The Latest Breaking News from The Red Sea

A ship in the Red Sea off Yemen was targeted by missile fire, believed to be the work of Yemen's Houthi rebels. The crew and ship are safe. Efforts to de-e...

Germany approves military participation in the EU Red Sea mission to ensure shipping safety amidst tensions between Israel and the Palestinians. Germany's ...

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...

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

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...

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...

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

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...

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.