Houthi Missile Attack Kills 3 Crew Members in Yemen Militias’ First Fatal Assault on Shipping 

A view shows Barbados-flagged bulk carrier vessel True Confidence, in Ravenna, Italy March 10, 2022. (Dario Bonazza via Reuters)
A view shows Barbados-flagged bulk carrier vessel True Confidence, in Ravenna, Italy March 10, 2022. (Dario Bonazza via Reuters)
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Houthi Missile Attack Kills 3 Crew Members in Yemen Militias’ First Fatal Assault on Shipping 

A view shows Barbados-flagged bulk carrier vessel True Confidence, in Ravenna, Italy March 10, 2022. (Dario Bonazza via Reuters)
A view shows Barbados-flagged bulk carrier vessel True Confidence, in Ravenna, Italy March 10, 2022. (Dario Bonazza via Reuters)

A missile attack by Yemen's Iran-backed Houthi militias on a commercial ship in the Gulf of Aden on Wednesday killed three of its crew members and forced survivors to abandon the vessel, the US military said. It was the first fatal strike in a campaign of assaults by the militias over Israel's war on Hamas in the Gaza Strip. 

The attack on the Barbados-flagged, Liberian-owned bulk carrier True Confidence further escalates the conflict on a crucial maritime route linking Asia and the Middle East to Europe that has disrupted global shipping. The Houthis have launched attacks since November, and the US began an airstrike campaign in January that so far hasn't halted their attacks. 

Meanwhile, Iran announced Wednesday that it would confiscate a $50 million cargo of Kuwaiti crude oil for American energy firm Chevron Corp. aboard a tanker it seized nearly a year earlier. It is the latest twist in a yearslong shadow war playing out in the Middle East’s waterways even before the Houthi attacks began. 

The US military's Central Command said an anti-ship ballistic missile launched from a Houthi-controlled area in Yemen struck the True Confidence, causing significant damage to the ship. In addition to the three deaths, at least four crew members were wounded, with three in critical condition. 

Two aerial photos released by the US military showed the ship's bridge and cargo on board ablaze. 

“These reckless attacks by the Houthis have disrupted global trade and taken the lives of international seafarers simply doing their jobs, which are some of the hardest jobs in the world, and the ones relied on by the global public for sustainment of supply chains,” Central Command said. 

The attack came after the ship had been hailed over radio by men claiming to be the Yemeni military, officials said. The Houthis have been hailing ships over the radio in the Red Sea and the Gulf of Aden since beginning their attacks, with analysts suspecting the militias want to seize the vessels. 

After the missile hit, the crew abandoned the ship and deployed lifeboats. A US warship and the Indian navy were on the scene, trying to assist in rescue efforts. 

The ship's managers and owners said the ship's crew of 20 included one Indian, 15 Filipino and four Vietnamese. Three armed guards, two from Sri Lanka and one from Nepal, also were on board. 

“One Vietnamese and two Filipino crew members have lost their lives,” a statement from the owners and managers of the True Confidence said early Thursday. “A further two Filipinos crew members have suffered serious injuries. All crew members were taken to Djibouti.” 

The United Nations called on the Houthis “to cease all attacks against international shipping in the Red Sea,” UN spokesman Stephane Dujarric said, expressing serious concern about the continuing attacks, including the latest incident where the status of the crew is unknown. 

Dujarric said the attacks are causing risks “to property, to life, to ecology in the area.” 

At the State Department in Washington, spokesman Matthew Miller condemned the attack. “We continue to watch these reckless attacks with no regard for the well being of innocent civilians who are transiting through the Red Sea. And now they have, unfortunately and tragically, killed innocent civilians,” he told reporters. 

White House press secretary Karine Jean-Pierre separately warned: “The US obviously is going to continue to take action.” 

Brig. Gen. Yahya Saree, a Houthi military spokesman, claimed the attack in a prerecorded message, saying its missile fire set the vessel ablaze. He said the militias’ attacks would only stop when the “siege on the Palestinian people in the Gaza is lifted.” 

The militias have repeatedly targeted ships in the Red Sea and surrounding waters over the Israel-Hamas war, but up to Wednesday hadn't killed any crew members. The vessels have included at least one with cargo bound for Iran, the Houthis’ main benefactor, and an aid ship later bound for Houthi-controlled territory. 

Despite more than a month and a half of US-led airstrikes, the militias have remained capable of launching significant attacks. They include the attack last month on a cargo ship carrying fertilizer, the Rubymar, which sank on Saturday after drifting for several days, and the downing of an American drone worth tens of millions of dollars. 

It was unclear why the Houthis targeted the True Confidence. However, it had previously been owned by Oaktree Capital Management, a Los Angeles-based fund that finances vessels on installments. Oaktree declined to comment. 

Meanwhile, a separate Houthi assault Tuesday apparently targeted the USS Carney, an Arleigh Burke-class destroyer that has been involved in the American campaign against the militias. The Carney shot down bomb-carrying drones and one anti-ship ballistic missile, Central Command said. Saree acknowledged that attack as well. 

The US later launched an airstrike destroying three anti-ship missiles and three bomb-carrying drone boats, Central Command said. 

The Houthis haven't offered any assessment of the damage they've suffered in the American-led strikes that began in January, though they've said at least 22 of their fighters have been killed. One civilian has reportedly been killed. 

The US Treasury separately announced new sanctions targeting a Houthi financier and the expeditionary Quds Force of Iran's paramilitary Revolutionary Guard, which arms the militias. 

The Houthis have held Yemen's capital, Sanaa, since 2014 when they overthrew the legitimate government. 

Meanwhile, the Indian navy released a video of its sailors from the INS Kolkata fighting a fire aboard the MSC Sky II, which had been targeted by the Houthis in the Gulf of Aden on Monday. The Mediterranean Shipping Co., a Switzerland-based company, said the missile struck the ship as it was traveling from Singapore to Djibouti. No one was injured. 

Iran separately announced the seizure of the crude oil aboard the Advantage Sweet through an announcement carried by the judiciary's state-run Mizan news agency. At the time, Iran alleged that the Advantage Sweet collided with another ship, without offering any evidence. 

The court order for the seizure offered an entirely different reason for the confiscation. Mizan said it was part of a court order over US sanctions it alleged barred the importation of a Swedish medicine used to treat patients suffering from epidermolysis bullosa, a rare genetic condition that causes blisters all over the body and eyes. It didn't reconcile the different reasons for the seizure. 

The Advantage Sweet had been in the Persian Gulf in late April, but its track showed no unusual behavior as it transited through the Strait of Hormuz, where a fifth of all traded oil passes. Iran has made allegations in other seizures that later fell apart as it became clear that Tehran was trying to leverage the capture as a bargaining chip to negotiate with foreign nations. 

Chevron, based in San Ramon, California, said Wednesday that the Advantage Sweet had been “seized under false pretenses" and that the company “has not had any direct communication with Iran over the seizure of the vessel.” 

“Chevron has not been permitted access to the vessel and considers the cargo a total loss due to Iran’s illegal actions,” Chevron said in a statement. “We now consider the cargo the responsibility of the Iranian government.” 

Ship seizures and explosions have roiled the region since 2019. The incidents began after then President Donald Trump unilaterally withdrew the United States from Iran’s nuclear deal with world powers. 



Investors Eye Syria After Trump Sanctions Move

Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 
Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 
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Investors Eye Syria After Trump Sanctions Move

Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 
Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 

An end to US sanctions on Syria is expected to mark a new era for an economy devastated by 13 years of war, opening the way for investment flows from the Syrian diaspora, Türkiye, and Gulf states that back the new government.

Business executives, Syria's finance minister, and analysts told Reuters they anticipated an influx of capital into the bankrupt economy once sanctions are lifted in line with President Donald Trump's surprise announcement, notwithstanding the many challenges still facing the deeply-fractured nation.

Billionaire Syrian businessman Ghassan Aboud told Reuters he was making plans to invest, and expected other Syrians with international business ties to be doing the same.

“They were scared to come and work in Syria due to the sanctions risks ... This will completely disappear now,” said Aboud, who lives in the UAE.

“I'm of course planning to enter the market, for two reasons: I want to help the country recover in any way possible, and second, the ground is fertile: any seed planted today can result in a good profit margin,” he said, outlining a multi-billion dollar plan to boost Syrian art, culture and education.

The lifting of sanctions would radically reshape an economy already set on a new course by Syria's new rulers, who have pursued free-market policies and shifted away from the state-led model adopted during five decades of rule by the Assad family.

The United States and other Western powers imposed tough sanctions on Syria during the war that spiraled out of protests against Bashar al-Assad's rule in 2011.

Syrian President Ahmed al-Sharaa said in a televised address late on Wednesday, that Trump's decision was historic and brave, and vowed that Syria would strengthen the investment climate.

“We welcome all investors from our homeland, both at home and abroad, and from our Arab and Turkish brothers and friends around the world,” he said.

The conflict has turned many urban areas to rubble and killed hundreds of thousands of people. More than 90% of the 23 million Syrians live below the poverty line, UN agencies say.

“There's a real chance for a transformational change in Syria and the broader region," said Timothy Ash, senior sovereign strategist for emerging markets at RBC BlueBay Asset Management.

Turkish firms and banks are expected to benefit from the lifting of sanctions, said Onur Genc, chief executive officer of financial group BBVA, whose group comprises Garanti BBVA, the second-largest private bank in Türkiye.

“For Türkiye, it's going to be positive because there's a lot of reconstruction needed in Syria. Who's there to do that? The Turkish companies,” he told Reuters.

“The lifting of the sanctions would allow the Turkish companies to go there now much better, and the Turkish banks to be able to finance them - so it will help,” he said.

Syria’s economy more than halved between 2010 and 2021, official Syrian data cited by the World Bank in 2024 showed. However, this was likely an underestimate, the bank said.

Syria's pound has strengthened since Trump's announcement.

Currency traders said it was hovering between 9,000 and 9,500 to the dollar on Wednesday, compared to 12,600 earlier this week. Before the war in 2011, it traded at 47.

Syrian Finance Minister Yisr Barnieh told Reuters that investors from the United Arab Emirates, Kuwait and Saudi Arabia, among others, had been making inquiries about investing.

“Syria today is a land of opportunities, with immense potential across every sector—from agriculture to oil, tourism, infrastructure, and transportation,” he told Reuters.

“We call on all investors to take this opportunity.”

Watching footage of Trump meeting Sharaa in Riyadh on Wednesday at his Damascus office, Karam Bechara, general manager of Shahba Bank in Syria, described excitement in the business community. “It’s too good to be true,” he said.

“We’re on the right track now internationally unless something happens in Syria that derails the process,” he said.

But Syria remains fragile.

Some armed groups have yet to turn their weapons over to the government, Kurdish autonomy demands are a point of friction, and sectarian violence has left minorities afraid of Sharaa's rule, despite his promises of protection and inclusive governance. Israel opposes Sharaa, saying he remains a jihadist, and has bombed Syria repeatedly.

Jihad Yazigi, editor of a leading newsletter on Syria's economy, Syria Report, said the US decision was transformative because it sent “a very strong political signal” and opened the way for its reintegration with the Gulf, international financial organizations, and Syria's big diaspora in the West.

Imad al-Khatib, a Lebanese investor, said he had accelerated his plans to invest in Syria after Trump's announcement.

Together with Lebanese and Syrian partners, he carried out a feasibility study for a $200 million waste sorting plant in Damascus two months ago. On Wednesday morning, he sent a team of specialists to Syria on Wednesday to begin preparations.

“This is the first step ... and larger steps will follow, God willing. We will certainly work to attract new investors because Syria is much larger than Lebanon,” he told Reuters.