The Latest Breaking News from Red Sea

Iran-backed Houthis fire missiles at Saudi Arabia in response to airstrikes in Yemen

Yemen's Houthi rebels launched missile and drone attacks on Saudi Arabia Saturday. These strikes were in retaliation for Saudi airstrikes on Hodeida city. The conflict escalates over vital shipping routes in the Red Sea and Strait of Hormuz. Iran reported no new strikes overnight, while tensions remain high. The Bab…

The Economic Times · Jul 25

Ships continue Red Sea transit despite attacks and Houthi blockade: Report

Dozens of vessels navigate the Bab el-Mandeb Strait despite Houthi rebel threats. Growing uncertainty forces ships to alter courses and execute U-turns. Recent attacks on oil tankers threaten global commerce and already strained supply lines. Disruptions in the Red Sea and Strait of Hormuz expose a quarter of global oil.…

The Economic Times · Jul 25

Saudi-Led Coalition Strikes Houthi Targets In Response to Militia Attacks; Energy Markets Brace for Volatility

The Saudi‑led coalition in Yemen struck Houthi targets on Saturday in response to missile attacks launched by the Iranian‑backed group.

Benzinga · Jul 25

Crude oil prices rise 10% this week but China enters fray to push for end to Iran war. What’s next?

Crude oil futures experienced a significant decline on Friday. This drop followed reports of China's initiative to restart stalled US-Iran peace negotiations. Despite the fall, both Brent and West Texas Intermediate crude are set for weekly gains. Geopolitical developments continue to heavily influence global oil prices and supply concerns. Experts…

The Economic Times · Jul 25

Iran-backed Houthis claim missile attack on Saudi Arabia as regional tensions escalate

Saudi air defences intercept ballistic missiles as Iran reports first night without US strikes in two weeks

The Guardian - UK · Jul 25

US military says it fired on another merchant vessel trying to breach its blockade of Iranian ports

The US disabled a second merchant vessel enforcing its blockade of Iranian ports as Iran targeted US-linked bases across the Gulf. Fighting intensified for a 13th consecutive night, with Saudi-Houthi clashes worsening regional tensions. Despite renewed diplomatic contacts, no breakthrough emerged, while disrupted shipping, rising oil prices and mounting casualties…

The Economic Times · Jul 25

Houthis target Saudi oil facilities as new Middle East front

Yemen's Iran-backed Houthi rebels launched missiles and drones at Saudi Arabia's oil infrastructure on Saturday, retaliating for Saudi strikes in Yemen and intensifying a regional conflict that is increasingly threatening energy supplies and vital shipping lanes.

France 24 · Jul 24

Chip Stock Sell-off Puts Downward Pressure on Broader Market

The S&P 500 Index ($SPX ) (SPY ) on Friday fell -0.08%, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -1.27%. September E-mini S&P futures (ESU26 ) fell -0.08%, and September E-mini Nasdaq futures (NQU26 ) fell...

Barchart · Jul 24

US expands Iran attacks as Trump warns Tehran and Houthis over Red Sea strikes

No end to fighting in sight as Revolutionary Guards launch drones at targets in Bahrain, Jordan and Kuwait

The Guardian - UK · Jul 24

Oil Prices Fall Back as Red Sea Oil Shipments Continue

September WTI crude oil (CLU26 ) is down -3.62 (-4.04%), and September RBOB gasoline (RBU26 ) is down -0.0929 (-2.79%). WTI crude oil prices (CLU26 ) are down by about -4% today, giving back much of Thursday’s rally of +6.17%. Meanwhile, Sep Brent crude oil prices (CBU26 ) have fallen...

Barchart · Jul 24