International

Yemeni Houthi rebels attack US merchant ships and military ships

Yemen’s Shiite Houthi rebels announced Saturday that they had carried out a wide-ranging attack with multiple naval missiles and 37 drones against US merchant ships and military ships in the Red Sea and the Gulf of Aden. This attack, the largest of its kind since the start of the war in Gaza five months ago, was confirmed by Houthi spokesman Yehya Sarea. In his statement, Sarea stated that they managed to successfully attack their objectives and warned that they will continue military operations in response to the situation in Gaza and what they consider a US-British aggression against Yemen.

These statements came after the US Central Command (CENTCOM) announced that it had thwarted a large-scale attack by Houthi rebels and had shot down 15 drones launched against coalition ships and merchant vessels in the region. Centcom later reported that at least 28 additional UAVs were shot down in subsequent engagements, with no damage reported to U.S. or coalition ships.

The Houthis, who are backed by Iran, have controlled large areas of northern and western Yemen since their armed uprising in 2014. Since last November, they have launched multiple attacks on merchant ships in the Red Sea and Arabian Sea, as well as towards Israel, in retaliation for the war in Gaza. Despite bombing raids launched by the US and UK to protect shipping, the Houthis have reiterated their determination to continue their military operations in the region.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.