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The Latest Breaking News from Red Sea

How the Iran-backed Houthis' claims of deadly attacks are stoking fears of a wider regional conflict

Yemen's Houthi rebels claimed responsibility for deadly attacks this week. These actions escalated the conflict and raised regional concerns about wider escalation. The attacks targeted civilians and troops, and also impacted Red Sea shipping. Shipping data shows fewer tankers passing through the Bab el-Mandeb Strait recently. This disruption affects global…

The Economic Times

India stresses security of seafarers as "high priority" after Indian vessel sinks off Yemen; calls for safe, unimpeded passage

India's External Affairs Ministry stressed seafarer safety following a Red Sea vessel sinking. All thirteen Indian nationals aboard were successfully rescued by Yemeni authorities. The government is coordinating with shipping ministries and regional maritime authorities. India continues to advocate for safe and unimpeded global commerce navigation. This incident highlights ongoing…

The Economic Times

Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal

Oil prices fell as markets reacted to ongoing discussions between Iran and Oman. The negotiations could pave the way for a peace agreement between the United States and Iran, potentially reopening the critical Strait of Hormuz. Reports suggest progress towards a deal that would allow Iran to oversee shipping operations,…

The Economic Times

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Over 50 nations, 3 continents: Has World War III already begun?

The world today is so well-connected and interlinked that the petrol in your car costs more because missiles are flying over the Persian Gulf, your online order is delayed because ships are avoiding the Red Sea, and soldiers who learnt to fight Russian drones in Ukraine are now training troops…

The Times of India

How trains can transform Persian Gulf politics and global security

The crisis in the Strait of Hormuz, wider tensions in the Red Sea and the oil price spikes these circumstances occassion have made one thing abundantly clear: Gulf countries and global markets are dependent on vulnerable maritime routes.

The Conversation

Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

President Trump indicated a deal to reopen the Strait of Hormuz could happen soon. Hopes for a deal eased oil prices as shipping hopes increased. Attacks on shipping in the Red Sea and Strait of Hormuz continued. Iran and Oman are reportedly discussing routes for safe shipping lanes. Progress has…

The Economic Times

'Extremely hazardous': Seafarers’ union urges PM Modi to deploy Navy after Indian vessel sinks

The Forward Seamen’s Union of India (FSUI) has urged Prime Minister Narendra Modi to deploy Indian Navy assets to protect Indian-flagged vessels and seafarers in the Red Sea, Black Sea and Strait of Hormuz. The union warned that escalating regional conflicts have turned commercial shipping routes into “active danger zones”.

The Times of India

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A new Houthi front and expanded Iranian attacks risk sinking Gulf nations’ choke-point workaround and widening shipping risks

After a nine-month pause, Houthi militants in Yemen allied to Iran resumed attacks on vessels in the Red Sea on July 22, 2026, directly targeting the group’s longtime foe Saudi Arabia. A week later, a floating liquefied natural gas storage facility in Egypt’s Mediterranean port of Damietta was struck by…

The Conversation

Houthis vow 'full escalation' as Saudi Arabia launches Red Sea coalition

Houthi leader Abdul-Malik al-Houthi warned Saudi Arabia of an all-out response hours before Riyadh announced a new multinational maritime defence coalition, with 14 countries, including Pakistan, Turkey and Egypt, signing a founding statement to protect Red Sea shipping.

Euronews

Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?

Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defense ministry said 14 countries, including Turkey, Pakistan, Egypt, Sudan and Djibouti, had issued a joint statement backing the proposed maritime security alliance.

The Economic Times

Saudi Arabia prepares sea and possible land offensive against Houthis

Yemeni sources say Saudis concentrating forces for what could be attack in central Yemen

The Guardian - UK

Saudi Arabia seeks coalition to secure Red Sea shipping

Saudi Arabia is seeking an international coalition to safeguard Red Sea shipping lanes. This initiative aims to counter ongoing Houthi attacks which threaten commercial vessels. The Houthis previously declared a naval blockade against Saudi Arabia in the Red Sea. Riyadh has responded with air strikes targeting Houthi military facilities. These…

The Economic Times

Oil prices slip as tankers continue to ply Middle East conflict zones

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impacting regional stability. Thirty-nine commodity ships passed through the Bab el-Mandeb strait into the Red Sea. Iran has ruled out an Omani proposal for regional joint management of…

The Economic Times

Aramco mulls new Asia pricing on deliveries from Egypt port

State-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, as some shipowners are avoiding Yanbu fearing Houthi attacks. Meanwhile, Asian refiners are pressing Saudi Arabia for discounts to offset the higher freight costs and longer…

The Economic Times

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Euronews

Houthis to copy Iran's Hormuz playbook with Red Sea toll plan

Yemen's information minister said intelligence confirmed IRGC advisers were directly involved in designing a Houthi-enforced toll system for the Bab el-Mandeb, mirroring Iran's contested claim to charge fees in the Strait of Hormuz.

International Business Times

Iran Is Seeking To Charge Tolls For Passage Through The Strait Of Hormuz. The Houthis Will Reportedly Seek To Do The Same

Iran-backed Houthi rebels are considering charging fees for passage through the Red Sea, following Iran's intention to pursue such a move, according to a new report.

The Economic Times

Yemen's Houthis considering fees for ships sailing through Red Sea, sources say

Yemen's Houthi faction is exploring the potential of levying fees on maritime traffic in the southern Red Sea. This fee proposal emerged from discussions between Iranian officials and Houthi delegates. Interestingly, Chinese vessels are set to be exempt from these charges. Should this plan proceed, it threatens to disturb essential…

Caixin Global

Energy Insider: China’s Commerce Ministry Rebuts Overcapacity Claims

The Democratic Republic of the Congo officially becomes a lithium exporter after certification of a Zijin Mining project, while a Chinese shipping giant’s supertanker successfully navigates the Red Sea amid plunging traffic

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The Economic Times

India's energy security at risk from Hormuz-Red Sea double squeeze, says CareEdge Ratings

India faces significant energy security risks from chokepoint disruptions. A dual closure could push Brent crude prices to $130-135 per barrel. This scenario threatens inflation and the Indian rupee's stability. Smaller businesses are particularly exposed to rising costs and liquidity stress. Global supply chains and India's trade balance would experience…

The Economic Times

Ships transiting via Bab el-Mandeb strait at highest in a week, data shows

Thirty-seven commodity ships passed through the Bab el-Mandeb strait on Tuesday, a notable increase. Only a few vessels transited the Strait of Hormuz, indicating a shift in shipping routes. Yemen's Houthis claimed missile attacks on a Saudi oil tanker in the Red Sea. China has engaged in direct talks with…

The Economic Times

Houthis pushing to model Iran's Hormuz control in Red Sea, Yemeni FM says

Yemen's top diplomat stated Houthis aim to replicate Iran's Strait of Hormuz strategy. This action could disrupt shipping in the Bab el-Mandeb and Red Sea gateways. The Red Sea has become a new front in the Iran war, with escalatory approaches. Saudi Arabia responded with airstrikes and vowed to protect…

The Guardian - AU

Asia ‘scraping the bottom of the barrel’ as Red Sea oil blockade worsens energy crisis

The Houthi threat to Saudi oil exports comes as Japan, South Korea and the Philippines are still reeling from the closure of the strait of Hormuz

International Business Times

The Houthis Said They Keep Hitting Saudi Oil Infrastructure. That Could Spell More Trouble For Global Supply

The Iran-backed Houthis claimed to have struck crude oil supply and transport sites that connect eastern Saudi Arabia to the Red Sea.

International Business Times

The Houthis Are Seeking To Halt The Flow Of Saudi Oil In The Red Sea. Traffic Is Already Slowing

Traffic through the Bab el-Mandeb has decreased after Yemen's Houthi rebels continued to attack Saudi oil facilities along the Red Sea coast as the group seeks to enforce an embargo of the country.

The Economic Times

India's engineering exports climb 21% to $11.48 bn as China demand surges 74%

India's engineering exports rose 21% year-on-year to $11.48 billion in June, supported by strong demand from China, the US, Germany and Oman despite shipping disruptions in the Red Sea and Strait of Hormuz. Engineering exports grew 18.09% in the April-June quarter, helping support India's merchandise exports amid rising logistics costs.

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