Today
- Opinion
- Opinion
Shippers know the Suez is always a crisis waiting to happen
The channel should still be used, when it’s safe, as the savings are great. But knowing there’s a backup is enough assurance that the global economy won’t crash.
- Tim Culpan
Oil edges higher as Red Sea risks outpace rising US inventories
Oil swung in a wide range before ending the session in New York modestly higher, extending its winning streak to three days.
- Updated
- Julia Fanzeres and Alex Longley
Over 100 container ships reroute as US weighs Red Sea response
Insurance premiums are surging for those who do cross the Red Sea, freight rates are up and so are oil prices – all potential factors for more inflation.
- Stefan Nicola
Hamas leader visits Egypt amid intensive talks on new ceasefire
Ismail Haniyeh, who usually lives in Qatar, typically wades publicly into diplomacy only when progress seems likely.
- Nidal al-Mughrabi, Bassam Masoud and Dan Williams
Yesterday
- Analysis
- Yemen
The Houthi rebels ignored for 10 years who threaten global trade
Gulf experts say the West may have underestimated the power of the Iran-backed militant group.
- James Rothwell and James Crisp
Street fighting rages in Gazan city as UN delays vote again
Khan Younis residents reported intensifying gun battles on Wednesday between Hamas fighters and Israeli forces in the centre and eastern districts of the southern city.
- Nidal al-Mughrabi and Bassam Masoud
Shares hit a high; Trump not eligible; 2023 good and bad
Read everything that’s happened in the news so far today.
West warns Houthis as US looks to expand Red Sea force
A surge in its harassment of merchant shipping in the Red Sea by the Houthi militant group has driven a rise in oil prices and raised concerns about global trade.
- Updated
- Matthew Cranston
Israel ready to pause fighting again for more hostages
Israeli President Isaac Herzog told ambassadors from around the world the country is prepared to agree to a pause in exchange for more hostages.
- Gwen Ackerman
Red Sea shipping chaos, by the numbers
Since the attacks ramped up last month, at least 13 vessels have been subject to incidents in the area. Ambrey Intelligence puts the figure even higher.
- Alex Longley
This Month
Freight, oil climb as Red Sea attacks shut down shipping
Intensifying attacks from Houthi rebels in the Red Sea hastened a US-led response to a dangerous escalation of the Gaza war that threatens global trade.
- Jenny Wiggins, Jacob Greber, Sarah Jones and Mark Mulligan
- Analysis
- ALP
The political establishment isn’t backing the Palestinians
An anti-Israel petition for politicians secured only 215 signatures, mostly minor figures, demonstrating support for the Jewish state in political circles.
- Aaron Patrick
Oil climbs as Red Sea attacks shut down shipping
The threat from Houthi militants is forcing major container lines to pull out of the area, raising fears the Israel-Hamas war will undermine the global economy.
- Updated
- Elizabeth Low
US envoys work for new hostage deal as Israeli barrage continues
US officials have repeatedly expressed concern about the large number of civilian deaths in Gaza. Still, there is no sign yet that a shift in the war is imminent.
- Tara Copp, Melanie Lidman and Samy Magdy
- Opinion
- Chanticleer
Red Sea oil spike is exactly what markets and central banks don’t need
Falling energy price have made the fight against inflation much easier, which in turn has boosted markets. The Red Sea attacks threaten to change that.
- James Thomson
- Opinion
- Benjamin Netanyahu
What worries me about the Gaza war after my trip to Arab states
No Gulf Arab state will come into Gaza with bags of money to rebuild it unless Israel has a legitimate Palestinian partner and commits to a two-state solution.
- Thomas Friedman
NT Chief Minister Natasha Fyles resigns
Natasha Fyles has resigned following revelations she holds undisclosed shares in a manganese mine; Westpac warns customers of “intermittent” disruptions. Here’s how the day unfolded.
- Updated
- Gus McCubbing and Lois Maskiell
RBA considered rate rise; Oil, gas surge; WFH’s new phase
Read everything that’s happened in the news so far today.
More than 100 members of this Gaza clan have been killed in war
Family trees have been dismembered, and whole branches obliterated, since the conflict between Israel and Hamas broke out on October 7.
- Vivian Yee and Iyad Abuheweila
Israel opens aid crossing to Gaza, steps up bombardment
Two security sources from Egypt said Israel and Hamas were open to a renewed ceasefire and hostage release, though disagreements remained on how it would be implemented.
- Nidal al-Mughrabi, Ibrahim Abu Mustafa and Emily Rose
