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The Latest Breaking News from The Red Sea

Creation of Palestinian state is only way to peace, EU foreign policy chief says – as it happened

Josep Borrell wants European-Arab initiative to revive a peace process, with the ultimate aim being a two-state solution

The Guardian - AU

As Middle East crisis grows, does Iran have control of its proxy forces?

Chances of a regional flare-up rest on the unclear intentions of Tehran and the groups it has nurtured

The Guardian - UK

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

Barchart

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Global Maritime Trade Sails Into Geopolitical Storm

International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge.

International Business Times

Crude Prices Climb on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) this morning is up +1.82 (+2.52%), and Feb RBOB gasoline (RBG24 ) is up +1.40 (+0.66%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-week high. A reversal in the dollar today boosted energy prices after the dollar...

Barchart

Shipping giant Maersk to avoid Red Sea routes for ‘foreseeable future’

Due to ‘volatile’ situation amid Houthi attacks, ships will go around Africa, increasing journey times and costs.

Al Jazeera

Maersk Says To Avoid Red Sea For Foreseeable Future

Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships.

International Business Times

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London shipbroker Clarkson ups profit forecasts

Piracy in the Red Sea is lifting demand in the industry as vessels take longer routes to avoid the area

Evening Standard

Israel-Hamas Conflict: Iraq Moves To 'Permanently' End US-Led Mission; Islamic State Claims Iran Attacks

On Day 91 of the Israel-Hamas war, there is growing concern over a potential regional spillover following three days of escalated tensions due to explosions in Iran, the assassination of a Hamas senior leader in Beirut, Houthi disruptions in the Red Sea and the killing of a pro-Iranian Iraqi militia's…

International Business Times

Crude Prices Fall as Weak Demand Boosts Weekly EIA Product Inventories

February WTI crude oil (CLG24 ) on Thursday closed down -0.51 (-0.70%), and Feb RBOB gasoline (RBG24 ) closed down -4.80 (-2.22%). Crude oil and gasoline prices Thursday gave up an early advance and turned lower weekly inventories of crude products unexpectedly rose in Thursday's weekly EIA report, a sign...

Barchart

Blinken heads to the Mideast again as fears of regional conflict surge

Secretary of State Antony Blinken heads to the Middle East this weekend for the fourth time since the Israel-Hamas war erupted in October as once-abated fears about a regional conflagration are surging with attacks and assassinations in the Red Sea, Lebanon, Iran and Iraq

The Independent UK

Crude Prices Fall on an Unexpected Build in Weekly Product Inventories

February WTI crude oil (CLG24 ) this morning is down -1.51 (-2.08%), and Feb RBOB gasoline (RBG24 ) is down -6.96 (-3.23%). Crude oil and gasoline prices this morning gave up an early advance and turned lower after an unexpected build in crude products in today's weekly EIA report, a...

Barchart

Lord Cameron warns Iran-backed Houthi rebels Britain will 'act' to stop Red Sea missile attacks on ships

America, the UK and other allies have sent what amounts to a final warning to Iran-backed Houthi rebels to end their attacks on vessels in the Red Sea or face potential targeted military action

Evening Standard

French shipping company denies attack by Yemeni Houthis in Red Sea

The French shipping company CMA CGM said one of its container ships in the Red Sea was unharmed after Yemen’s Houthis claimed on Wednesday to have targeted it, as part of its ongoing attack of commercial shipping vessels it considers to be doing business with Israel.

Radio France Internationale

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Latin Times

US, Allies Warn Houthis As Ship Attacks Rattle Global Commerce

Twelve nations led by the United States on Wednesday jointly warned Yemen's Houthi rebels of unspecified consequences unless they halt sea attacks that are increasingly disrupting global commerce.

The Independent UK

US calls for urgent UN action on attacks by Yemen's Houthi rebels on ships in the Red Sea

The United States is calling on the U.N. Security Council to take urgent action against Yemen’s Houthi rebels for attacking ships in the key Red Sea trade route, and is warning their longtime financier and weapons supplier Iran that it has a choice

The Independent UK

US warns Houthis to cease attacks on Red Sea vessels or face potential military action

The United States and 12 allies has given what amounts to a final warning to Houthi rebels, telling the militants to cease their attacks on vessels in the Red Sea or face potential targeted military action

International Business Times

US, Allies Warn Huthis As Ship Attacks Rattle Global Commerce

Twelve nations led by the United States on Wednesday jointly warned Yemen's Huthi rebels of unspecified consequences unless they halt sea attacks that are increasingly disrupting global commerce.

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Top News

Fear and Chaos Grip Middle East as Conflict Escalates Rapidly

From Iran to Lebanon to the Red Sea and Gaza, chaos unfolds. Death toll rises, tensions escalate. Discover the intertwining paths of conflict in the Middle...

AAP

Australia, US, UK issue warning over Red Sea attacks

In a multi-national statement, Australia has condemned Yemeni rebels' attacks on ships in the Red Sea as violence in Gaza stretches toward its fourth month.

Fortune

Stocks are suffering from a New Year’s ‘hangover’ for 3 reasons, Capital Economics says

After a bullish 2023 and a big holiday season, the market is shaking off a few jitters in early January. A bit too much exuberance?

Barchart

Crude Oil Prices Close Sharply Higher on Global Supply Disruptions

February WTI crude oil (CLG24 ) on Wednesday closed up +2.32 (+3.30%), and Feb RBOB gasoline (RBG24 ) closed up +6.32 (+3.02%). Crude oil and gasoline prices recovered from early losses Wednesday and rallied sharply on supply disruptions in Libya and increased tensions in the Middle East. Crude prices Wednesday...

Evening Standard

UK warns Houthi rebels to end attacks on Red Sea container ships immediately

The British Government and 11 other countries have issued a final warning to the militants to cease hostilities in the important maritime trade route.

The Guardian - UK

The Guardian view on escalation in the Middle East: the danger of a regional war is growing

Editorial: The assassination of a Hamas leader in Beirut and Houthi attacks on ships in the Red Sea increase the risks

The Guardian - UK

What is the Red Sea crisis, and what does it mean for global trade?

Attacks by Houthi rebels along the trade route have led to firms pausing shipments, raising the possibility of a shock to the world economy

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