The Latest Breaking News from The Red Sea

Houthi leader says any US attack will trigger a greater response as the group steps up attacks in the Red Sea.

February WTI crude oil (CLG24) this morning is up +1.96 (+2.75%), and Feb RBOB gasoline (RBG24) is up +5.98 (+2.89%). Crude oil and gasoline prices this morning are sharply higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf of...

Resolution calling for cessation of attacks on shipping vessels by Yemen’s Houthis adopted despite abstentions from Russia and China

Rishi Sunak called a Cabinet meeting on Thursday evening as the US confirmed another attack blamed on Houthi rebels

Yemen’s Houthi rebels have rejected a United Nations resolution against their attacks on commercial vessels in the Red Sea, and are maintaining their right to defend Palestinians in Gaza by targeting ships they say are connected to Israel. The French navy, meanwhile, has been accompany ships with French interests through…

Resolution backed by 11 members also calls for the immediate release of the seized Galaxy Leader’s multinational crew.

Get the latest update on Defense Secretary Lloyd Austin's condition and the escalating tensions in the Red Sea. The US and Houthis exchange retaliatory att...

The United Nations raised the alarm on Wednesday over increasing attacks on shipping in the Red Sea, blamed by Western countries on Houthi rebels, and the risk of escalation in the region.

February WTI crude oil (CLG24 ) on Wednesday closed down -0.87 (-1.20%), and Feb RBOB gasoline (RBG24 ) closed down -0.95 (-0.46%). Crude oil and gasoline prices Wednesday erased an early rally and closed moderately lower. Crude prices retreated after weekly EIA crude inventories unexpectedly rose, and gasoline and distillate...