The Latest Breaking News from The Red Sea

Vessel bound for Turkey from Iraq was once at the centre of a crisis between Iran and the United States.

Resolution calling for cessation of attacks on shipping vessels by Yemen’s Houthis adopted despite abstentions from Russia and China

The United Nations raised the alarm on Wednesday over increasing attacks on shipping in the Red Sea, blamed by Western countries on Houthi rebels, and the risk of escalation in the region.

February WTI crude oil (CLG24 ) on Wednesday closed down -0.87 (-1.20%), and Feb RBOB gasoline (RBG24 ) closed down -0.95 (-0.46%). Crude oil and gasoline prices Wednesday erased an early rally and closed moderately lower. Crude prices retreated after weekly EIA crude inventories unexpectedly rose, and gasoline and distillate...

Escalating tensions in the Red Sea as US defends against Iranian-backed militants. Coordinated attacks and escalating conflicts keep the region on high alert.

Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.

February WTI crude oil (CLG24 ) this morning is up +0.14 (+0.19%), and Feb RBOB gasoline (RBG24 ) is up +0.77 (+0.37%). Crude oil and gasoline prices this morning are modestly higher. Crude prices rose after Houthi rebels carried out one of their largest missile and drone attacks on commercial...

The Kerala Exporters’ Forum has asked the Central government to immediately constitute a regulatory authority to control export freight charges that have escalated due to the Red Sea crisis.

US and UK militaries have launched strikes on Yemen-based militant group which has been targeting commercial vessels and warships in the Red Sea