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The Latest Breaking News from Red Sea

Crude Prices Retreat on Technical Selling

April WTI crude oil (CLJ24 ) on Wednesday closed down -1.79 (-2.14%), and Apr RBOB gasoline (RBJ24 ) closed down -2.90 (-1.05%). Crude oil and gasoline prices posted moderate losses on Wednesday. An early rally in the dollar index Wednesday to a 2-1/2 week high pressured energy prices. Also, technical...

Barchart · Mar 20, 2024

Crude Prices Retreat on Dollar Strength

April WTI crude oil (CLJ24 ) this morning is down -1.77 (-2.12%), and Apr RBOB gasoline (RBJ24 ) is down -3.75 (-1.36%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is pressuring energy prices. Also,...

Barchart · Mar 20, 2024

Crude Settles Higher on Tighter Global Oil Supplies

April WTI crude oil (CLJ24 ) on Tuesday closed up +0.75 (+0.91%), and Apr RBOB gasoline (RBJ24 ) closed up +0.49 (+0.18%). Crude oil and gasoline prices Tuesday closed higher with crude climbing to a 4-1/2 month high and gasoline posting a 6-month high. Ukrainian drone attacks on Russian refineries...

Barchart · Mar 19, 2024

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Crude Prices Underpinned by Tighter Global Supplies

April WTI crude oil (CLJ24 ) this morning is up +0.59 (+0.71%), and Apr RBOB gasoline (RBJ24 ) is down -0.52 (-0.19%). Crude oil and gasoline prices today are mixed, with crude climbing to a 4-1/2 month high. Ukrainian drone attacks on Russian refineries over the weekend damaged several Russian...

Barchart · Mar 19, 2024

Crude Ends Higher on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24 ) on Monday closed up +1.68 (+2.07%), and Apr RBOB gasoline (RBJ24 ) closed up +3.86 (+1.43%). Crude oil and gasoline prices on Monday moved higher, with crude posting a 4-1/2 month high and gasoline posting a 5-month high. Signs of strength in Chinese crude...

Barchart · Mar 18, 2024

Crude Rallies on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24 ) this morning is up +1.03 (+1.27%), and Apr RBOB gasoline (RBJ24 ) is up +3.42 (+1.26%). Crude oil and gasoline prices are trading sharply higher, with crude posting a 4-1/4 month high and gasoline posting a 5-month high. Signs of strength in Chinese crude...

Barchart · Mar 18, 2024

US Military Destroys Houthi Drone In Red Sea

US military destroys Houthi drone over Red Sea, underscoring regional tensions and maritime security challenges.

Crude Prices Slip on Dollar Strength

April WTI crude oil (CLJ24 ) this morning is down -0.12 (-0.16%), and Apr RBOB gasoline (RBJ24 ) is up +0.50 (+0.18%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 5-3/4 month high. Today's rally in the dollar index to a 1-week high is...

Barchart · Mar 15, 2024

Huthis Fire At Ship Off Yemen As They Threaten Wider Campaign

A missile launched Friday by Yemen's Huthi rebels at a ship in the Red Sea caused no damage, after they threatened to expand their harassment campaign which has disrupted global trade.

International Business Times · Mar 15, 2024

Reports claim Yemen’s Houthis have hypersonic missile in their arsenal

Yemen's Houthi rebels claim to have a new hypersonic missile, potentially escalating attacks on shipping in the Red Sea.

The Hindu · Mar 14, 2024

Crude Prices Rally on IEA Forecast for 2024 Oil Deficit

April WTI crude oil (CLJ24 ) is up +1.32 (+1.66%), and Apr RBOB gasoline (RBJ24 ) is up +0.156 (+0.59%). Oil prices are trading higher on today's IEA's report, which said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts. Oil...

Barchart · Mar 14, 2024

Houthis Claim Hypersonic Missile, Raising Stakes In Red Sea

Houthi rebels claim possession of hypersonic missile, raising concerns in Yemen conflict and international community.

Philippine Seafarers Return Home After Surviving Red Sea Attack

Philippine seafarers return home safely after surviving Houthi attack in the Red Sea. Government support and investigations ongoing.

U.S. Navy Repels Iranian-Backed Houthi Attack In Red Sea

Recent events in the Middle East highlight the U.S. Navy's successful defense against Houthi attacks in the Red Sea, underscoring the challenges of proxy w...

Escalating Tensions Between US And Israel Over Gaza Conflict

Escalating drone attacks by Iranian-backed Houthi militants target American ships in Red Sea. Biden faces challenges in supporting Israel amid Gaza conflict.

The Guardian - UK · Mar 11, 2024

West won’t stop Houthi attacks unless it works with Yemeni authorities, say experts

Calls for closer collaboration made after multiple Houthi drone strikes on ships in Red Sea over weekend

U.S. And British Warships Intercept Houthi Drones In Red Sea

Updates on U.S.-led coalition airstrikes against Houthi terrorists in Yemen, with focus on escalating conflict and aid distribution.

The Guardian - UK · Mar 9, 2024

Royal Navy shoots down Houthi drones after US and allies attacked in Red Sea

HMS Richmond destroyed two targets with Sea Ceptor missiles, defence secretary Grant Shapps said

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International Business Times · Mar 9, 2024

US-led Coalition Shoots Down 15 Yemen Rebel Drones: CENTCOM

The United States and its allies said they shot down 15 drones fired by Yemen's Huthis into the Red Sea and Gulf of Aden on Saturday, in one of the Iran-backed rebels' largest attacks.

The Guardian - UK · Mar 9, 2024

Houthi forces step up Red Sea attacks as US and Denmark shoot down drones

Iran-backed group is attempting to strike ships it claims have links to Israel, in solidarity with Gaza

Al Jazeera · Mar 9, 2024

US-led coalition shoots down 15 drones fired by Yemen’s Houthis in Red Sea

US military says it was responding to a large-scale attack by the Iran-aligned group that posed an ‘imminent threat’.

Caixin Global · Mar 8, 2024

Red Sea Crisis Squeezes Chinese Exporters as Shipping Costs Rise, Fitch Says

Rerouting via the Cape of Good Hope is having the greatest impact on China’s exports of cars and solar modules, according to Fitch Ratings

Autosport · Mar 8, 2024

Verstappen hopes "impressive" F1 debutant Bearman doesn't fixate on missing Q3

Bearman made his full F1 debut in place of the appendicitis-addled Carlos Sainz at the 2024 Saudi Arabian Grand Prix on Friday, jumping into an SF-24 with only FP3 to prepare ahead of qualifying on the high-speed, walled layout in the Red Sea coastal city.

Brenntag Chemical Group Faces Delayed Shipments Due To Red Sea Attacks

Brenntag faces delays in shipments due to Red Sea attacks, impacting the chemical industry supply chain.

Al Jazeera · Mar 7, 2024

Could Houthi-sunk ship Rubymar spell eco-disaster for the Red Sea?

‘Time is of essence’: Greenpeace director warns that urgent strategy is needed to protect the Red Sea from catastrophe.

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