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The Latest Breaking News from Red Sea

Oil Prices Soar as US-Iran Conflict Expands to Red Sea

September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). WTI crude oil prices (CLU26 ) are up more than +6% today after the Iran-backed Houthis launched a missile and drone attack on two Saudi Arabian oil tankers...

Barchart

Oil soars to $100 on fresh Mideast attacks

LONDON - Oil prices surged to $100 a barrel on Thursday as Tehran-backed Houthi rebels targeted Red Sea shipping and US President Donald Trump threatened to strike them in return.

Bangkok Post

Brent crude oil price surges past $100 as Houthi tanker attacks in Red Sea rattle markets

Brent crude surged above $100 a barrel after Houthi rebels claimed attacks on Saudi oil tankers in the Red Sea, escalating supply concerns. Rising crude prices intensified inflation fears, lifted bond yields and heightened risks to global energy markets.

The Economic Times

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India loses Russia oil discount as Red Sea, Hormuz risks upend crude markets

Russia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alternative cargoes. Rising crude oil prices and higher import costs could squeeze margins for Indian refiners, including BPCL, as geopolitical tensions reshape global oil trade and energy markets.

The Economic Times

Iran vows to continue strikes in spreading Mideast war

TEHRAN - Iran vowed on Thursday to keep striking the region so long as it remains under attack, as the Middle East war spread to new fronts with Tehran’s Houthi allies attacking Saudi shipping in the Red Sea.

Bangkok Post

Gulf oil producers race to build alternatives to the Strait of Hormuz as oil hits $100

Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.

Euronews

Hormuz, Red Sea spark a 1,000% war-risk premium shock

War-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fresh Houthi attacks and the US-Iran conflict are raising voyage costs, increasing crude import expenses for India and adding fresh uncertainty to global oil markets.

The Economic Times

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Iran-US war latest: Oil prices surge above $100 as Trump weighs broader Iran offensive

‘They haven’t received enough pain yet,’ president warns after attacks on ships crossing the Red Sea

The Independent UK

Houthis claim strikes on two Saudi tankers as US attacks on Iran widen

Attacks by Iranian-aligned Houthis in Red Sea follow Trump threats to destroy more Iranian infrastructure

The Guardian - AU

UN chief says Middle East conflict is at the 'edge of the imaginable'

Ongoing conflict in the Middle East has pushed the region to the "edge of the unimaginable", UN Secretary-General Antonio Guterres warned on Thursday, as Houthi attacks on shipping in the Red Sea threatened to escalate the conflict further. President Donald Trump said the US would hold Iran responsible for these…

France 24

Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran war

Houthi militants claimed strikes on two Saudi oil tankers, raising Red Sea shipping risks. The United States launched new strikes on Iran, marking a twelfth successive night of attacks. These actions threaten global oil supplies and increase regional conflict potential. Iran warned of targeting economic infrastructure if its own infrastructure…

The Economic Times

Middle East crisis is ‘getting out of control’, UN chief warns – as it happened

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The Guardian - AU

More tankers turn back as Houthi threat rattles Red Sea oil trade

Houthi militia warnings are causing tankers to change course in the Red Sea. Two vessels altered their destinations to the Suez Canal after the blockade declaration. European Union naval forces advised ships to avoid voyages through the Red Sea. This situation raises concerns for global energy supplies and international trade…

The Economic Times

Brent crude surges 4% to over $95 a barrel, nears 6-week high as conflict threatens key oil transit routes

Oil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U.S. and Iran have sparked fears of supply disruptions affecting critical shipping lanes. Moreover, threats from the Houthi militia are hindering oil tanker operations in the Red Sea,…

The Economic Times

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The Economic Times

Trouble is brewing at Middle East's two key chokepoints

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are experiencing reduced vessel traffic. Houthi rebels have threatened a full blockade on Saudi Arabian ports. Despite risks, Saudi oil exports…

The Economic Times

Houthi Red Sea threat would challenge a stretched US military

The Houthis' threats to block Saudi ports signify a troubling development in the Iran war, potentially raising US military commitments in the region. With a history of withstanding coalition bombings, the Houthis may challenge military resources further, necessitating a redirection of naval support, which could lead to reduced US firepower…

International Business Times UK

Trump Warns Houthis US Will 'Take Care Of' Group Over Threatened Saudi Ports Blockade

Donald Trump has warned of US intervention if the Iran-backed Houthis blockade Saudi Arabia's Red Sea ports, amid escalating tensions in the Middle East.

The Conversation

Why new Houthi threats in the Red Sea could spell trouble for global oil prices and inflation

On Monday, the Iran-backed Houthi rebels in Yemen announced they would impose a “maritime embargo” on Saudi Arabia, in what could mark a dangerous escalation in the ongoing conflict between the United States and Iran.

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The Guardian - UK

Houthis threaten to attack shipping tankers if they use Saudi Arabian ports on Red Sea

Warning to shipping companies, on top of Iran’s chokehold on strait of Hormuz, may severely affect Saudi oil exports

The Economic Times

After Hormuz, Gate of Tears may make the world cry. What about India?

The Bab el-Mandeb Strait, a key shipping route connecting Red Sea and Gulf of Aden, faces growing risks of disruption after Yemen’s Houthi movement warned of a maritime blockade targeting Saudi shipping. With US-Iran tensions escalating, the possibility of a closure of the waterway has emerged as a major global…

The Independent UK

Oil prices remain close to one-month high as Yemen announces Red Sea blockade

US conducts 10th night of strikes on Iran despite attempts to secure 10-day ceasefire

The Economic Times

How a Houthi blockade in the Red Sea tightens Iran's grip on global energy supplies

Yemen's Houthis declared a maritime blockade against Saudi Arabia on Monday. This action escalates regional conflict and impacts global energy markets significantly. The Red Sea has become a critical alternative oil export route for the Gulf. Disruptions here, alongside the Strait of Hormuz, could cause a major energy crisis. The…

The Economic Times

Why the Red Sea remains one of the world's most dangerous shipping routes

Red Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threaten vital energy markets. The Bab el-Mandeb Strait, an essential trade artery, is now under scrutiny as Houthi rebels have stationed missiles and drones nearby. This precarious situation…

The Economic Times

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait…

Euronews

Euronews aboard EU warships in the Red Sea: Europe eyes wider mandate as Houthi threat grows

In a special report from EU patrol ships in Djibouti, Kaja Kallas told Euronews that the 27-member bloc was discussing expanding Aspides' mandate and that ships pledged to a Hormuz coalition could be redeployed to the Red Sea in the interim.

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