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The Latest Breaking News from The Red Sea

Houthi militants use Iranian spy ship to target commercial vessels

Discover how Houthi militants, with assistance from an Iranian spy ship, are targeting commercial vessels in the Red Sea. Mike Pompeo weighs in on the esca...

Top News

Crude Oil Closes Lower as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) closed down -0.33 (-0.45%), and Feb RBOB gasoline (RBG24 ) closed down -2.84 (-1.32%). Crude oil prices saw continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. However, crude oil prices saw support this...

Barchart

Seas Shun Red Route: Oil Tankers Seek Alternative Path

Ahoy there! Discover a sea change in global shipping as more vessels chart a new course, bypassing the Red Sea, in search of oil transport alternatives in ...

Top News

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Crude Little Changed as Focus Remains on OPEC and Red Sea Attacks

February WTI crude oil (CLG24 ) is down -0.08 (-0.1%), and Feb RBOB gasoline (RBG24 ) is down -0.0080 (-0.37%). Crude oil and gasoline prices today are seeing continued downward pressure from Wednesday's bearish EIA report and Thursday's news that Angola dropped out of the OPEC cartel. Crude oil is...

Barchart

UK and US weigh air strikes on missile launch sites in Yemen as Houthi rebels attack Red Sea ships

US and British military chiefs have been surprised by both the quantity and quality of the missiles and weapons used by the Houthis, reports Robert Fox

Evening Standard

US defence chief slams Iran-backed Houthi rebels as ‘bandits’ in the Red Sea as taskforce combats attacks

America said more than 20 countries had agreed to join Operation Prosperity Guardian to counter the drone and missile strikes against commercial ships

Evening Standard

The risk of a broader Middle East war is rising

Pressure is mounting on Biden to strike the Houthis, but that could mean war across Yemen, Syria, Lebanon, Iraq and Iran

The Guardian - US

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Israel-Hamas war: List of key events, day 77

Houthi attacks are discouraging shipping through the Red Sea, as Gaza’s health system collapses.

Al Jazeera

Beyond Gaza: How Yemen’s Houthis gain from attacking Red Sea ships

The group’s position on a critical maritime choke point gives them leverage in diplomatic talks over Yemen’s future.

Al Jazeera

China and US Military Leaders Hold Direct Conversation After Year

Join the lively conversation as Morgan Ortega discusses China's military communication, the chaos in the Red Sea, and the threat to Taiwan.

Top News

Tension in Red Sea Spurs 1% Oil Gain, Extending Weekly Rise

Global-Oil: Riding the waves of tension in the Red Sea, oil prices continue to rise, gaining 1% this week, keeping investors on the edge of their seats.

Top News

Red Sea Attacks Disrupt Global Trade, Ships Avoid Waters

Red Sea attacks jolt world trade as ships reroute to avoid troubled waters. The escalating tensions between Israel and Palestinians disrupt global shipping...

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Sen. Tom Cotton calls for decisive action to counter Houthi attacks

Senator Tom Cotton discusses the urgent need for decisive action against Houthi attacks in the Red Sea, highlighting the consequences of inaction and urgin...

Top News

Greece to join US-led coalition to protect Red Sea shipping from Houthis

The maritime alliance wants to counter threats the Yemeni rebel group says are a response to Israeli ‘crimes’ in Gaza.

Al Jazeera

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Fortune

Ikea furniture to be delayed by Red Sea attacks

The furniture maker is one of several retailers admitting they will face delays following Houthi attacks on the key shipping channel.

The Independent UK

Australia to send military personnel to help protect Red Sea shipping but no warship

Australian Defense Minister Richard Marles says his government will send 11 military personnel to support a U.S.-led mission to protect cargo shipping in the Red Sea but won't send a warship or plane

AAP

Australia rejects US appeal for warships in Red Sea

Australia will send more navy personnel to the Middle East but has rebuffed a US request to deploy a warship to the Red Sea to help secure vital shipping lanes.

Barchart

Crude Closes Mildly Higher as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) on Wednesday closed up +0.28 (+0.38%), and Feb RBOB gasoline (RBG24 ) closed up +0.06 (+0.03%). Crude oil and gasoline prices on Wednesday posted modest gains, with crude climbing to a 2-1/2 week high. Concerns about disruptions to Middle East crude supplies are boosting...

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Houthi Attacks Continue, International Response Urged by Defense Secretary

Discover the ongoing Houthi attacks on Red Sea ships, backed by Iran, and the U.S. response. Get a bold, creative take on the situation and the need for a ...

The Independent UK

Live updates | Talks on Gaza cease-fire and freeing more hostages as Hamas leader is in Egypt

The top leader of Hamas is in Egypt for talks on halting the war in Gaza and securing the release of at least some of the estimated 129 Israeli captives held there

Barchart

Crude Rises as Red Sea Worries Overshadow a Bearish EIA Report

February WTI crude oil (CLG24 ) this morning is up +0.78 (+1.05%), and Feb RBOB gasoline (RBG24 ) is down -0.22 (-0.10%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 2-1/2 week high. Concerns over disruptions to Middle East crude supplies are boosting oil...

Barchart

Will Attacks on Commercial Shipping in the Red Sea Boost Global Inflation?

According to logistics firm Kuehne and Nagel, 103 container vessels are rerouting from the Red Sea around the southern cape of Africa to avoid attacks on commercial shipping in the Red Sea. Some companies are also looking at rail and air routes to avoid shipping through the Red Sea, which...

International Business Times

Oil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez

Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.

The Conversation

How Red Sea attacks on cargo ships could disrupt deliveries and push up prices – a logistics expert explains

Attacks on international cargo ships in the Red Sea from Houthi-controlled Yemen have seen several cargo vessels hit by missiles and drones in recent days.

TechRadar

Red Sea shipping attacks set to impact PC and electronics shipments across the world

Ships are re-routing via South Africa to avoid the Red Sea area of conflict, costing time and money.

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