The Latest Breaking News from Red Sea

Egypt and Saudi Arabia notably absent from Operation Prosperity Guardian as more shipping companies forgo route

Attacks on Read Sea shipping are causing companies to re-route, putting pricing pressure on goods including PCs and components, as well as many other essential products and commodities.

Pentagon Chief condemns Houthi aggression in the Red Sea, calling international response at a security summit. The unrest spikes energy prices.

The United States on Monday announced a 10-nation coalition to quell Houthi missile and drone attacks on ships transiting the Red Sea, with Britain, France, Bahrain and Italy among countries joining the "multinational security initiative."

Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region

It's Day 74 of the Israel-Hamas conflict, and tensions continue to escalate near Israel's border with Lebanon, even as Israeli troops sweep through the Gaza Strip to eliminate Hamas. Over in the Red Sea, a U.S.-backed expanded maritime protection force has been announced amid continuing Houthi attacks targeting commercial vessels.

The US and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen, Defense Secretary Lloyd Austin announced early Tuesday in Bahrain.

The United States on Monday announced a 10-nation coalition to quell Huthi missile and drone attacks on ships transiting the Red Sea, with Britain, France, Bahrain and Italy among countries joining the "multinational security initiative."

The rising Houthi attacks disrupt Red Sea shipping operations causing concerns about potentially higher oil and gas prices amidst the holiday season.