The Latest Breaking News from The Red Sea

It's Day 74 of the Israel-Hamas conflict, and tensions continue to escalate near Israel's border with Lebanon, even as Israeli troops sweep through the Gaza Strip to eliminate Hamas. Over in the Red Sea, a U.S.-backed expanded maritime protection force has been announced amid continuing Houthi attacks targeting commercial vessels.

The US and a host of other nations are creating a new 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, Defense Secretary Lloyd Austin announced early Tuesday in Bahrain.

US, UK and other allied ships will seek to shoot down missiles and drones fired at commercial vessels in the Red Sea

Energy company follows decisions by a number of big shipping firms as Houthi militants – who have declared their support for Hamas – step up attacks on vessels

Defense Secretary Lloyd Austin in Israel amid escalating tensions, urging for reduced civilian casualties in Gaza. His visit follows blunt remarks by Presi...

January WTI crude oil (CLF24 ) this morning is up +2.18 (+3.05%), and Jan RBOB gasoline (RBF24 ) is up +5.55 (+3.60%). Crude oil and gasoline prices this morning rallied sharply to 2-week highs. The main bullish factor for crude oil today is geopolitical risks after several major oil shippers...

Oil prices shot up nearly 3% on Monday as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Huthi rebels.

U.S military reports another wave of Houthi attacks targeting commercial shipping in the Red Sea. Defense solutions to ensure safety discussed.

Oil and natural gas giant BP has joined the growing list of companies that have halted their shipments through the Red Sea because of the risk of attack from Yemen’s Houthi rebels