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The Latest Breaking News from The Red Sea

Red Sea crisis could shatter hopes of global economic recovery

World Bank warns of surging energy prices, slower growth and higher inflation as threat rises of disruption to world trade

The Guardian - UK

Biden sent private message to Tehran amid airstrikes: ‘We’re well-prepared’

After second night of US-UK strikes in Yemen against Iran-backed Houthis, fears of wider regional conflict grow

The Guardian - US

New US Strike Against Yemen Rebels Over Red Sea Threat

The United States carried out a fresh strike Saturday on a Huthi rebel target in Yemen, the US military said, after the Iran-backed militants warned of further attacks on ships in the Red Sea.

International Business Times

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Ruptured supply chains, rising oil prices, and resurgent inflation. The Red Sea crisis is rekindling memories of the Ukraine War—but this time could be different

When it comes to longer term economic impacts of the Red Sea crisis: The "most honest answer" experts can give is "I have no idea” at this point, Unlimited's Bob Elliott told Fortune.

Fortune

Red Sea crisis: expert unpacks Houthi attacks and other security threats

Recent attacks on commercial vessels by Houthi militia in the Red Sea have put the vital shipping region in the spotlight. The Yemen-based rebels claim to be targeting Israeli-linked vessels, in protest at Israel’s war against Hamas in Gaza. The UN Security Council recently passed a resolution demanding an immediate…

The Conversation

Have the Houthi Red Sea attacks hurt Israel’s economy?

Most of Israel’s trade is through the Mediterranean. But longer-term risks to Israel’s economy are growing, say analysts

Al Jazeera

Houthi Rebels Threaten Retaliation Against US and UK Assets

This informative article discusses the recent US strikes against the Houthi rebels in Yemen and the potential retaliation and tensions in the region.

Top News

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Barchart

Crude Prices Settle Higher on Heightened Geopolitical Risks in the Middle East

February WTI crude oil (CLG24 ) on Friday closed up +0.66 (+0.92%), and Feb RBOB gasoline (RBG24 ) closed up +0.60 (+0.28%). Crude oil and gasoline prices Friday climbed to 2-week highs and settled moderately higher. Crude prices rose on an escalation of geopolitical risks in the Middle East after...

The Conversation

US-UK airstrikes risk strengthening Houthi rebels' position in Yemen and the region

The U.S.- and U.K.-led strikes on the rebel Houthi group in Yemen represent a dramatic new turn in the Middle East conflict – one that could have implications throughout the region.

Al Jazeera

Oil prices steady despite Middle East tensions, but risks are rising

Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.

International Business Times

Will Yemen Air Strikes Stop The Red Sea Attacks?

US and British strikes on rebel-held Yemen on Friday marked a sharp escalation after weeks of attacks on Red Sea shipping by the Iran-backed Huthi insurgents.

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The Guardian - UK

The Guardian view on strikes on the Houthis: action to contain this crisis might fuel it

Editorial: The attacks on ships in the Red Sea are only one manifestation of a regional conflict which won’t easily be ended

Radio France Internationale

France blames Houthis for escalation of war, defends Red Sea operations

France has blamed Iran-backed Houthis for an escalation in the Middle East after US and British strikes targeted them in Yemen on Friday. The French navy, meanwhile, has defended its use of expensive missiles to down Houthi drones used to attack shipping lanes in the Red Sea.

Barchart

Crude Prices Rally on Geopolitical Risks as U.S. Strikes Houthi Targets in Yemen

February WTI crude oil (CLG24 ) this morning is up +1.10 (+1.53%), and Feb RBOB gasoline (RBG24 ) is up +1.83 (+0.87%). Crude oil and gasoline prices this morning rallied to 2-week highs on an escalation of geopolitical risks in the Middle East after the U.S. and its allies launched...

Evening Standard

OPINION - The Standard View: Air strikes in Yemen to defend trade are justified

FROM the start of the conflict in Israel-Gaza, Western governments have hoped that the crisis would be contained rather than becoming a wider, regional war. And now that fear seems to have been realised: the US and UK air strikes on Houthi bases in Yemen last night are a response…

InsideEVs

Naval Attacks In Red Sea Force Tesla To Pause Berlin Gigafactory For Two Weeks

The conflicts in the Red Sea and attacks on transport vessels are starting to take effect on the European economy, which sources components from Asia.

Reason

U.S. Attacks Houthis in Yemen

Plus: Biden staffers can't grow a pair, AI ancestor worship, Taiwanese elections, and more...

The Guardian - UK

Oil prices hit $80 a barrel as fears grow over Red Sea disruption to trade

Experts warn of economic impact of sustained shipping attacks and Middle East tensions

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