Topic: Suez Canal

Tesla blamed a sharp drop in profit in the first quarter on global supply issues, an attack on its European battery plant and competition from hybrid vehicles.

Tesla said Friday it will suspend its German operations for two weeks beginning at the end of the month in response to postponed deliveries due to Houthi rebel attacks in the Red Sea.

The Iranian navy seized an oil tanker in the Gulf of Oman on Thursday, according to state-run media, raising tensions in the already-fraught Middle East.

Global container ship giant Maersk said on Friday that it will expand its ban on the Red Sea and Gulf of Aden travel to all of its ships because of the danger posed by Houthi rebels in Yemen.

North Korea has announced plans to launch more spy satellites in 2024 after successfully launching its satellite program this fall.

Iran's supreme leader on Saturday urged Muslim countries to prevent vital supplies from reaching Israel as the United States accused his country of "deep involvement" in attacks by Yemeni rebels against shipping.

Furniture leader Ikea announced Thursday that product supplies will be delayed because international shipments are being re-routed because of the shipping attacks by Houthi rebels on ships in the Red Sea.

Danish container-shipping giant Maersk said Tuesday it would re-route all Red Sea-bound vessels around South Africa's Cape of Good Hope -- a 3,500-mile diversion -- to avoid attacks by Houthi rebels in Yemen.

British Oil giant BP said Monday it was rerouting all its oil tankers away from the Red Sea citing the "deteriorating security situation" due to missile strikes on vessels by Houthi rebels in Yemen.

North Korea has officially begun its spy satellite program after what it called a successful launch of the Malligyong-1 satellite last month.