Copper's Spiking - And This Junior Has the Grades to Match

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Crew abandons Liberian-flagged, Greek-owned ship attacked in the Red Sea, UK military says

JON GAMBRELL
July 06, 2025

DUBAI, United Arab Emirates (AP) -- Crew members aboard a Liberian-flagged ship set ablaze by a series of attacks in the Red Sea abandoned the vessel Sunday night as it took on water, marking the first serious assault in the vital corridor for trade after a monthslong campaign by Yemen's Houthi rebels there.

Suspicion for the attack on the Greek-owned bulk carrier Magic Seas immediately fell on the Houthis, particularly as a security firm said it appeared bomb-carrying drone boats hit the ship after it was targeted by small arms and rocket-propelled grenades. The rebels' media reported on the attack but did not claim it. It can take them hours or even days before they acknowledge an assault.

A renewed Houthi campaign against shipping could again draw in U.S. and Western forces to the area, particularly after President Donald Trump targeted the rebels in a major airstrike campaign.

Attack comes at a delicate time

And it comes at a sensitive moment in the Middle East, as a possible ceasefire in the Israel-Hamas war hangs in the balance and as Iran weighs whether to restart negotiations over its nuclear program following American airstrikes targeting its most-sensitive atomic sites amid an Israeli war against the Islamic Republic.

"It likely serves as a message that the Houthis continue to possess the capability and willingness to strike at strategic maritime targets regardless of diplomatic developments," wrote Mohammad al-Basha, a Yemen analyst at the Basha Report risk advisory firm.

The British military's United Kingdom Maritime Trade Operations center first said that an armed security team on the unidentified vessel had returned fire against an initial attack and that the "situation is ongoing." It described the attack as happening some 100 kilometers (60 miles) southwest of Hodeida, Yemen, which is held by the country's Houthi rebels.

"Authorities are investigating," it said. It later said the ship was on fire after being "struck by unknown projectiles."

Possibly a major escalation

Ambrey, a private maritime security firm, issued an alert saying that a merchant ship had been "attacked by eight skiffs while transiting northbound in the Red Sea."

Ambrey later said the ship also had been attacked by bomb-carrying drone boats, which could mark a major escalation. It said two drone boats struck the ship, while another two had been destroyed by the armed guards on board.

The United Kingdom Maritime Trade Operations center said the ship was taking on water and its crew had abandoned the vessel.

The U.S. Navy's Mideast-based 5th Fleet referred questions to the military's Central Command, which said it was aware of the incident without elaborating.

Moammar al-Eryani, the information minister for Yemen's exiled government opposing the Houthis, identified the vessel attacked as the Magic Seas and blamed the rebels for the attack. The ship had been broadcasting it had an armed security team on board in the vicinity the attack took place and had been heading north.

"The attack also proves once again that the Houthis are merely a front for an Iranian scheme using Yemen as a platform to undermine regional and global stability, at a time when Tehran continues to arm the militia and provide it with military technology, including missiles, aircraft, drones, and sea mines," al-Eryani wrote on the social platform X.

The Magic Seas' owners did not respond to a request for comment.

Houthi attacks came over Israel-Hamas war

The Houthi rebels have been launching missile and drone attacks against commercial and military ships in the region in what the group's leadership has described as an effort to end Israel's offensive against Hamas in the Gaza Strip.

The group's al-Masirah satellite news channel acknowledged the attack occurred, but offered no other comment on it as it aired a speech by its secretive leader, Abdul Malik al-Houthi. However, Ambrey said the vessel targeted met "the established Houthi target profile," without elaborating.

Between November 2023 and January 2025, the Houthis targeted more than 100 merchant vessels with missiles and drones, sinking two of them and killing four sailors. That has greatly reduced the flow of trade through the Red Sea corridor, which typically sees $1 trillion of goods move through it annually.

The Houthis paused attacks in a self-imposed ceasefire until the U.S. launched a broad assault against the rebels in mid-March. That ended weeks later and the Houthis haven't attacked a vessel, though they have continued occasional missile attacks targeting Israel. On Sunday, the group claimed launching a missile at Israel which the Israeli military said it intercepted. Shipping through the Red Sea, while still lower than normal, has increased in recent weeks.

Meanwhile, a wider, decadelong war in Yemen between the Houthis and the country's exiled government, backed by a Saudi-led coalition, remains in a stalemate. The Yemeni Coast Guard, which is loyal to the exiled government, has engaged in a firefight with at least one vessel in the Red Sea in the past as well.

Pirates from Somalia also have operated in the region, though typically they've sought to capture vessels either to rob or ransom their crews. But neither the Yemeni Coast Guard nor the pirates have been known to use drone boats in their attacks.

Continue Reading...

Popular

Asian shares are mixed after Wall Street closes higher and edges to more records

MANILA, Philippines (AP) — Asian shares were mixed in cautious trading Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally.

Amy Coney Barrett Earns Trump's Credit After Court Ruling: 'I Have Great Respect For Her'

Trump praises Justice Barrett's Supreme Court ruling limiting nationwide injunctions, while blasting NYC's Mamdani and defending his economic agenda.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Donald Trump's Approval Rating Jumps Among Baby Boomers — Here's What's Driving It

President Trump's approval rating among Baby Boomers has seen a significant surge, potentially solidifying his political base as we approach the 2026 midterm elections.

Judge allows antitrust lawsuit against Apple to proceed

A federal judge on Monday rebuffed Apple's request to throw out a U.S. government lawsuit alleging the technology trendsetter has built a maze of illegal barriers to protect the iPhone from competition and fatten its profit margins.

Stunning Trump Policy Unlocks Upfront Cash Payouts - Ad

The U.S. has collected $15B from Trump's tariffs - and now, thanks to Title 15, you could claim your own $100-$1,000 instant upfront cash payouts. No stocks needed. Use your phone and this income technique to collect upfront payouts now.

Australian airline Qantas says customer data stolen by cybercriminal

Australian airline Qantas said Wednesday that a hacker made off with a trove of customers' personal data including passenger names, emails, phone numbers, birth dates and frequent flyer numbers.

Shaquille O'Neal Wants $50 Million From Lakers Following $10 Billion Sale

Citing his past contributions to the Laker's success, Shaquille O'Neal jokingly requested a $50 million payout after a $10 billion sale.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

What's Fueling ON Semiconductor's Recent Stock Surge?

ON Semiconductor has recently seen a significant surge, gaining over 47% in the last three months and outperforming the index's 34% rise, and it currently trades above its 50-day moving average of $47.56.

Trash and tension mount in Philadelphia on Day 8 of workers strike, while some seek pop-up haulers

PHILADELPHIA (AP) — As trash and tempers heat up across Philadelphia on by blue-collar city workers Tuesday, some residents and small business owners are hiring pop-up hauling services to clear their blocks of garbage, even as they broadly support the union’s .

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

XRP Boosted 4% By Ripple's Stablecoin Partnership With BNY

Ripple (CRYPTO: XRP) has announced that the Bank of New York Mellon (NYSE:BKAG) will serve as the primary custodian for reserves backing its

Unveil the 365X Crypto Secret - Replay Disappearing Soon! - Ad

Only 12 hours left! Watch the replay of the "365x Return in 90 Days" crypto Workshop before it's gone. Discover Joel and Adam's 4-part system, real success stories, and how to start mirroring their trades. This is your last chance-don't miss out.

Most US adults say child care costs are a 'major problem,' a new AP-NORC poll finds

Americans overwhelmingly view the cost of child care as a significant issue, and most support initiatives to offer free or low-cost day care and to require employers to provide paid family leave for parents of babies, according to a new poll.

Revived Wartime Resource May Soon Power Everything from Bullets to Batteries - Ad

This overlooked metal isn't just for the battlefield anymore. It's part of the future energy grid, too. This could be a rare early-stage play in a market that's heating up fast.

Dogecoin Shoots Up Over 6% As Elon Musk Launches America Party, Large Transactions Spike

Dogecoin (CRYPTO: DOGE) is trading higher overnight Sunday after Elon Musk launched his new political party. What Happened: The dog-themed memecoin spiked over 6% in the last 24 hours, with trading volume exploding 179% to $1.19 billion.

China is Tightening Critical Metal Supply-Investors Wondering Who Will Step Up - Ad

This metal powers everything from munitions to batteries. But with China imposing export controls, the West is scrambling for supply. One tiny firm may control a key N. American site-and investors are watching closely.

UnitedHealth Former Staff Reveal Dark Secrets Of Medicare Billing Practices

UnitedHealth is under federal investigation for Medicare billing practices, including use of nurses and software to log diagnoses that led to billions in extra payments.

This Tiny Tech Stock Could Be the Next Big Platform Play - Ad

One under-the-radar company is embedding intelligence into everyday glass-already powering Ferraris, aircraft, and city buses with adaptive surfaces and vision systems. It's not just a product. It's a platform.

Ex-Juventus president Andrea Agnelli seeks plea bargain deal in false accounting case

ROME (AP) — Former Juventus president has requested a plea bargain deal that would give him a 20-month sentence in a false accounting trial that contributed to his downfall at the record 36-time Serie A champion.

Trump asks Supreme Court to remove 3 Democrats on the Consumer Product Safety Commission

WASHINGTON (AP) — The Trump administration on Wednesday asked the to remove three Democratic members of the , who were fired by President and then reinstated by a federal judge.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

In a country where alcohol is banned, Pakistan’s top brewery is betting on soft drinks

RAWALPINDI, Pakistan (AP) — A pungent fug of malt and yeastiness hangs over Murree Brewery, ’s biggest and oldest producer of alcoholic drinks.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Embed-chart-July Fourth-Pool Party Prices, ADVISORY

JULY FOURTH-POOL PARTY PRICES — chart. A market research company’s preliminary data shows that getting all the gear needed to host a pool party costs less than it has in years. This chart is current as of 07, 03, 2025 and will not update. Source: Numerator

Paramount to pay $16 million in settlement with Trump over '60 Minutes' interview

In a case seen as a challenge to free speech, Paramount has agreed to pay $16 million to settle a lawsuit filed by President Donald Trump over the editing of CBS' “60 Minutes” interview with then-Vice President Kamala Harris in October.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

OPEC+ to boost oil production by 548,000 barrels per day in August

NEW YORK (AP) — Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.

Alibaba Prices $1.5 Billion Via Zero-Coupon Bonds To Fund AI, Cloud Push

Alibaba announced $1.5B bond offering for AI and cloud expansion, exchangeable for shares of Alibaba Health. Expected to close July 9.

Stunning Trump Policy Unlocks Upfront Cash Payouts - Ad

The U.S. has collected $15B from Trump's tariffs - and now, thanks to Title 15, you could claim your own $100-$1,000 instant upfront cash payouts. No stocks needed. Use your phone and this income technique to collect upfront payouts now.

Netflix Quietly Circles Shark Week With A Killer Strategy

Not even "Shark Week" is safe from Netflix. Here's how the streaming giant is pushing against cable dominance for summer shark content.

This Isn't Your Father's BlackBerry, And Its Comeback Is Gaining Traction

BlackBerry (NYSE: BB) shares rise on better-than-expected Q1 results and raised fiscal guidance. Analysts increase price forecasts.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

Nissan recalls over 480,000 vehicles in the US and Canada due to engine failure risk

NEW YORK (AP) — Nissan is recalling more than 480,000 of its vehicles across the U.S. and Canada due to potential manufacturing defects that could cause engine failure.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service