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The Latest Breaking News from The Red Sea

Crude Prices Tumble as Weekly EIA Crude Inventories Surge

March WTI crude oil (CLH24 ) on Wednesday closed down -1.23 (-1.58%), and Mar RBOB gasoline (RBH24 ) closed down -7.77 (-3.24%). Crude oil and gasoline prices on Wednesday gave up early gains and settled sharply lower, with crude falling back from a 2-week high. Crude prices turned lower after...

Barchart

UN envoy warns of ‘dangerous’ escalation cycle in war-wracked Yemen

Separate UN official expresses fears over how the US designating Houthis a ‘terrorist’ group may affect Yemen’s economy.

Al Jazeera

US Navy battles Houthi rebels, intercepts missiles in Red Sea

Discover the intense and frenetic pace of the U.S. Navy's fight against Iran-backed Houthi rebels in the Red Sea, as they defend international shipping fro...

Top News

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Crude Prices Supported by Geopolitical Risks

March WTI crude oil (CLH24 ) this morning is up +0.94 (+1.22%), and Mar RBOB gasoline (RBH24 ) is up +2.41 (+1.02%). Crude oil and gasoline prices this morning are trading higher, with crude posting a 1-1/2 week high and gasoline climbing to a 3-1/2 month high. Crude has support...

Barchart

Houthis strike Iran-bound grain ship in first Red Sea attack in six days

Militants fired missiles at Greek-owned ship, says US military, in strike that raises questions over who Houthis are trying to target

The Guardian - UK

Houthi rebels target cargo ship in Red Sea attack

Get the latest update on the ongoing attacks by Iran-backed Houthi rebels in the Red Sea, as a cargo ship traveling from Brazil to Iran is targeted with mi...

Top News

Tables turn on coalition over Red Sea military requests

Australia's refusal of a US request for military assistance in the Red Sea has faced sustained criticism but the Morrison government made a similar call.

AAP

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Crude Prices Slip on Dollar Strength and Chinese Energy Demand Concerns

March WTI crude oil (CLH24 ) this morning is down -0.24 (-0.31%), and Mar RBOB gasoline (RBH24 ) is up +0.06 (+0.03%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 3-1/2 month high. A stronger dollar today is weighing on crude prices. Also, Goldman...

Barchart

IMF, World Bank Warn Gaza War, Red Sea Attacks Imperil Global Economy

The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy.

International Business Times

Houthis Attack Ship in Bab el-Mandeb Strait amidst Israeli-Gaza Conflict

Read about the latest attack by Yemen's Houthi rebels on a ship in the Bab el-Mandeb Strait, disrupting shipments in the Red Sea and Gulf of Aden.

Top News

Crude Prices Supported by Middle East Geopolitical Risks

March WTI crude oil (CLH24 ) on Friday closed up +0.62 (+0.81%), and Mar RBOB gasoline (RBH24 ) closed down -0.25 (-0.11%). Crude oil and gasoline prices Friday settled mixed, with crude posting a 1-1/2 week high. A weaker dollar Friday was supportive of energy prices. Also, Friday's rally in...

Barchart

Crude Gains on Energy Demand Optimism and Geopolitical Risks

March WTI crude oil (CLH24 ) this morning is up +0.45 (+0.59%), and Mar RBOB gasoline (RBH24 ) is down -0.20 (-0.09%). Crude oil and gasoline prices this morning are mixed, with crude posting a 1-1/2 week high. A weaker dollar today is supportive of energy prices. Also, today's rally...

Barchart

US Military Destroys Houthi Threats in Red Sea Airstrikes

The US military conducted airstrikes targeting Yemen's Houthi rebels, destroying explosive-loaded drone boats and missile launchers in the Red Sea.

Top News

Germany Sends Frigate To Help Secure Red Sea Shipping

A German navy frigate set sail for the Red Sea on Thursday with the aim of protecting commercial ships from attacks by Yemeni rebels, as part of a planned European Union mission.

International Business Times

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German Navy Frigate Deployed to Red Sea to Protect Trade

A German Navy frigate sets sail to join a European Union mission in the Red Sea, aiming to defend cargo ships from attacks by Yemen's Houthi rebels, hamper...

International Business Times

Shipping Giant Maersk's Profit Sinks, Warns Of Red Sea Risk

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea.

Top News

Houthis attack ships in Red Sea; progress on Gaza ceasefire

The article discusses the ongoing conflicts in Yemen and Israel as Iranian-backed Houthis continue to launch missiles in the Red Sea while US Secretary of ...

International Business Times

Despite Strikes, US Still Faces Threats From Iran-backed Forces

US military action has so far failed to halt attacks by Iran-backed groups on Washington's forces in the Middle East and shipping in the Red Sea, with the threats persisting despite recent heavy air strikes.

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Barchart

Crude Settles Higher on Dollar Weakness and Middle East Geopolitical Risks

March WTI crude oil (CLH24 ) on Tuesday closed up +0.53 (+0.73%), and Mar RBOB gasoline (RBH24 ) closed up +0.81 (+0.37%). Crude oil and gasoline prices on Tuesday posted moderate gains. A weaker dollar Tuesday was supportive of energy prices. Also, ongoing geopolitical risks in the Middle East are...

The Hindu

Houthis’ uncrewed surface vessels a new threat

Houthi Uncrewed Surface Vessels, a new threat to shipping in the Red Sea

Top News

Houthi Rebel Drone Attacks Cargo Ship in Red Sea

A ship traveling through the Red Sea was attacked by a suspected Houthi rebel drone, adding to their campaign against vessels over Israel's war on Hamas.

Al Jazeera

Defiant Houthis claim fresh Red Sea attacks on US, UK ships

Latest attacks on civilian ships demonstrate the Iran-backed group’s determination to continue its campaign.

The Guardian - US

The Middle East conflict is spiraling. Biden must force Israel to end the war

As long as Biden remains unwilling to rein in Israel’s attacks on Gaza, the US’s conflict with Iranian-backed militias will escalate

The Guardian - UK

Houthis may sabotage western internet cables in Red Sea, Yemen telecoms firms warn

UN-recognised government and telecoms firms speak of threat to digital infrastructure, with some cables lying 100m below surface

Al Jazeera

US-UK strikes on Yemen’s Houthis: What we know so far

The Houthis say they remain undeterred after the latest round of strikes that hit dozens of targets.

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