The Latest Breaking News from The Red Sea

April WTI crude oil (CLJ24 ) on Wednesday closed down -1.79 (-2.14%), and Apr RBOB gasoline (RBJ24 ) closed down -2.90 (-1.05%). Crude oil and gasoline prices posted moderate losses on Wednesday. An early rally in the dollar index Wednesday to a 2-1/2 week high pressured energy prices. Also, technical...

April WTI crude oil (CLJ24 ) this morning is down -1.77 (-2.12%), and Apr RBOB gasoline (RBJ24 ) is down -3.75 (-1.36%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is pressuring energy prices. Also,...

April WTI crude oil (CLJ24 ) this morning is down -0.12 (-0.16%), and Apr RBOB gasoline (RBJ24 ) is up +0.50 (+0.18%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 5-3/4 month high. Today's rally in the dollar index to a 1-week high is...

A missile launched Friday by Yemen's Huthi rebels at a ship in the Red Sea caused no damage, after they threatened to expand their harassment campaign which has disrupted global trade.

Yemen's Houthi rebels claim to have a new hypersonic missile, potentially escalating attacks on shipping in the Red Sea.

April WTI crude oil (CLJ24 ) is up +1.32 (+1.66%), and Apr RBOB gasoline (RBJ24 ) is up +0.156 (+0.59%). Oil prices are trading higher on today's IEA's report, which said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts. Oil...

Philippine seafarers return home safely after surviving Houthi attack in the Red Sea. Government support and investigations ongoing.

Recent events in the Middle East highlight the U.S. Navy's successful defense against Houthi attacks in the Red Sea, underscoring the challenges of proxy w...

The United States and its allies said they shot down 15 drones fired by Yemen's Huthis into the Red Sea and Gulf of Aden on Saturday, in one of the Iran-backed rebels' largest attacks.