The Latest Breaking News from Red Sea

US Conducts Self-Defense Strikes Against Houthi Missiles In Red Sea

U.S. conducts self-defense strikes against Houthi anti-ship missiles in the Red Sea, highlighting ongoing security challenges.

Top News · Mar 1, 2024

Can US strikes on Yemen’s Houthis be justified as ‘self-defence’?

A US senator says such a claim is ‘laughable’ and calls on Biden to seek permission for strikes from Congress.

Al Jazeera · Mar 1, 2024

Crude Prices Slip as Weak U.S. Economic News Weighs on Energy Demand Prospects

April WTI crude oil (CLJ24 ) on Thursday closed down -0.28 (-0.36%), and Apr RBOB gasoline (RBJ24 ) closed up +2.98 (+1.17%). Crude oil and gasoline prices on Thursday settled mixed. Crude prices gave up an early advance Thursday and turned lower as the dollar strengthened and weaker-than-expected U.S. economic...

Barchart · Feb 29, 2024

Houthis deny targeting underwater cables amid marine disaster warning

Yemeni government warns of Red Sea environmental disaster after cargo ship struck by rebels last week

The Guardian - US · Feb 28, 2024

Middle East crisis: Hamas ‘showing flexibility’ in negotiations with Israel but ‘prepared to continue fighting’ – as it happened

The two sides have been negotiating a deal that would reportedly see a six week pause in fighting and the release of hostages

The Guardian - AU · Feb 28, 2024

1 Pure-Play Tanker Stock to Profit from Red Sea Shipping Diversions

This top oil tanker stock looks well-positioned to profit from the geopolitical disruptions and favorable demand dynamics that should benefit fuel transport companies this year.

Barchart · Feb 27, 2024

Crude Prices Gain on Geopolitical Risks

April WTI crude oil (CLJ24 ) on Tuesday closed up +1.29 (+1.66%), and Apr RBOB gasoline (RBJ24 ) closed up +3.72 (+1.45%). On Tuesday, crude oil and gasoline prices climbed to 2-week highs and closed moderately higher. Geopolitical risks are underpinning crude prices with the ongoing Israeli-Hamas war and continued...

Barchart · Feb 27, 2024

Crude Prices Underpinned by Geopolitical Risks

April WTI crude oil (CLJ24 ) this morning is up +0.86 (+1.11%), and Apr RBOB gasoline (RBJ24 ) is up +2.63 (+1.03%). Crude oil and gasoline prices this morning are moderately higher, with gasoline posting a 1-week high. A weaker dollar today is supportive of energy prices. Also, geopolitical risks...

Barchart · Feb 27, 2024

UK-Houthi conflict stirs fears of escalation among Britain’s Yemenis

Some back the Houthis’ attempt to take on the West and Israel over Gaza. Many also worry about a sharper escalation.

Al Jazeera · Feb 27, 2024

Middle East Conflict: Iran Reportedly Pledges To Double Houthi Weapons Support, Including 'Submarines'

It's Day 144 of the Israel-Hamas war, and a new ceasefire deal may be closer than it has ever been in the past week. However, tensions in the Middle East remain at a vexatious high as Iranian-backed groups run amok in the Israel-Lebanon border and waters around the Red Sea.

International Business Times · Feb 27, 2024