The Latest Breaking News from The Red Sea

The US military carried out another round of strikes against Yemen's Huthi rebels on Friday, targeting missile launchers that were preparing for attacks on shipping in the Red Sea, the White House said.

February WTI crude oil (CLG24 ) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24 ) closed down -2.07 (-0.95%). Crude oil and gasoline prices on Friday settled moderately lower. Expectations that global oil supplies will remain adequate despite geopolitical risks in the Middle East are weighing on...

February WTI crude oil (CLG24 ) on Thursday closed up +1.52 (+2.09%), and Feb RBOB gasoline (RBG24 ) closed up +4.81 (+2.25%). Crude oil and gasoline prices Thursday closed sharply higher. Thursday's better-than-expected U.S. economic news was positive for energy demand and crude prices. Also, heightened geopolitical risks in the...

"Are they stopping the Houthis? No. Are they gonna continue? Yes," Biden told reporters

The United States launched fresh strikes against Yemen's Houthis Thursday and President Joe Biden signaled they would keep going until the Iranian-backed rebels stop targeting ships in the Red Sea.

President Joe Biden said Thursday that US and British military strikes against Yemen's Huthis would continue, because the Iran-backed rebels were still attacking shipping in the Red Sea.

Abdul-Malik al-Houthi claims US strikes on Yemen have improved his army in hour-long address on Arabic media channels

Experts say that Biden’s re-designation of the Houthis as a terrorist group is unlikely to curb Red Sea attacks.

Their attacks on Red Sea ships have brought them global attention. But within Yemen, the Houthis aren’t the force.