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The Latest Breaking News from The Red Sea

Crude Prices Gain as Global Supplies Tighten

February WTI crude oil (CLG24 ) on Tuesday closed up +1.47 (+2.08%), and Feb RBOB gasoline (RBG24 ) closed up +4.90 (+2.42%). Crude oil and gasoline prices on Tuesday posted moderate gains as they recovered about half of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil...

Barchart

Pentagon rejects claims of weakness, vows to address Houthi threat

Discover Major General Pat Ryder's creative and insightful response to questions on Gaza's death toll and US actions in dealing with the Houthi threat. Sta...

Top News

HMS Diamond and US jets shoot down biggest wave of drone and missile attacks in Red Sea on container ships

Defence Secretary Grant Shapps says UK must maintain 'formidable presence in face of attacks'

Evening Standard

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Crude Prices Rebound from Monday's Sharp Losses

February WTI crude oil (CLG24 ) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24 ) is up +5.77 (+2.85%). Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses. Supply disruptions to global crude supplies are underpinning oil prices...

Barchart

Crude Closes Sharply Lower as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) on Monday closed down -3.04 (-4.12%), and Feb RBOB gasoline (RBG24 ) closed down -7.77 (-3.69%). Crude oil and gasoline prices on Monday sold off sharply, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

Attacks on cargo ships in the Red Sea threaten Australia's trade – we need a Plan B

Australia is 11,000 kilometres from the Red Sea but it is not immune from the drone and missile attacks on container ships attempting to move through one of the world’s busiest thoroughfares.

The Conversation

Crude Plunges as Saudi Price Cuts Signal Weak Energy Demand

February WTI crude oil (CLG24 ) this morning is down -3.31 (-4.48%), and Feb RBOB gasoline (RBG24 ) is down -7.30 (-3.47%). Crude oil and gasoline prices this morning are sharply lower, with gasoline falling to a 3-1/2 week low. Concern that global oil demand is worsening is undercutting crude...

Barchart

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Fears are rising of ‘regional escalation’ in the Middle East. But that wider war is already here

Conflict in Gaza has spilled over into Lebanon, Yemen, Iran and the Red Sea. This powder keg cannot be ignored, says Guardian columnist Nesrine Malik

The Guardian - UK

Australia turns up diplomatic heat with ceasefire call

Australia's public call for a ceasefire to end suffering in Gaza is unlikely to go further with Canberra favouring diplomatic channels to air its grievances.

AAP

Houthi attacks are reaching boiling point – but a US-led military response would be a grave error

Targeting Yemen would fan the flames of a greater conflict in the Middle East, says Mohamad Bazzi

The Guardian - UK

Israel, Gaza, Lebanon, Iran … how far could war in the Middle East spread?

Attacks in the Red Sea. An airstrike in Baghdad. As the conflict with Hamas bleeds across borders, is wider violence inevitable?

The Guardian - UK

Houthis escalate attacks, pressure mounts for US military response

In this engaging interview, retired Army Colonel Joe Buccino discusses the need for an offensive approach in countering Iran-backed Houthis in the Red Sea.

Top News

Houthi attacks persist, shipping lanes diverted, Iran's proxy war intensifies

Retired four-star General Jack Keane discusses the ongoing conflict between Israel and Lebanon, as well as the recent attacks by the Houthis in the Red Sea...

Top News

How has Red Sea trouble impacted India? | Explained

Houthi militia attacks in Red Sea force cargo ships to take longer route, impacting global trade & increasing freight costs.

The Hindu

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Top News

Houthi attacks disrupt Red Sea shipping; Pentagon criticized for lack of transparency

Houthi attacks in the Red Sea are disrupting international shipping routes, prompting calls for stronger action. Concerns rise over transparency at the Pen...

Al Jazeera

Will the Houthi Red Sea attacks destabilise Yemen’s fragile peace?

The strikes have helped the Yemeni group gain recruits – and a domestic buildup of might could strain ceasefire attempts

The Guardian - AU

Creation of Palestinian state is only way to peace, EU foreign policy chief says – as it happened

Josep Borrell wants European-Arab initiative to revive a peace process, with the ultimate aim being a two-state solution

The Guardian - UK

As Middle East crisis grows, does Iran have control of its proxy forces?

Chances of a regional flare-up rest on the unclear intentions of Tehran and the groups it has nurtured

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Barchart

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

International Business Times

Global Maritime Trade Sails Into Geopolitical Storm

International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge.

Barchart

Crude Prices Climb on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) this morning is up +1.82 (+2.52%), and Feb RBOB gasoline (RBG24 ) is up +1.40 (+0.66%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-week high. A reversal in the dollar today boosted energy prices after the dollar...

Al Jazeera

Shipping giant Maersk to avoid Red Sea routes for ‘foreseeable future’

Due to ‘volatile’ situation amid Houthi attacks, ships will go around Africa, increasing journey times and costs.

International Business Times

Maersk Says To Avoid Red Sea For Foreseeable Future

Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships.

Evening Standard

London shipbroker Clarkson ups profit forecasts

Piracy in the Red Sea is lifting demand in the industry as vessels take longer routes to avoid the area

International Business Times

Israel-Hamas Conflict: Iraq Moves To 'Permanently' End US-Led Mission; Islamic State Claims Iran Attacks

On Day 91 of the Israel-Hamas war, there is growing concern over a potential regional spillover following three days of escalated tensions due to explosions in Iran, the assassination of a Hamas senior leader in Beirut, Houthi disruptions in the Red Sea and the killing of a pro-Iranian Iraqi militia's…

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