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11.10.25 - 00:03
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Trump′s Gaza Peace Spillover: Investors Foresee End Of Red Sea Shipping Crisis (ZeroHedge)
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Trump's Gaza Peace Spillover: Investors Foresee End Of Red Sea Shipping Crisis
The Iran-linked Houthis of Yemen appear to have halted their missile and drone attacks on Israel as the US-backed Gaza ceasefire has gone into effect Friday.
There have not been any recent observable attacks since both sides agreed to accept Trump's 20-point peace plan, with the Houthis now saying they are 'monitoring' the ceasefire and Israel's compliance, suggesting no more attacks while it is pending. Maritime industry sources in Europe are signaling optimism after a vital global transit route has been effectively blocked for much of the last two years.
Illustrative from 2024, Flexport/Microsoft
Leader of the Houthis, Abdul-Malik al-Houthi, declared Thursday, "We must be at the highest levels of caution and readiness, and continue the massive popular momentum with the Palestinian people, until we determine whether the agreement will be achieved, or whether we will continue our path of support and assis...
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13.02.25 - 10:12
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Houthis Vow To Unleash Hell On Red Sea Shipping Again As Gaza Truce Teeters (ZeroHedge)
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Houthis Vow To Unleash Hell On Red Sea Shipping Again As Gaza Truce Teeters
Yemen's Houthis have declared "our hands are on the trigger" ready to resume attacks on Israel and especially Red Sea shipping of the Gaza ceasefire falters.
"Our hands are on the trigger, and we are ready to immediately escalate against the Israeli enemy if it returns to escalation in the Gaza Strip," said leader Abdul Malik al-Houthi on Tuesday.
The ceasefire is indeed teetering, given Netanyahu's security cabinet has backed Trump's ultimatum demanding the return of all remaining Israeli hostages in Hamas captivity or else "let hell break out" and the Israeli military onslaught on Gaza would continue. He gave a noon Saturday deadline.
AFP/Getty Images
The ceasefire agreement is still within the first of three phases, and Hamas and Israel have been trading accusations of the other having broken the deal.
The Houthis have since November of 2023 launched over 100 attacks on commercial an...
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27.09.24 - 02:27
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Judge Approves Norfolk Southern′s $600 Million East Palestine Settlement For Toxic Train Derailment (ZeroHedge)
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Judge Approves Norfolk Southern's $600 Million East Palestine Settlement For Toxic Train Derailment
Judge Benita Y. Pearson of the Northern District of Ohio, an Obama appointee, approved a $600 million class-action settlement on Wednesday, requiring Norfolk Southern to pay residents within East Palestine, Ohio, and a 20-mile radius around the town following last year's toxic train derailment disaster that essentially nuked the small town with thick, black plumes of dangerous chemicals.
The deal that Judge Pearson signed off on was approved on Wednesday. It covers the February 3, 2023 derailment in the small blue-collar town of about 5,000 people. The settlement was first announced in April.
During yesterday's hearing in Youngstown, the judge called the settlement proposal "fair, reasonable, and adequate," yet she also authorized $162 million in attorney fees.
The lawsuits stem from the February 2023 derailment of a Norfolk Southern freight train in East Palestine that led to a...
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