Houthi attacks
Indian Logistics Sector Adapts Swiftly To Red Sea Crisis
International News Trade

Eurocommerce Urges EU Intervention In Red Sea Crisis, Citing Impact On Retailers

Eurocommerce, a European retail sector association, urged European Union institutions and member states to settle the Red Sea situation, which has interrupted trade, stating in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have moved container ships away from the Red Sea to avoid Houthi insurgent […]

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Russia Remains Top Oil Source For India, Despite Red Sea Woes
Finance Government News

Oil Prices Rise 2% After US, Britain Strike Houthi Targets

Oil prices rose 2 per cent on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea. The attack added to market concerns about the potential impact a broader conflict in the […]

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Indian Logistics Sector Adapts Swiftly To Red Sea Crisis
Government News Trade

India Calls High-Level Meeting To Tackle Red Sea Trade Disruptions

The Union commerce ministry has announced a high-level inter-ministerial meeting scheduled for next week, aiming to address and strategise against the challenges posed to India’s trade by the ongoing issues in the Red Sea. As per reports, the meeting would involve senior officials from five key ministries, namely external affairs, defence, shipping, finance, and commerce. […]

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