A multi-million-dollar US warplane failed to land on the Harry S. Truman aircraft carrier and plummeted into the Red Sea yesterday, the US military said, the second jet lost from the ship in just over a week. The two-seat F/A-18F Super Hornet fighter jet, worth around $67 million, went overboard after an unsuccessful attempt to […]
•Boat mishap Egyptian authorities said 17 people including foreigners were missing after a tourist yacht capsized off the country’s Red Sea coast today, with 28 others rescued. The vessel, which was carrying 31 tourists of various nationalities and a 14-member crew, sent out a distress signal at 5:30 am (0330 GMT), said a statement from [&hell...
•Barrels of crude oil Oil prices shot up nearly three percent today as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen’s Iran-backed Huthi rebels. Meanwhile US stocks sought to continue last week’s rally on expectations that the US Federal Reserve will cut interest rates next year, although it appear...