Two tankers carrying Saudi crude to Asia have reversed course in the Red Sea after Yemen’s Houthis announced a blockade of Saudi ports, raising fears that disruptions to another of the world’s most important shipping routes could further restrict global oil supplies. The vessels, the Rodos and Xin Long Yang, were carrying a combined 2.8…
(July 22, 2026 / JNS) Israel’s Defense Ministry is drafting a plan to expand domestic weapons production and reduce reliance on foreign suppliers, Maj. Gen. Amir Baram (res.), the ministry’s director general, said after a meeting with Manufacturers Association President Avraham Novogrodsky. According to a ministry statement on Wednesday, Baram said the plan aims to…
• United States State Employment and Unemployment – 3:00 p.m. British Summer Time• United States Usual Weekly Earnings, Second Quarter – 3:00 p.m. British Summer Time• European Central Bank Bank Lending Survey – 9:00 a.m. British Summer Time Middle East diplomacy has temporarily pulled Brent crude below ninety dollars, but the underlying supply threat remains…
Israeli exports reached an all-time high of $169 billion over the past year, according to official annual figures from the Foreign Trade Administration submitted to Economy and Industry Minister Nir Barkat. The total exceeded both the ministry’s conservative forecast of $165 billion and the previous record of just over $166 billion set in 2022. The…
In a dramatic twist, two oil tankers carrying Saudi crude for China and India executed unexpected U-turns in the Red Sea on Tuesday, steering toward the Suez Canal. This strategic diversion was captured by shipping data from LSEG, and it followed a declaration by Yemen’s Houthi militia of a naval blockade against Saudi ports. This…
Israel Aerospace Industries (IAI) announced Brigadier-General (ret.) Guy Barlev as its new CEO on Tuesday, with the decision now pending government approval. “We are proud to announce the conclusion of a structured, in-depth, and thorough process by the search committee, tasked with selecting a CEO for IAI,” said Boaz Levy, IAI Chairman of the Board…
Image for representation purposes only Yemen’s Iran-backed Houthi rebels on Monday announced a maritime embargo against Saudi Arabia, saying they would block Saudi shipping through the Bab el-Mandeb Strait in response to what they described as the kingdom’s long-running blockade of Yemen and a recent attack on Sanaa International Airport. The announcement has raised concerns…
The United States and Jordan have signed a new reciprocal trade agreement aimed at strengthening economic ties, expanding market access, and deepening strategic cooperation between the two countries. The agreement was signed by US Trade Representative Greer and Jordanian Minister of Industry, Trade, and Supply Yarub Qudah following an announcement by President Trump. It builds…
14 US President Donald Trump has warned that the United States will “take care of business” if Yemen’s Houthi rebels attempt to block shipping through the Red Sea, amid renewed concerns over maritime security in one of the world’s busiest trade routes. Trump’s remarks came after several commercial tankers reportedly made U-turns in the Red…
Two oil tankers that loaded Saudi crude for China and India made U-turns in the Red Sea on Tuesday and headed toward the Suez, according to shipping data on LSEG, following a warning from the Houthis. Shipping companies should not load or discharge cargo at Saudi Arabian ports, and such activity may result in being…
