logo
Israel attacks Yemeni port city, Houthi rebels say

Israel attacks Yemeni port city, Houthi rebels say

DUBAI, United Arab Emirates (AP) — Israel attacked docks in Yemen's port city of Hodeida on Tuesday, the Houthi rebels said.
The Houthis announced the attack via their al-Masirah satellite news channel.
They said the attack targeted docks there, without elaborating.
There was no immediate acknowledgment of the attack from Israel.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil prices ease but hover near two-month highs as Middle East tensions escalate
Oil prices ease but hover near two-month highs as Middle East tensions escalate

Yahoo

time17 minutes ago

  • Yahoo

Oil prices ease but hover near two-month highs as Middle East tensions escalate

Oil prices fell on Thursday morning, easing back after rallying but hovered around their highest point in two months, as investors eyed escalating tensions in the Middle East and a potential disruption to supply. Brent crude futures (BZ=F) fell 0.9% to $68.31 a barrel, at the time of writing, while West Texas Intermediate futures (CL=F) declined 0.9% at $67.56 a barrel. US president Donald Trump said on Wednesday that some of US personnel were being moved out of the Middle East because "it could be a dangerous place to be". This came following reports earlier in the day that the US was preparing a partial evacuation of its embassy in Baghdad, Iraq. CBS News reported that US officials had been told Israel was ready to launch an operation into Iran and that the US anticipated Iran could retaliate on certain American sites in Iraq. Read more: FTSE 100 LIVE: Stocks slump as UK GDP contracts in blow to Rachel Reeves Trump said in an interview with the New York Post, released earlier on Wednesday, that he was "less confident" about getting Iran to agree to halt its nuclear programme. In a press briefing on Wednesday, Iran's defence minister Aziz Nasirzadeh said: "Some officials on the other side threaten conflict if negotiations don't come to fruition. If a conflict is imposed on us ... all US bases are within our reach and we will boldly target them in host countries." Matt Britzman, senior equity analyst at Hargreaves Lansdown, said that oil prices remain near a two-month high "driven by rising US-Iran tensions and fears of supply disruptions. At the same time, optimism about energy demand grew after the US and China reached a trade framework, and US crude stockpiles fell more than expected, signalling strong consumption." Gold prices jumped on Thursday morning, as Middle East tensions buoyed demand for the safe-haven asset. Gold futures (GC=F) surged nearly 1% to $3,376 per ounce at the time of writing, while the spot gold price advanced 0.1% to $3,359.49 per ounce. The precious metal is considered to be a safe haven asset, in acting as a hedge amid political and economic uncertainty. Britzman said: "Gold was another winner, with its safe-haven appeal gaining traction amid rising Middle East tensions and softer US inflation data, which gave a modest boost to expectations for rate cuts." Read more: UK economy shrinks by 0.3% in April Data released on Wednesday showed that the US consumer prices index (CPI) rose by 0.1% month-on-month, which was below April's 0.2% rise and lower than economists' estimates of a 0.2% monthly gain in prices. On an annual basis, CPI rose 2.4% in May, a slight uptick from April's 2.3% gain, which marked the lowest yearly increase since February 2021. Investors were also monitoring the latest trade developments, after Trump said in a social media post on Wednesday afternoon that Washington's deal with China is "DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME". The pound rose slightly against the dollar (GBPUSD=X) on Thursday morning, up 0.2% to $1,3571, despite a bigger than expected contraction in UK economic growth. The Office for National Statistics (ONS) said that the UK's gross domestic product (GDP) — the standard measure of an economy's value — shrank by 0.3% in April, which was more than the 0.1% contraction expected by economists. The fall followed growth of 0.2% in March and a 0.7% rise in GDP in the first quarter. This latest economic data comes a day after chancellor Rachel Reeves delivered the UK spending review, sharing details of governmental department budgets for the next few years. Key announcements included a £29bn per year increase in funding for the NHS, while the government's defence budget is set to increase from 2.3% to 2.6% of the country's gross domestic product (GDP) from 2027. Reeves also shared details of a £39bn boost to funding for affordable housing and £15.6bn for transport projects in England's largest city regions outside of London. Stocks: Create your watchlist and portfolio Danni Hewson, head of financial analysis at AJ Bell, said: "It's hard not to look at today's headline fall in economic growth as anything other than inevitable. Company after company had warned the chancellor that the decisions taken during last year's budget would impact business growth and create huge uncertainty about existing staffing levels." "Rachel Reeves has said she is determined to deliver growth, and her spending plans have been given a cautious welcome by business groups up and down the country — but the caution speaks volumes," she said. "Can the government's trade policies and spending plans deliver the promised growth or was the energy demonstrated by the UK economy at the start of the year merely a tease?" In other currency moves, the pound fell 0.4% against the euro (GBPEUR=X), trading at €1.1743 at the time of writing. More broadly, the the FTSE 100 (^FTSE) was little changed, trading at 8,863 points at the time writing. For more details, on broader market movements check our live coverage here. Read more: Bitcoin price dips as markets cool after US-China tariff talks What you need to know about UK's private stock market Pisces UK house prices remain flat as buyer demand and sales steadyError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Iran Says It Will Scale Up Nuclear Work After U.N. Atomic Agency Vote
Iran Says It Will Scale Up Nuclear Work After U.N. Atomic Agency Vote

Wall Street Journal

time24 minutes ago

  • Wall Street Journal

Iran Says It Will Scale Up Nuclear Work After U.N. Atomic Agency Vote

Iran said it would open a new uranium enrichment facility and increase its production of highly enriched fissile material after the U.N. atomic agency member states declared Tehran had failed to comply with its nuclear nonproliferation obligations, casting a fresh shadow over struggling U.S.-Iran nuclear talks. Iran's announcement comes ahead of a sixth round of nuclear negotiations between the U.S. and Iran expected on Sunday. President Trump said on Monday he had grown less confident about striking a deal with Tehran.

IAEA board resolution declaring Iran in breach of non-proliferation duties
IAEA board resolution declaring Iran in breach of non-proliferation duties

Yahoo

timean hour ago

  • Yahoo

IAEA board resolution declaring Iran in breach of non-proliferation duties

VIENNA (Reuters) -Below are key passages from a four-page resolution on Iran that diplomats said the International Atomic Energy Agency's 35-nation Board of Governors passed on Thursday. The text is still confidential and was seen by Reuters. The Board of Governors,... (d) Recalling the Board of Governors' resolutions of 19 June 2020... , of 8 June 2022 ... , of 17 November 2022 ..., of 5 June 2024 ..., and of 21 November 2024 ..., which called upon Iran to fully cooperate with the Agency and decided that it is essential and urgent, in order to ensure verification of the non-diversion of nuclear material, that Iran act to fulfil its legal obligations and, with a view to clarifying all outstanding issues, take all specified actions without delay, (e) Regretting that despite the above resolutions by the Board and numerous opportunities provided by the Director General since 2019, Iran has failed to provide the co-operation required under its Safeguards Agreement, impeding Agency verification activities, sanitizing locations, and repeatedly failing to provide the Agency with technically credible explanations for the presence of uranium particles of anthropogenic origin at several undeclared locations in Iran or information on the current location(s) of nuclear material and/or of contaminated equipment, instead stating, inconsistent with the Agency's findings, that it has declared all nuclear material and activities required under its Safeguards Agreement, (f) Noting the Director General's conclusion ... that Iran did not declare nuclear material and nuclear-related activities at three undeclared locations in Iran, specifically, Lavisan-Shian, Varamin, and Turquzabad, and that, because of the lack of technically credible answers by Iran, the Agency is not in a position to determine whether the nuclear material at these undeclared locations in Iran has been consumed, mixed with other declared material, or is still outside of Safeguards, (g) Noting with concern the Agency's conclusion that these undeclared locations were part of an undeclared, structured programme carried out by Iran until the early 2000s, and that some of these activities used undeclared nuclear material, (h) Noting with concern the Agency's conclusion that Iran retained unknown nuclear material and/or heavily contaminated equipment, and other assets, arising from the former undeclared structured nuclear programme, at Turquzabad in the period 2009 until 2018, after which items were removed from the location, the whereabouts of which remain unknown, ... (k) Noting that Iran's failure on numerous occasions to co-operate to facilitate the implementation of Safeguards, while pursuing activities consistent with concealment efforts, including extensive sanitization and the provision of inaccurate explanations, represents a significant impediment to the Agency's ability to clarify and verify Iran's declarations and the exclusively peaceful nature of Iran's nuclear programme, (n) Regretting Iran's failure to provide the Agency with technically credible explanations regarding undeclared nuclear material, ... (o) Reiterating its concern that Iran has still not provided necessary, full and unambiguous cooperation with the Agency and has not taken the essential and urgent actions as decided by the Board in its June and November 2024 resolutions ... , and (p) Concerned that the Agency is at an impasse with regards to resolving these issues, 1. Deeply regrets that, despite repeated calls from the Board and many opportunities offered, Iran has failed to co-operate fully with the Agency, as required by its Safeguards Agreement; ... 3. Finds that Iran's many failures to uphold its obligations since 2019 to provide the Agency with full and timely cooperation regarding undeclared nuclear material and activities at multiple undeclared locations in Iran ... constitutes non-compliance with its obligations under its Safeguards Agreement with the Agency ...; 4. Finds also consistent with Article 19 of Iran's Comprehensive Safeguards Agreement ... that the Agency is not able to verify that there has been no diversion of nuclear material required to be safeguarded under the Agreement to nuclear weapons or other nuclear explosive devices; 5. Finds also that the Director General's inability ... to provide assurance that Iran's nuclear programme is exclusively peaceful gives rise to questions that are within the competence of the United Nations Security Council, as the organ bearing the main responsibility for the maintenance of international peace and security, consistent with Article III.B.4 of the Agency's Statute, and expresses its grave concern in this regard; 6. ... The Board will address the timing and content of the report required under Article XII.C of the Agency's Statute and also provided for in Article 19 of Iran's Comprehensive Safeguards Agreement, and the notification required under Article III.B.4 of the Agency's Statute; 7. Reaffirms its decision that it is essential and urgent in order to ensure verification of the nondiversion of nuclear material that Iran act to fulfil its legal obligations and, with a view to clarifying all outstanding Safeguards issues, take the following actions without delay: i. Provide technically credible explanations for the presence of uranium particles of anthropogenic origin in two undeclared locations in Iran, ii. Inform the Agency of the current location(s) of the nuclear material and/or of the contaminated equipment, iii. Provide all information, documentation and answers the Agency requires for that purpose, and iv. Provide access to locations and material the Agency requires for that purpose, as well as for the taking of samples as deemed appropriate by the Agency; ... 10. Calls upon Iran to urgently remedy its non-compliance with its Safeguards Agreement by taking all steps deemed necessary by the Agency and the Board, so that the Director General can provide the necessary assurances regarding the correctness and completeness of Iran's declarations pursuant to its Safeguards Agreement; 11. Stresses its support for a diplomatic solution to the problems posed by the Iranian nuclear programme, including the talks between the United States and Iran, leading to an agreement that addresses all international concerns related to Iran's nuclear activities, encouraging all parties to constructively engage in diplomacy; ...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store