The Latest Breaking News from The Red Sea

February WTI crude oil (CLG24 ) on Friday closed up +0.66 (+0.92%), and Feb RBOB gasoline (RBG24 ) closed up +0.60 (+0.28%). Crude oil and gasoline prices Friday climbed to 2-week highs and settled moderately higher. Crude prices rose on an escalation of geopolitical risks in the Middle East after...

The U.S.- and U.K.-led strikes on the rebel Houthi group in Yemen represent a dramatic new turn in the Middle East conflict – one that could have implications throughout the region.

February WTI crude oil (CLG24 ) this morning is up +1.10 (+1.53%), and Feb RBOB gasoline (RBG24 ) is up +1.83 (+0.87%). Crude oil and gasoline prices this morning rallied to 2-week highs on an escalation of geopolitical risks in the Middle East after the U.S. and its allies launched...

FROM the start of the conflict in Israel-Gaza, Western governments have hoped that the crisis would be contained rather than becoming a wider, regional war. And now that fear seems to have been realised: the US and UK air strikes on Houthi bases in Yemen last night are a response…

The conflicts in the Red Sea and attacks on transport vessels are starting to take effect on the European economy, which sources components from Asia.

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Experts warn of economic impact of sustained shipping attacks and Middle East tensions

The U.S. and U.K. strike Houthi targets in Yemen. Israel presents its defense to genocide charges in the International Court of Justice in the Hague.

Major General Patrick Ryder, press secretary for the DOD, provides updates on the recent strikes on Houthi targets in the Red Sea and discusses the need fo...