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The Latest Breaking News from The Red Sea

Crude Supported on Expectations OPEC+ Will Extend Crude Production Cuts

April WTI crude oil (CLJ24 ) this morning is up +0.19 (+0.24%), and Apr RBOB gasoline (RBJ24 ) is up +1.86 (+0.73%). Crude oil and gasoline prices this morning are moderately higher. Expectations that OPEC+ next week will extend its roughly 2 million bpd of crude production cuts beyond March...

Barchart

Australia to up its response for Red Sea stability

Australia is sending additional defence personnel to support operations to ensure free navigation in the Red Sea as Houthi rebels continue their attacks.

AAP

Houthi Rebels Launch Rocket Attack In Red Sea

Recent Houthi attacks in the Red Sea raise concerns over maritime security and environmental hazards. Ongoing conflict between Houthis and Saudi-led coalit...

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Houthis deny targeting underwater cables amid marine disaster warning

Yemeni government warns of Red Sea environmental disaster after cargo ship struck by rebels last week

The Guardian - US

Middle East crisis: Hamas ‘showing flexibility’ in negotiations with Israel but ‘prepared to continue fighting’ – as it happened

The two sides have been negotiating a deal that would reportedly see a six week pause in fighting and the release of hostages

The Guardian - AU

Crude Prices Gain on Geopolitical Risks

April WTI crude oil (CLJ24 ) on Tuesday closed up +1.29 (+1.66%), and Apr RBOB gasoline (RBJ24 ) closed up +3.72 (+1.45%). On Tuesday, crude oil and gasoline prices climbed to 2-week highs and closed moderately higher. Geopolitical risks are underpinning crude prices with the ongoing Israeli-Hamas war and continued...

Barchart

Crude Prices Underpinned by Geopolitical Risks

April WTI crude oil (CLJ24 ) this morning is up +0.86 (+1.11%), and Apr RBOB gasoline (RBJ24 ) is up +2.63 (+1.03%). Crude oil and gasoline prices this morning are moderately higher, with gasoline posting a 1-week high. A weaker dollar today is supportive of energy prices. Also, geopolitical risks...

Barchart

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UK-Houthi conflict stirs fears of escalation among Britain’s Yemenis

Some back the Houthis’ attempt to take on the West and Israel over Gaza. Many also worry about a sharper escalation.

Al Jazeera

Middle East Conflict: Iran Reportedly Pledges To Double Houthi Weapons Support, Including 'Submarines'

It's Day 144 of the Israel-Hamas war, and a new ceasefire deal may be closer than it has ever been in the past week. However, tensions in the Middle East remain at a vexatious high as Iranian-backed groups run amok in the Israel-Lebanon border and waters around the Red Sea.

International Business Times

US claims ‘preemptive’ strikes against Houthi targets in Yemen

Military says it destroyed vessels and missiles in Houthi-controlled areas of Yemen that were aimed at the Red Sea.

Al Jazeera

Greece Approves Military Participation In EU Red Sea Mission

Greece's approval to join EU mission in Red Sea to prevent arms smuggling to Gaza amidst regional tensions.

Top News

Half of UK exporters say Houthi attacks in Red Sea disrupting business

The British Chambers of Commerce says 55 percent of exporters report higher shipping costs and delays.

Al Jazeera

Houthis Disrupt Suez Canal, US Credibility Questioned

Rising maritime security threats in the Red Sea region require a paradigm shift in defense strategies to safeguard global interests.

Top News

US, UK bomb Houthi sites in Yemen amid surge in Red Sea ship attacks

US and UK forces hit 18 Houthi targets, including underground weapons and missile storage facilities, officials say.

Al Jazeera

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Evening Standard

Houthi attack on UK-registered ship in Red Sea 'caused major oil leak', US millitary says

The Rubymar was attacked on February 18 while sailing through the Bab el-Mandeb Strait

Top News

Yemeni Houthi Rebels Cause Oil Slick In Red Sea

Houthi rebels' attack on Rubymar ship causes oil slick in Red Sea, prompting U.S. military intervention.

Al Jazeera

US warns of ‘disaster’ amid oil slick in Red Sea from ship hit by Houthis

US military says Iran-aligned group is being reckless with attacks on shipping in the Red Sea off Yemen’s shores.

WEKU

China is mostly quiet on Houthi attacks in the Red Sea

China's charting its own course, distancing itself from the U.S. in the Middle East, refusing to condemn the Houthis and looking to capitalize on ties with regional players to help solve the crisis.

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U.S. Navy Engages Iranian-Backed Islamists In Red Sea Conflict

USS Eisenhower combats Iranian-backed threats in the Red Sea using F-18 Super Hornets. Safeguarding free trade routes amidst escalating Houthi rebel aggres...

International Business Times

Shipping Insurance Rates Soar On Red Sea Missile Attacks

Attacks by Yemen's Houthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.

The Hindu

Trade deal between India, European Free Trade Association likely within a few days, says Norwegian Minister

India-EFTA Free Trade Agreement nears conclusion, addressing concerns over drug patents, global issues, and economic collaboration, says Norway's Deputy Foreign Minister.

Al Jazeera

Houthis order ‘ban’ on Israel, US and UK-linked ships in the Red Sea

Yemen’s Houthi rebels also announce ‘submarine weapons’, as leader pledges to continue attacks amid Gaza war.

Evening Standard

Suspected Houthi missile attack leaves ship on fire in Gulf of Aden

It came as Israeli forces intercepted what appeared to be a separate Houthi missile strike near the port of Eilat

Al Jazeera

US military targets Houthi antiship cruise missiles in preemptive strikes

Military says targets presented ‘imminent threat’ as missiles were ‘prepared to launch towards the Red Sea’.

Barchart

Crude Prices End Higher on Dollar Weakness and Geopolitical Risks

April WTI crude oil (CLJ24 ) on Wednesday closed up +0.87 (+1.13%), and Apr RBOB gasoline (RBJ24 ) closed up +2.22 (+0.88%). Crude oil and gasoline prices posted moderate gains on Wednesday. Dollar weakness Wednesday was supportive of energy prices. Also, geopolitical risks continue to underpin crude prices with the...

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