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The Latest Breaking News from The Red Sea

Cargo ship sinks in Red Sea nearly 2 weeks after being hit by Yemen's Houthi rebels

The Belize-flagged Rubymar was the first vessel to be fully destroyed as part of the rebels' campaign over Israel's war against Hamas in the Gaza Strip.

WEKU

Yemen's Houthi Rebels Sink Ship In Red Sea

The sinking of the Rubymar ship by Houthi rebels in the Red Sea impacts global shipping and raises maritime security concerns.

Top News

UK ship attacked by Houthi rebels sinks in the Red Sea, says Yemen

The Rubymar is the first vessel to be fully destroyed as part of the Houthis' campaign over Israel's war against Hamas in Gaza

Evening Standard

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Crude Prices Supported by Geopolitical Risks and Tighter Supplies

April WTI crude oil (CLJ24 ) on Friday closed up +1.71 (+2.19%), and Apr RBOB gasoline (RBJ24 ) closed up +3.34 (+1.29%). Crude oil and gasoline prices on Friday closed moderately higher, with crude posting a 3-3/4 month high and gasoline posting a 5-1/2 month high. A weaker dollar on...

Barchart

OPINION - The Houthis could inspire a new wave of piracy — and the English Channel makes us uniquely vulnerable

“Well, we didn’t see that one coming — the Houthis took us all by surprise,” a distinguished former security official muttered to me this week. In just under four months the Houthis have attacked 57 vessels in and around the Red Sea. They have disrupted waterways carrying 15 per cent…

Evening Standard

Crude Rallies Above $80 per Barrel on Tight Supplies and Geopolitical Risks

April WTI crude oil (CLJ24 ) this morning is up +2.26 (+2.89%), and Apr RBOB gasoline (RBJ24 ) is up +4.86 (+1.88%). Crude oil and gasoline prices this morning are sharply higher, with crude climbing to a 3-3/4 month high and gasoline soaring to a 5-1/2 month high. A weaker...

Barchart

US Conducts Self-Defense Strikes Against Houthi Missiles In Red Sea

U.S. conducts self-defense strikes against Houthi anti-ship missiles in the Red Sea, highlighting ongoing security challenges.

Top News

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Can US strikes on Yemen’s Houthis be justified as ‘self-defence’?

A US senator says such a claim is ‘laughable’ and calls on Biden to seek permission for strikes from Congress.

Al Jazeera

Crude Prices Slip as Weak U.S. Economic News Weighs on Energy Demand Prospects

April WTI crude oil (CLJ24 ) on Thursday closed down -0.28 (-0.36%), and Apr RBOB gasoline (RBJ24 ) closed up +2.98 (+1.17%). Crude oil and gasoline prices on Thursday settled mixed. Crude prices gave up an early advance Thursday and turned lower as the dollar strengthened and weaker-than-expected U.S. economic...

Barchart

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...

Top News

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

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Barchart

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...

Al Jazeera

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.

International Business Times

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.

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Al Jazeera

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.

Top News

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.

Al Jazeera

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.

Top News

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.

Al Jazeera

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.

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.

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