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The Latest Breaking News from The Red Sea

Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the…

The Economic Times

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

U.S. President Donald Trump says a deal to reopen the Strait of Hormuz could come as early as Wednesday

The Independent UK

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

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The Houthis Said They Struck a Saudi Tanker In The Red Sea Despite U.S.-Iran Talks. Brent Crude Is Up

Yemen's Houthi rebels said they again struck a Saudi tanker in the Red Sea as they continue to enforce what they have described an embargo on the country's oil in the region.

International Business Times

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

US says Iran Hormuz deal could come 'today or tomorrow' as oil prices plunge

A senior Trump administration official on Tuesday said an agreement to restore shipping through the Strait of Hormuz could be reached as soon as "today or tomorrow", fuelling hopes of a diplomatic breakthrough despite Iran's public denials that it is negotiating with Washington.

France 24

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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

Saudi oil tanker heads to India as Red Sea, Hormuz traffic slows amid attacks

US Iran war: A Saudi crude tanker carrying 2 million barrels is headed to Sikka port where Reliance Industries receives most of his cride oil, after crossing the Bab el-Mandeb Strait, even as tanker attacks and Houthi threats disrupted shipping in the Red Sea and Strait of Hormuz. Vessel traffic…

The Economic Times

The US war on Iran is spinning out of control

Trump’s conflict keeps escalating, with Saudi Arabia joining airstrikes in Iraq and reportedly planning an attack on the Houthis. A recession could follow

The Guardian - US

Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector

Chevron posted Q2 2026 earnings of $12.1 billion as elevated Brent crude and strong refining margins boosted results, but the stock struggled to rally as gains appeared already priced in.

MarketBeat

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

Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed…

The Economic Times

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The Economic Times

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…

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.

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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

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

France 24

Yemen says ready to escalate against Houthi rebels as they target Saudi Arabia

Yemen's government on Monday issued a warning to the Houthi rebels after they stepped up recent attacks on Saudi oil infrastructure and imposed a maritime blockade, raising fears that the Iran-backed group's campaign could open a new front in the wider regional conflict and threaten shipping through the Red Sea.

Bangkok Post

Thailand to purchase oil outside the Middle East

Thai energy authorities and oil traders are preparing to import more crude oil from outside the Middle East as the escalating conflict disrupts two key shipping routes — the Red Sea and 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.

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