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The Latest Breaking News from The Red Sea

Iran-backed Houthi rebels warn against joining Saudi Arabia in Yemen's growing civil war

A senior official with the Iran-backed Houthi rebels is warning countries against joining Saudi Arabia in Yemen’s revived civil war

The Independent UK

Crude Prices Retreat on Hopes Middle East Energy Exports to Recover

October WTI crude oil (CLV26 ) closed down -1.61 (-1.58%) on Friday, and October RBOB gasoline (RBV26 ) closed up +0.0203 (+0.58%). Crude oil and gasoline prices settled mixed on Friday. Crude prices were under pressure on Friday on hopes that diplomacy could end hostilities in the Middle East, leading...

Barchart

Yemen war escalates: 1.12 lakh displaced, thousands flee to Djibouti

Renewed fighting in Yemen has displaced over 1.12 lakh people internally and thousands have fled to Djibouti. Thousands have reached Djibouti in less than a week, seeking refuge from intensified conflict. Djibouti prepares for a significant refugee influx, straining its healthcare and education systems. The Houthis have intensified attacks on…

The Times of India

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Crude Prices Supported by Middle East Supply Disruptions

October WTI crude oil (CLV26 ) is up +0.38 (+0.37%) today, and October RBOB gasoline (RBV26 ) is down -0.0068 (-0.19%). Crude oil and gasoline prices are mixed today. Crude prices have support as Middle East tensions continue to disrupt crude supplies. However, crude gains are limited on hopes that...

Barchart

Aramco Reportedly Tells European Buyers It Doesn't Have Crude For Next Month. Oil Reversed All Losses.

Riyadh's exports have been severely disrupted after Yemen's Houthi rebels began targeting its shipments through the Red Sea and its key East-West pipeline was hit last week.

International Business Times

Crude Prices Slip as Supply Fears Ease

October WTI crude oil (CLV26 ) closed down -0.52 (-0.51%) on Thursday, and October RBOB gasoline (RBV26 ) closed up +0.0223 (+0.64%). Crude oil and gasoline prices settled mixed on Thursday, with gasoline climbing to a 1.75-month nearest-futures high. Crude prices fell on Thursday amid signs that supply disruptions in...

Barchart

Africa’s Red Sea states face growing risks as Houthi rebels expand their reach

The Houthi takeover of parts of the Red Sea gives the armed group a new platform to challenge global shipping. The group has taken over the port of Mocha, the island of Mayyun, and the Zuqar and Hanish archipelago about 160km north of the Bab al-Mandeb Strait. These areas were…

The Conversation

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Crude Prices Fall as Saudi Arabia Seeks to Restore East-West Pipeline

October WTI crude oil (CLV26 ) is down -1.79 (-1.750%) today, and October RBOB gasoline (RBV26 ) is down -0.0191 (-0.55%). Crude oil and gasoline prices are falling today on signs that supply disruptions in the Middle East are set to ease, potentially boosting global oil supplies. Crude prices are...

Barchart

Saudi Arabia Resorted To China To Rein In The Houthis. Beijing Reportedly Pressured Iran.

China has publicly called on parties to exercise restraint and deescalate tensions.

International Business Times

Houthi offensive in Yemen adds to fear that Iran war could escalate into a wider global conflict

Yemen’s Houthis have launched a major offensive in recent days. They’ve rapidly swept down the Red Sea coast, seizing strategically important positions and giving the Iran-backed rebel group the potential to control traffic through this vital waterway.

The Conversation

Thursday briefing: Yemen’s war continues to threaten oil supplies– but what about its people?

In today’s newsletter: The Houthi advance along the Red Sea coast raised fears for global trade and energy supplies, while more than 100,000 Yemenis have been displaced by the fighting

The Guardian - UK

Crude Oil Prices Sharply Lower as Middle East Disruptions Ease

October WTI crude oil (CLV26 ) closed down -3.40 (-3.21%) on Wednesday, and October RBOB gasoline (RBV26 ) closed up +0.0198 (+0.57%). Crude oil and gasoline prices settled mixed on Wednesday, with gasoline climbing to a 3-week nearest-futures high. Crude prices fell sharply on Wednesday as signs emerged that more...

Barchart

Capture of Mocha marks turning point in Yemen war, with ripples across Red Sea

Days after Houthis captured the Red Sea port of Mocha from Yemeni forces, Saudi Arabia has accused the rebels of firing a drone towards the holy city of Mecca – a target Saudi officials say is a "red line". Analysts warn the Houthis' territorial gains could open a new and…

Radio France Internationale

Rapid Houthi advances in Yemen pose massive strategic risks for Saudi Arabia in the Gulf

An advance by Yemen’s Houthi rebels, which has included the targeting of Saudi cities and infrastructure, has quickly complicated a widening Middle East war.

The Conversation

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The Times of India

US officials met Houthi leaders in Oman after Red Sea blitz, got assurances: Report

US officials reportedly met Houthi representatives in Oman on Sunday. The meeting occurred after Houthis occupied a significant portion of the Red Sea coast. Houthis affirmed no intention of attacking American vessels and committed to a 2025 ceasefire. They also stated they would not attack Israeli or commercial ships, except…

Barchart

Crude Oil Prices Retreat as Supply Fears Ease

October WTI crude oil (CLV26 ) is down -4.07 (-3.85%) today, and October RBOB gasoline (RBV26 ) is down -0.-0350 (-1.01%). Crude oil and gasoline prices are sharply lower today on signs that crude supplies are getting through the Strait of Hormuz, easing supply concerns. Losses in crude accelerated today...

The Guardian - UK

US opts not to back Saudi Arabia in Yemen after meeting Houthi leaders

Iran-backed militants have offered Trump administration assurances over safety of Red Sea shipping

The Conversation

Why Yemen has returned to conflict

The dormant conflict in Yemen has erupted once more, with the Houthi rebel group seizing control of the Red Sea port city of Mocha and a number of islands from Yemeni government forces in recent weeks. This has given the Houthis a foothold close to the Bab al-Mandab Strait, a…

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International Business Times

Yemen's Houthis Reportedly Met With U.S. Officials After Making Key Gains. They Promised Not To Target U.S. Ships.

The Iran-backed group has taken key islands in the Red Sea and Yemen.

The Independent UK

Houthi rebels accused of targeting Mecca with drone as Saudi Arabia warns of ‘red line’

The Yemeni group has escalated attacks on the Saudi-led coalition amid a push west to squeeze traffic from the Red Sea

The Conversation

The Houthis have further tightened their grip on the Red Sea. Here’s what it could mean for the world

In recent days, the Houthi rebels in Yemen have moved with lightning speed along the Red Sea coast, taking control of the vital port of Mocha and strategic islands in the Red Sea near the Bab el-Mandeb Strait.

The Economic Times

Saudi crown prince seeks Egypt's backing as Houthi attacks rattle Red Sea oil routes

Saudi Arabia's Crown Prince met Egypt's President seeking support against Houthi rebel attacks. These attacks threaten vital shipping lanes and Saudi oil infrastructure significantly. The Houthi advances have also intensified the conflict within Yemen itself. Egypt's backing offers political influence and international rallying for Saudi Arabia. The kingdom faces difficult…

Barchart

Crude Prices Surge on Global Supply Risks

October WTI crude oil (CLV26 ) closed up +4.44 (+4.38%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.1481 (+4.46%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude posting a 3.75-month high and gasoline posting a 3-week high. Supply risks are...

France 24

First Hormuz, now the Red Sea? Oil spikes as Saudis sucked into Yemen spiral

First, there was US President Donald Trump’s surprise decision to strike Iran. Then, came the quagmire of a war without an exit strategy. Now, six months later, with access to the Strait of Hormuz all but shut, global shipping has taken another hit the other end of the Arabian Peninsula.…

The Independent UK

Saudi crown prince seeks Egypt’s backing as Houthi attacks rattle Red Sea oil routes

Saudi Arabia’s crown prince is seeking back from the president of Egypt, his ally across the Red Sea, as the kingdom faces increased attacks by Yemen’s Houthi rebels

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