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The Latest Breaking News from The Red Sea

Crude Prices Soar as Global Oil Supplies Continue to Tighten

October WTI crude oil (CLV26 ) is up +3.30 (+3.25%) on Monday, and October RBOB gasoline (RBV26 ) is up +0.1164 (+3.51%). Crude oil and gasoline prices are sharply higher today, with crude just below Monday’s 3.75-month high. Supply risks are underpinning crude oil prices as crude exports from the...

Barchart

Losing access to Bab el-Mandeb would be 'catastrophic for the entire world,' Qatar warns

The Houthi Red Sea coast offensive has placed another vital shipping route at risk as the Hormuz blockade disrupts trade and energy supplies. Qatar said closing the Red Sea gateway would worsen the crisis and has called for a diplomatic solution.

Euronews

Saudi seeks Israel’s help as Pakistan keeps troops out of Houthi conflict

Israel and Saudi Arabia have held talks mediated by the US Central Command aimed at helping Riyadh defend itself against Houthi attacks through intelligence assistance, as cited by The Jerusalem Post.

The Times of India

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Fuel shortage in Yemen hampers migrants fleeing conflict and seeking safety in Djibouti

A fuel shortage in Yemen is hampering the movement of people fleeing the country’s escalating fighting and seeking safety across the Red Sea in Djibouti

The Independent UK

Saudi pipeline hit by drones to be out of service for weeks, further restricting oil flow

A Saudi oil pipeline faces weeks of repairs after an attack, impacting global petroleum supplies. Houthi rebels captured key Red Sea islands, further threatening Saudi oil exports. This disruption forces the kingdom to shift crude oil away from the Persian Gulf. The pipeline's shutdown threatens extended periods of reduced oil…

The Economic Times

Houthis strike Saudi targets anew as talks over Strait of Hormuz stall

Iran-aligned Houthis launched fresh attacks on Saudi Arabia as their advances along Yemen’s Red Sea coast intensified pressure on Riyadh. Gulf states postponed talks with Iran, raising fears of wider regional conflict and oil supply disruptions. Saudi airstrikes continued, while Washington resisted direct military intervention. Crude prices rose amid heightened…

The Economic Times

Why Oil Could Keep Rising Toward $120 After a Weekend of Attacks in the Gulf

Oil surged past $108 after Saudi Arabia shut a key pipeline and a ship was struck near Hormuz. Here's what's driving the spike.

Latin Times

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Middle East Supply Constraints Lift Crude Oil Prices

October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten...

Barchart

Crude Prices Surge as Saudi Arabia Closes its East-West Pipeline

October WTI crude oil (CLV26 ) is up +3.30 (+3.30%) today, and October RBOB gasoline (RBV26 ) is up +0.0690 (+2.09%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten further after...

Barchart

Houthi rebels’ control of Red Sea oil chokepoint exposes deep divisions in Brics

Houthi rebel forces have seized the Yemeni port of Mokha as well as Mayyun Island overlooking the Bab el-Mandab strait. This gives Iran’s most powerful remaining proxy force in the Middle East nearly complete control of Yemen’s entire Red Sea coast.

The Conversation

Houthis and Saudi Arabia renew fighting, Iran denies any interference

Saudi Arabia launched dozens of airstrikes on western Yemen on Monday after Iran-backed Houthi rebels attacked military facilities in the kingdom. The renewed fighting around the Red Sea comes as the wider US-Iran war threatens vital shipping routes across the region.

France 24

Houthi drone attack: Saudi oil stocks could run dry soon if key pipeline remains shut

Saudi Arabia's oil exports face imminent disruption from drone attacks on a key pipeline. The kingdom has only a few days of oil stocks remaining for export. This shutdown threatens to remove a significant portion of global oil supply from markets. The east-west pipeline is crucial for bypassing the Strait…

The Times of India

Houthis advance in Yemen, attack Saudi Arabia as rebel forces near US base in Djibouti

Fighting intensified in Yemen on Sunday as government forces launched attacks against Iran-backed Houthi rebels along the Red Sea coast, while the Houthis claimed attacks on neighbouring Saudi Arabia, escalating fears of a return to a wider civil war.

The Times of India

Saudi pipeline outage threatens loss of 4% of global oil supply

Saudi Arabia's oil exports face a significant threat from pipeline damage. The kingdom has only a few days of oil stocks remaining for exports. This situation could lead to a substantial drop in global oil supply. The ongoing conflict in Yemen further complicates the already strained energy market. Global fuel…

The Economic Times

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The Economic Times

In 2019, Jordan sank a Lockheed L-1011 TriStar in waters up to 92 feet deep; three years later, its fuselage and wings sheltered corals, sponges, octopuses and pufferfish

An ex-airliner has been repurposed as a lively artificial reef in the Red Sea. As marine species have swiftly inhabited the sunken plane, a thriving ecosystem has formed. Corals and sponges cling to the aircraft's body, while various fish find refuge amid its framework. This underwater transformation highlights the importance…

The Economic Times

From isolated rebels to regional force: How the Houthis took Bab al-Mandab

Yemen's Houthis have seized the strategic Bab al-Mandab Strait, cementing their regional influence. This minority Zaidi community now controls Yemen's entire Red Sea coast. The group has fought numerous wars and formed alliances over decades. They are part of Iran's "Axis of Resistance" and target ships in the Red Sea.…

Euronews

Drones from Iraq attack and set pipeline on fire in Saudi Arabia

The East–West pipeline is crucial for shipping Saudi oil to the Red Sea, bypassing the Strait of Hormuz. This latest incident risks driving oil and fuel prices even higher.

France 24

Iran-backed Houthis seize near control of vital Bab el-Mandeb shipping lane

Yemen's Iran-aligned Houthi rebels captured the strategic Perim Island in the Bab el-Mandeb Strait, located at the southern entrance to the Red Sea, officials said on Friday. The lightning move opens a new front in the Iran war and threatens energy supplies, especially Saudi oil exports, from passing through one…

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The Independent UK

The Houthi advance in Yemen raises concerns about a key shipping choke point

Iran-backed Houthi rebels have captured the Red Sea port of Mokha and the strategic island of Mayun in Yemen

The Economic Times

Iran-backed Houthis seize Yemen’s entire Red Sea coast, three strategic islands

The Iran-backed Houthis seized control of Yemen's entire Red Sea coast and captured three strategic islands on Friday, in a lightning offensive that cemented their hold on a vital shipping corridor linking Europe and Asia. Before the Red Sea offensive, the Houthis already controlled a large part of Yemen's north.

The Economic Times

New problem shaping up for the oil market as Hormuz remains shut

Houthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of Hormuz faces severe disruptions, impacting global oil flows. Saudi Arabia increasingly relies on the Red Sea route, which is now at risk from these advances. Higher oil and diesel…

International Business Times

Iran-Backed Houthi Rebels Make Further Gains In Yemen, Reach Key Island In The Red Sea

The group reached the island of Perim in the Bab el-Mandeb Strait, a breakthrough that could help the group tighten its grip on the key shipping lane.

The Times of India

Houthis' coastal offensive puts Bab el-Mandeb in crosshairs; why the strait matters

In a strategic move, Houthi forces have seized the port city of Mocha and are pushing further south towards the crucial Bab el-Mandeb Strait. This escalation shifts their tactics toward controlling Yemen's Red Sea coast, a vital route for global maritime trade connecting Asia with Europe. As tensions rise, the…

The Times of India

US sends military advisors to help Saudi Arabia fight Iran-backed Houthis: Report

The assistance is being provided as the Houthis expand their operations along Yemen’s Red Sea coast. Military sources said the group seized the port city of Mocha on Thursday and moved towards strategic islands, including Hanish. Yemeni government military sources said the advances had given the Houthis greater leverage over…

Latin Times

Houthi Fighters Seize Yemen's Mocha Port, Reviving Fears of a Global Oil "Double Chokepoint"

Houthi fighters captured the Red Sea port of Mocha on Sept. 10, edging toward the Bab el-Mandeb Strait as Brent crude neared $100 a barrel and U.S. gas prices climbed past $4.14 a gallon.

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