US military says American forces on Wednesday carried out strikes on 14 missiles in Yemen that were ready to be launched and posed a threat to civilian and military vessels . The same day, US relisted the Iran-backed rebels as global terrorists, which was followed by another Houthi attack on a US-owned commercial ship in the Gulf of Aden.

Red Sea Crisis: US in new strikes against Houthi targets in Yemen

The tensions in Southwest Asia continue to escalate towards a crisis as Pakistan retaliated with multiple strikes in Iran a day after Tehran targeted a Sunni jihadist group based out of Balochistan.

Morning brief: Pakistan retaliates with strikes inside Iran; Red Sea crisis escalates amid Gaza war

Higher exports helped India's merchandise trade deficit come down to lower than expected at $19.8 billion in December, data showed on Monday, though officials signalled that the turmoil in the Red Sea could have an impact on this month's figures.

India sees December exports boost, but all eyes on Red Sea

The Red Sea crisis has unleashed a cascade of disruptions in global shipping. Container rates have skyrocketed for routes from India to the US and doubled or even tripled for certain European regions. Now, oil prices have surged as the US and its allies launched airstrikes against Houthi rebels in Yemen.

Oil prices surge: Red sea crisis hits global businesses

Tesla, the US electric vehicle giant, has announced a temporary halt to most car production at its Berlin factory from January 29 to February 11. This is based on a Reuters report.

Tesla Berlin halts production amid Red Sea disruption crisis. Here are the details

The US-led 12-nation coalition has warned Yemen-based and Iran-backed Houthi rebels of "consequences" unless they stop their attacks on shipping vessels in the Red Sea.

US, allies warn Yemen's Houthis of 'consequences' if Red Sea shipping crisis continues

There is no respite for battered global supply chains. First, trade wars and then Covid-led restrictions disrupted global supply chains. Now, it is the Israel-Hamas war that is distorting them further.

Red Sea crisis weighs on already disrupted global supply chains

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