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The Latest Breaking News from The Red Sea

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...

Barchart

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.

International Business Times

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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.

The Conversation

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.

TechRadar

Are Houthi Red Sea attacks hurting Israel and disrupting global trade?

The Houthis attack ships in one of the busiest maritime routes as they demand Israel to end its brutal war in Gaza.

Al Jazeera

US-led taskforce deploys in Red Sea as Middle East crisis threatens to escalate beyond Gaza

The US is reportedly considering strikes against Houthi rebels in Yemen that have been menacing commercial ships in the Red Sea since the conflict began in Gaza. The Pentagon has a range of options for missile attacks on Houthi positions and has moved the Dwight D. Eisenhower carrier strike group…

The Conversation

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Houthi Rebels' Red Sea Attacks Intensify, US Sets Up Maritime Coalition

The US scrambles to address a surge in Houthi attacks on commercial ships in the Red Sea, prompting the establishment of an international maritime coalition.

Top News

‘Fed up with war’: Yemenis fear new conflict after Houthi Red Sea attacks

Many Yemenis worry that the Houthi attacks on Red Sea vessels will spark a new war for their embattled nation.

Al Jazeera

Red Sea crisis: why the Albanese government said no to the United States’ warship request

The reason Anthony Albanese cited for declining sounds very familiar. Almost like the Coalition said much the same thing

The Guardian - AU

Red Sea Boost: Oil Prices Rise as Traders Keep Watch

Oil prices tick higher as the energy market eagerly keeps tabs on Red Sea developments. Find out how this aquatic adventure impacts global crude oil prices.

Top News

Diplomacy favoured by PM over warship to Red Sea

Australia could contribute better to Middle East stability through diplomacy, says the prime minister as the government mulls a request to send a warship.

AAP

Stock Market Today: Energy Stocks Pop as Geopolitical Risks Rise

U.S. crude futures climb as Tehran-backed Houthi rebels from Yemen continue to attack shipping vessels in the Red Sea.

Kiplinger

Retired Colonel criticizes defensive actions in Red Sea conflict

Explore the current situation in the Red Sea and Gulf of Aden, resembling past conflicts, and the need for offensive actions. Also, dive into enlisted sold...

Top News

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Top News

Maersk reroutes ships due to Houthi attacks, oil prices spike

Maersk's bold decision to reroute shipping away from the Red Sea due to Houthi attacks prompts an international coalition to secure the region and ensure s...

Barchart

Crude Closes Higher due to Oil Tanker Risks in the Red Sea

January WTI crude oil (CLF24 ) on Tuesday closed up +0.97 (+1.34%), and Jan RBOB gasoline (RBF24 ) closed up +4.18 (+1.94%). Crude oil and gasoline prices on Tuesday settled moderately higher but remained below Monday's 2-week highs. A weaker dollar on Tuesday was bullish for energy prices. Also, geopolitical...

Top News

Houthi attacks prompt international coalition; oil prices may be affected

Join the exciting journey as the U.S. leads a 10-country team to counter reckless Houthi rebel attacks. Discover how this international coalition tackles t...

The Independent UK

UK warship joins US-led international force to combat attacks on ships in Red Sea

Iranian-backed Houthi militants have vowed to continue their attacks on vessels

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The Guardian - UK

US announces naval coalition to defend Red Sea shipping from Houthi attacks

Egypt and Saudi Arabia notably absent from Operation Prosperity Guardian as more shipping companies forgo route

Barchart

Crude Prices Supported by Oil Tanker Risks in Red Sea

January WTI crude oil (CLF24 ) this morning is up +1.36 (+1.88%), and Jan RBOB gasoline (RBF24 ) is up +3.14 (+1.46%). Crude oil and gasoline prices this morning are moderately higher but remain below Monday's 2-week highs. A weaker dollar today is bullish for energy prices. Also, geopolitical risks...

Al Jazeera

Can the US-led maritime force stop Yemen’s Houthi attacks during Gaza war?

Houthis say attacks won’t stop unless Israel’s do. Shipping industry doesn’t appear convinced task force can halt them.

Al Jazeera

Yemen’s Houthis ‘will not stop’ Red Sea attacks until Israel ends Gaza war

US launches maritime coalition to counter attacks the rebel group says are a response to Israeli ‘crimes’ in Gaza Strip.

Radio France Internationale

France joins 10-nation coalition against Houthi attacks on Red Sea shipping lanes

France has joined a US-led international force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen.

International Business Times

Yemen Rebels 'Will Not Stop' Red Sea Attacks: Houthi Official

Yemen's Iran-backed Houthi rebels said Tuesday they would not halt attacks on Red Sea shipping despite the announcement by the United States of a new maritime protection force.

WEKU

Pentagon announces new international maritime protection force for the Red Sea

The U.S. and other nations are creating a force to protect ships transiting the Red Sea that have come under attack from Houthi-controlled areas of Yemen, Defense Secretary Lloyd Austin announced.

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