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The Latest Breaking News from The Red Sea

Crude Prices Under Pressure From a Stronger Dollar

May WTI crude oil (CLK24 ) today is down -0.57 (-0.70%), and May RBOB gasoline (RBK24 ) closed down -1.70 (-0.63%). Crude oil and gasoline prices are moderately lower as a stronger dollar weighs on energy prices. Also, technical selling is weighing on crude as prices neared overbought levels after...

Barchart

Crude Prices Retreat on Technical Selling

April WTI crude oil (CLJ24 ) on Wednesday closed down -1.79 (-2.14%), and Apr RBOB gasoline (RBJ24 ) closed down -2.90 (-1.05%). Crude oil and gasoline prices posted moderate losses on Wednesday. An early rally in the dollar index Wednesday to a 2-1/2 week high pressured energy prices. Also, technical...

Barchart

Crude Prices Retreat on Dollar Strength

April WTI crude oil (CLJ24 ) this morning is down -1.77 (-2.12%), and Apr RBOB gasoline (RBJ24 ) is down -3.75 (-1.36%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 2-1/2 week high is pressuring energy prices. Also,...

Barchart

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Crude Settles Higher on Tighter Global Oil Supplies

April WTI crude oil (CLJ24 ) on Tuesday closed up +0.75 (+0.91%), and Apr RBOB gasoline (RBJ24 ) closed up +0.49 (+0.18%). Crude oil and gasoline prices Tuesday closed higher with crude climbing to a 4-1/2 month high and gasoline posting a 6-month high. Ukrainian drone attacks on Russian refineries...

Barchart

Crude Prices Underpinned by Tighter Global Supplies

April WTI crude oil (CLJ24 ) this morning is up +0.59 (+0.71%), and Apr RBOB gasoline (RBJ24 ) is down -0.52 (-0.19%). Crude oil and gasoline prices today are mixed, with crude climbing to a 4-1/2 month high. Ukrainian drone attacks on Russian refineries over the weekend damaged several Russian...

Barchart

Crude Ends Higher on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24 ) on Monday closed up +1.68 (+2.07%), and Apr RBOB gasoline (RBJ24 ) closed up +3.86 (+1.43%). Crude oil and gasoline prices on Monday moved higher, with crude posting a 4-1/2 month high and gasoline posting a 5-month high. Signs of strength in Chinese crude...

Barchart

Crude Rallies on Strong Chinese Demand and Drone Attacks on Russian Refineries

April WTI crude oil (CLJ24 ) this morning is up +1.03 (+1.27%), and Apr RBOB gasoline (RBJ24 ) is up +3.42 (+1.26%). Crude oil and gasoline prices are trading sharply higher, with crude posting a 4-1/4 month high and gasoline posting a 5-month high. Signs of strength in Chinese crude...

Barchart

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Crude Prices Slip on Dollar Strength

April WTI crude oil (CLJ24 ) this morning is down -0.12 (-0.16%), and Apr RBOB gasoline (RBJ24 ) is up +0.50 (+0.18%). Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 5-3/4 month high. Today's rally in the dollar index to a 1-week high is...

Barchart

Huthis Fire At Ship Off Yemen As They Threaten Wider Campaign

A missile launched Friday by Yemen's Huthi rebels at a ship in the Red Sea caused no damage, after they threatened to expand their harassment campaign which has disrupted global trade.

International Business Times

Reports claim Yemen’s Houthis have hypersonic missile in their arsenal

Yemen's Houthi rebels claim to have a new hypersonic missile, potentially escalating attacks on shipping in the Red Sea.

The Hindu

Crude Prices Rally on IEA Forecast for 2024 Oil Deficit

April WTI crude oil (CLJ24 ) is up +1.32 (+1.66%), and Apr RBOB gasoline (RBJ24 ) is up +0.156 (+0.59%). Oil prices are trading higher on today's IEA's report, which said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts. Oil...

Barchart

Philippine Seafarers Return Home After Surviving Red Sea Attack

Philippine seafarers return home safely after surviving Houthi attack in the Red Sea. Government support and investigations ongoing.

Top News

U.S. Navy Repels Iranian-Backed Houthi Attack In Red Sea

Recent events in the Middle East highlight the U.S. Navy's successful defense against Houthi attacks in the Red Sea, underscoring the challenges of proxy w...

Top News

US-led Coalition Shoots Down 15 Yemen Rebel Drones: CENTCOM

The United States and its allies said they shot down 15 drones fired by Yemen's Huthis into the Red Sea and Gulf of Aden on Saturday, in one of the Iran-backed rebels' largest attacks.

International Business Times

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Al Jazeera

Could Houthi-sunk ship Rubymar spell eco-disaster for the Red Sea?

‘Time is of essence’: Greenpeace director warns that urgent strategy is needed to protect the Red Sea from catastrophe.

WEKU

Here are some of the guests who represent the themes of tonight's State of the Union

The guest list includes a woman whose sister was killed in the Uvalde shooting, the United Auto Workers president, and a naval officer who helped protect ships from Houthi attacks in the Red Sea.

Top News

Houthi Ballistic Missile Strike Kills Crew On Commercial Ship

Houthi rebels escalate attacks in the Red Sea, targeting ships and raising concerns over maritime security. International efforts focus on ensuring vessel ...

Al Jazeera

Why are people blaming Yemen’s Houthis for cutting the Red Sea cables?

Questions swirled after four cables were cut; some observers say it may be the Houthis, others say it was an accident.

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Evening Standard

US destroyer shoots down Houthi drones and missiles launched towards it

Houthi rebels have been targeting ships in the Red Sea since November

The Guardian - AU

Middle East crisis live: EU working on maritime humanitarian corridor to support people in Gaza – as it happened

European Commission president Ursula von der Leyen due to travel to Cyprus as bloc works to try to establish corridor through island

Top News

Commercial Ship Sunk By Houthi Rebels In Red Sea

Houthi rebels sink a commercial ship in the Red Sea, raising concerns about maritime safety in the region.

France 24

Cargo ship sunk by Houthi strike poses environmental risk, says US military

A fertilizer-laden cargo ship, which sank in the Gulf of Aden after it was damaged by missiles from Yemen's Houthi rebels, poses an environmental risk, the US military warned Saturday.

The Guardian - UK

Italian warship forced to shoot down Houthi missile in Red Sea

Destroyer Caio Duilio, part of the EU shipping protection force, took out weapon when it came within four miles of the vessel

Salon

Iran, Sudan and the war we didn't notice

A proxy war between Iran and the West unfolds in one of Africa's poorest countries — and there's no good outcome

Top News

Red Sea Environmental Risks Escalate After Cargo Ship Sinking

The sinking of the M/V Rubymar cargo ship in the Red Sea poses a significant threat to the region's delicate ecosystem and vital industries.

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