Chinese delivery big reportedly suspends trips to Israel as Crimson Sea tensions mount

A container ship from China-owned Cosco Shipping on Aug. 7, 2023.

Justin Sullivan | Getty Pictures News | Getty Photos

Chinese point out-owned transport large Cosco suspended shipping and delivery to Israel by means of the Crimson Sea as tensions in the strategic shipping and delivery lane proceed to rise, Israeli state media noted.

The specifics of Cosco’s final decision keep on being undisclosed, according to Israeli financial information outlet Globes.

Attacks on ships traversing the Crimson Sea by Iran-backed Houthi militants have pushed ocean freight rates increased and led to longer shipping and delivery journeys as shippers reroute to vacation the very long way around South Africa’s Cape of Excellent Hope as an alternative.

Hong Kong-shown shares of Cosco had been down 3% on Monday.

Source

World

Iran warns of regional conflict if U.S. attacks, designates EU armies ‘terrorists’

February 1, 2026

Two armed members of Iran’s police special forces stand behind a country flag placed on an armored military vehicle during a pro-Government rally in downtown Tehran, Iran, on January 12, 2026. Nurphoto | Nurphoto | Getty Images Iran’s leadership warned of a regional conflict on Sunday if the U.S. were to attack it, stoking the […]

‘Melania’ earns a surprising million, best non-music documentary debut in a decade

World

‘Melania’ earns a surprising $7 million, best non-music documentary debut in a decade

February 1, 2026

Movie posters for the documentary “Melania” featuring U.S. first lady Melania Trump are displayed in a New York City subway station, in New York, U.S., Jan. 14, 2026. Jeenah Moon | Reuters Amazon’s “Melania” earned $7 million at the domestic box office during its debut this weekend, the highest opening for a non-music documentary in […]

World

Political risk: How Trump 2.0 is affecting investment in U.S. assets

February 1, 2026

Heightened political risk might become the backdrop for U.S. stocks for the foreseeable future. January saw the U.S. attack Venezuela and President Donald Trump attempt to annex Greenland , threatening new tariffs on eight European allies. By the end of the month, the Abraham Lincoln Carrier Strike Group was sailing toward Iran after Trump signaled […]