Red Sea: Red alert

Also: Israel, Iran, Ukraine, Russia, the EU, migration, and Bangladesh.

Boarding a Slave Dhow, William Lionel Wyllie, 1915, illustration in Frederick Jane's British Battle Fleet (second edition), Library Press, London.

Welcome to our first daily dispatch for 2024. We hope you had a good break. We’ll publish our outlook for the year ahead on Saturday.

RED SEA. Red alert

Even if the Houthi strikes end, the troubles in the Gulf o…