The Latest Breaking News from The Red Sea

Read about the latest attack by Yemen's Houthi rebels on a ship in the Bab el-Mandeb Strait, disrupting shipments in the Red Sea and Gulf of Aden.

March WTI crude oil (CLH24 ) on Friday closed up +0.62 (+0.81%), and Mar RBOB gasoline (RBH24 ) closed down -0.25 (-0.11%). Crude oil and gasoline prices Friday settled mixed, with crude posting a 1-1/2 week high. A weaker dollar Friday was supportive of energy prices. Also, Friday's rally in...

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea.

The article discusses the ongoing conflicts in Yemen and Israel as Iranian-backed Houthis continue to launch missiles in the Red Sea while US Secretary of ...

US military action has so far failed to halt attacks by Iran-backed groups on Washington's forces in the Middle East and shipping in the Red Sea, with the threats persisting despite recent heavy air strikes.

March WTI crude oil (CLH24 ) on Tuesday closed up +0.53 (+0.73%), and Mar RBOB gasoline (RBH24 ) closed up +0.81 (+0.37%). Crude oil and gasoline prices on Tuesday posted moderate gains. A weaker dollar Tuesday was supportive of energy prices. Also, ongoing geopolitical risks in the Middle East are...

Houthi Uncrewed Surface Vessels, a new threat to shipping in the Red Sea

A ship traveling through the Red Sea was attacked by a suspected Houthi rebel drone, adding to their campaign against vessels over Israel's war on Hamas.

Latest attacks on civilian ships demonstrate the Iran-backed group’s determination to continue its campaign.