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The Latest Breaking News from Red Sea

Crude Prices Fall as Weak Demand Boosts Weekly EIA Product Inventories

February WTI crude oil (CLG24 ) on Thursday closed down -0.51 (-0.70%), and Feb RBOB gasoline (RBG24 ) closed down -4.80 (-2.22%). Crude oil and gasoline prices Thursday gave up an early advance and turned lower weekly inventories of crude products unexpectedly rose in Thursday's weekly EIA report, a sign...

Barchart · Jan 4, 2024

Blinken heads to the Mideast again as fears of regional conflict surge

Secretary of State Antony Blinken heads to the Middle East this weekend for the fourth time since the Israel-Hamas war erupted in October as once-abated fears about a regional conflagration are surging with attacks and assassinations in the Red Sea, Lebanon, Iran and Iraq

The Independent UK · Jan 4, 2024

Crude Prices Fall on an Unexpected Build in Weekly Product Inventories

February WTI crude oil (CLG24 ) this morning is down -1.51 (-2.08%), and Feb RBOB gasoline (RBG24 ) is down -6.96 (-3.23%). Crude oil and gasoline prices this morning gave up an early advance and turned lower after an unexpected build in crude products in today's weekly EIA report, a...

Barchart · Jan 4, 2024

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Next warns of stock shortages if Red Sea shipping problems continue

Next boss warns extra two and a half weeks must be added to stock delivery times for products coming through Suez Canal

The Independent UK · Jan 4, 2024

Shipping giant Maersk's stock buoyed by halt of Red Sea journeys following Houthi rebel attacks

Global shipping leaders and oil giant BP have decided to hit pause on Red Sea transit until it becomes safer—but costs could increase as a result.

Fortune · Jan 4, 2024

Lord Cameron warns Iran-backed Houthi rebels Britain will 'act' to stop Red Sea missile attacks on ships

America, the UK and other allies have sent what amounts to a final warning to Iran-backed Houthi rebels to end their attacks on vessels in the Red Sea or face potential targeted military action

Evening Standard · Jan 4, 2024

French shipping company denies attack by Yemeni Houthis in Red Sea

The French shipping company CMA CGM said one of its container ships in the Red Sea was unharmed after Yemen’s Houthis claimed on Wednesday to have targeted it, as part of its ongoing attack of commercial shipping vessels it considers to be doing business with Israel.

Radio France Internationale · Jan 4, 2024

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US, Allies Warn Houthis As Ship Attacks Rattle Global Commerce

Twelve nations led by the United States on Wednesday jointly warned Yemen's Houthi rebels of unspecified consequences unless they halt sea attacks that are increasingly disrupting global commerce.

Latin Times · Jan 4, 2024

US calls for urgent UN action on attacks by Yemen's Houthi rebels on ships in the Red Sea

The United States is calling on the U.N. Security Council to take urgent action against Yemen’s Houthi rebels for attacking ships in the key Red Sea trade route, and is warning their longtime financier and weapons supplier Iran that it has a choice

The Independent UK · Jan 4, 2024

US warns Houthis to cease attacks on Red Sea vessels or face potential military action

The United States and 12 allies has given what amounts to a final warning to Houthi rebels, telling the militants to cease their attacks on vessels in the Red Sea or face potential targeted military action

The Independent UK · Jan 3, 2024

US, Allies Warn Huthis As Ship Attacks Rattle Global Commerce

Twelve nations led by the United States on Wednesday jointly warned Yemen's Huthi rebels of unspecified consequences unless they halt sea attacks that are increasingly disrupting global commerce.

International Business Times · Jan 3, 2024

Fear and Chaos Grip Middle East as Conflict Escalates Rapidly

From Iran to Lebanon to the Red Sea and Gaza, chaos unfolds. Death toll rises, tensions escalate. Discover the intertwining paths of conflict in the Middle...

Australia, US, UK issue warning over Red Sea attacks

In a multi-national statement, Australia has condemned Yemeni rebels' attacks on ships in the Red Sea as violence in Gaza stretches toward its fourth month.

AAP · Jan 3, 2024

US-led coalition warns Houthis of ‘consequences’ after Red Sea attacks

The Houthis have argued that their attacks on ships linked to Israel are an act of solidarity with Gaza.

Al Jazeera · Jan 3, 2024

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Fortune · Jan 3, 2024

Stocks are suffering from a New Year’s ‘hangover’ for 3 reasons, Capital Economics says

After a bullish 2023 and a big holiday season, the market is shaking off a few jitters in early January. A bit too much exuberance?

Barchart · Jan 3, 2024

Crude Oil Prices Close Sharply Higher on Global Supply Disruptions

February WTI crude oil (CLG24 ) on Wednesday closed up +2.32 (+3.30%), and Feb RBOB gasoline (RBG24 ) closed up +6.32 (+3.02%). Crude oil and gasoline prices recovered from early losses Wednesday and rallied sharply on supply disruptions in Libya and increased tensions in the Middle East. Crude prices Wednesday...

Evening Standard · Jan 3, 2024

UK warns Houthi rebels to end attacks on Red Sea container ships immediately

The British Government and 11 other countries have issued a final warning to the militants to cease hostilities in the important maritime trade route.

The Guardian - UK · Jan 3, 2024

The Guardian view on escalation in the Middle East: the danger of a regional war is growing

Editorial: The assassination of a Hamas leader in Beirut and Houthi attacks on ships in the Red Sea increase the risks

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The Guardian - UK · Jan 3, 2024

What is the Red Sea crisis, and what does it mean for global trade?

Attacks by Houthi rebels along the trade route have led to firms pausing shipments, raising the possibility of a shock to the world economy

Barchart · Jan 3, 2024

Crude Oil Prices Jump on Global Supply Disruptions

February WTI crude oil (CLG24 ) this morning is up +2.03 (+2.88%), and Feb RBOB gasoline (RBG24 ) is up +5.71 (+2.73%). Crude oil and gasoline prices this morning recovered from early losses and rallied sharply on supply disruptions in Libya and increased tensions in the Middle East. Crude prices...

International Business Times · Jan 3, 2024

Global Oil Prices Trend Down In Early 2024 As US Production Booms, OPEC Flounders

US oil output continues to reach new heights; Houthi attacks in the Red Sea persist; OPEC's eighth-largest producer is leaving the cartel.

Red Sea attacks escalate, disrupt global trade and raise inflation fears

Yemen's Houthi rebels continue attacks on merchant ships in the Red Sea, raising concerns of disruption to global trade and potential economic repercussions.

The Guardian - UK · Jan 3, 2024

UK grocery price inflation slows to 6.7% as retailers enjoy busiest Christmas since 2019, data shows – as it happened

Food inflation lowest since April 2022 but many consumers still feeling the pinch, says data firm Kantar

Tensions escalate as Hamas leader killed, Iran naval destroyer deployed

Tensions rise in the Middle East as a top Hamas leader is killed in Beirut, Iran sends a naval destroyer to the Red Sea, and Russia launches multiple missi...

Iranian Ship Threatens Shipping in Red Sea, Companies Pulling Back

Discover the impact of Iranian vessels in the Red Sea and how it affects shipping companies and prices. Explore the need for action and the complexities su...

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