More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this week as attacks on shipping in the Red Sea continued, analysts said on Friday.
Tag Archives Gaza Israel War
More grain ships divert from Red Sea as attacks continue
Millions of tons of grain cargo have avoided the area since December, analysts say
Volatile oil market most likely to improve says analyst
Israel-Gaza war, Red Sea attacks having less impact than expected
As the global oil market continued to ready itself for 2024, one analyst stated it’s more likely prices will increase than to drop further. Phil Flynn of the Price Futures Group in Chicago said one’s outlook on crude oil is predicated on their economic view.
Foodgrains Bank calls for urgent aid in Gaza
Humanitarian groups have had limited access to the besieged area
Over 6,000 men, women and children in Israel and Gaza have died in two weeks of conflict, the Foodgrains Bank said. More than 1.4 million people have been displaced.
As a member of the Humanitarian Coalition, the Foodgrains Bank is working with partner organizations and local groups to bring humanitarian assistance to the area.
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