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UN experts said fuel shipped from Iran is financing the Houthi rebels' war in Yemen. The report describes Houthi attacks with anti-ship cruise missiles and waterborne explosives, including one on a vessel carrying wheat.
Attacks on grain ships in the Red Sea corridor raise war-risk insurance and freight costs for food aid and commercial cargoes bound for Yemen, a modest upward pressure on wheat landed costs.
apnews.comEdith M. LedererJan 19, 2019After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
