Suspected Attacks by Yemen's Houthis Target Shipping in Red Sea

File - Houthi fighters march during a rally of support for the Palestinians in the Gaza Strip and against the US strikes on Yemen outside Sanaa on Jan. 22, 2024. (AP Photo, File)
File - Houthi fighters march during a rally of support for the Palestinians in the Gaza Strip and against the US strikes on Yemen outside Sanaa on Jan. 22, 2024. (AP Photo, File)
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Suspected Attacks by Yemen's Houthis Target Shipping in Red Sea

File - Houthi fighters march during a rally of support for the Palestinians in the Gaza Strip and against the US strikes on Yemen outside Sanaa on Jan. 22, 2024. (AP Photo, File)
File - Houthi fighters march during a rally of support for the Palestinians in the Gaza Strip and against the US strikes on Yemen outside Sanaa on Jan. 22, 2024. (AP Photo, File)

Suspected attacks by Yemen's Houthi militias targeted shipping in the Red Sea on Tuesday, officials said, the latest in their campaign of assaults over the Israel-Hamas war.

The first attack happened around 115 kilometers south of the port of Hodeidah, the British military's United Kingdom Maritime Trade Operations center said. That attack saw an explosive detonate near the ship, then a small vessel “acting suspiciously” and flashing a light near the ship came close, followed by a second blast, the UKMTO said.

"The vessel and crew are reported safe,” the UKMTO said.

The private security firm Ambrey similarly reported the attack, saying the ship saw “two ‘close-proximity’ explosions.”

The second attack happened hours later Tuesday some 180 kilometers northwest of Hodeidah, with an explosion similarly sighted off from a ship, the UKMTO said. It wasn't immediately clear if it was the same ship being targeted.

The Houthis have targeted more than 70 vessels with missiles and drones in a campaign that has killed four sailors since the start of the war in Gaza in October. They have seized one vessel and sunk two in the time since. Other missiles and drones have been either intercepted by a US-led coalition in the Red Sea or splashed down before reaching their targets.



Syria’s Finance Minister Says Foreign Investors Welcome after US Sanctions Move

A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
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Syria’s Finance Minister Says Foreign Investors Welcome after US Sanctions Move

A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)
A girl holds a Syrian flag, as people celebrate after US President Donald Trump said on Tuesday he would order the lifting of sanctions on Syria, in Damascus, Syria May 13 , 2025. (Reuters)

Syrian Finance Minister Yisr Barnieh made a call to global investors on Wednesday to come do business with Syria after US President Donald Trump's surprise announcement that he would lift all of Washington's sanctions on the country.

"Syria today is a land of opportunities, with immense potential across every sector—from agriculture to oil, tourism, infrastructure, and transportation,” Barnieh said in an interview with Reuters at the Finance Ministry in Damascus.

"We envision a central role for the private sector in the new Syrian economy. The finance ministry's role is not to spend indiscriminately or act as a regulatory enforcer over businesses, but rather to enable and support growth."

A wall outside his office still bore the discolored outline of one of the many posters of former strongman Bashar al-Assad that used to hang in Syria's public buildings before his ousting by the Hayat Tahrir al-Sham (HTS) last year.

Changes in Syria have been swift since Assad fled to Russia in December of last year.

HTS commander Ahmed Sharaa was appointed president, formed a government and had quick success garnering Gulf Arab support and getting most European sanctions lifted.

The stunning turn of events was capped by a meeting between Sharaa and Trump in Riyadh on Wednesday after Trump's pledge to cease US sanctions imposed on Syria under Assad-family rule, measures widely seen as the biggest external obstacles to the country's economic recovery.

Trump has not set out a timeline for removal.

"One of the most critical outcomes of lifting sanctions would be Syria's reintegration into the global financial system," Barnieh said.

"This would allow us to restore financial flows and attract investments, which are urgently needed across all sectors,” he said, adding that Syrian authorities have already seen strong interest from Saudi Arabia, the UAE, Kuwait, Qatar, and several EU countries, among others.

He noted that the government is undertaking a comprehensive overhaul of public financial management, including reforms to the tax system, customs, and banking -- part of a broader effort to modernize an economy long burdened by an oversized public sector.

He also struck a cautioning tone, saying that the removal of sanctions would be just the first step in a years-long recovery for a country ruined by 14 years of war.

"The lifting of sanctions is not the final chapter," he said.

"We cannot afford to become complacent. We are entering a new phase that demands real results and visible progress on the ground."