they called a "maritime blockade" on Israel's Haifa port in response to Israel's ongoing conflict in Gaza."All companies with ships present in or heading to this port are hereby notified that, as of the time of this announcement, the aforementioned port has been included in the list of targets," the group's spokesperson Yahya Saree said in a televised address.The Houthis have continued to fire missiles at Israel including on Ben Gurion Airport near Tel Aviv in what they say is solidarity with Palestinians in Gaza…

Yemen's Houthis said on Sunday they would maintain their maritime blockade against Israeli vessels in response to "intelligence information" regarding Israeli shipping companies selling their assets to other companies.The Iran-aligned Houthis have said they are intensifying their attacks to support Hamas and Hezbollah in their resistance against Israeli actions in the region."Intelligence information confirms that many companies operating in maritime shipping affiliated to the Israeli enemy are working to sell their assets and transfer their properties from shipping and maritime transport ship

Human rights lawyers have filed a court appeal in Berlin seeking to block a 150-metric-ton shipment of military-grade explosives aboard German cargo ship MV Kathrin which they say is to be delivered to Israel's biggest defence contractor.The European Legal Support Center (ELSC) said on Wednesday the action was filed on behalf of three Palestinians from Gaza, arguing that the shipment of primarily RDX explosives could be used in munitions for Israel's war in Gaza, potentially contributing…

Spain has refused permission for an Israel-bound ship carrying arms to call at the southeastern port of Cartagena, Transport Minister Oscar Puente said on Thursday.The Marianne Danica was carrying a cargo of arms to Israel and had requested permission to call at Cartagena on May 21, Puente said on X.It was carrying nearly 27 tons in explosive material from India's Madras, El Pais reported.The Foreign Ministry, which Puente said denied the authorisation, did not immediately reply to repeated requests for comment.H.