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The Latest Breaking News from The Red Sea

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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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.

Latin Times

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

The Independent UK

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.

International Business Times

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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...

Top News

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.

AAP

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?

Fortune

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...

Barchart

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.

Evening Standard

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

The Guardian - UK

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Barchart

Crude Oil Prices Jump on Global Supply Disruptions

February WTI crude oil (CLG24 ) this morning is up +2.03 (+2.88%), and Feb RBOB gasoline (RBG24 ) is up +5.71 (+2.73%). Crude oil and gasoline prices this morning recovered from early losses and rallied sharply on supply disruptions in Libya and increased tensions in the Middle East. Crude prices...

Top News

Red Sea attacks escalate, disrupt global trade and raise inflation fears

Yemen's Houthi rebels continue attacks on merchant ships in the Red Sea, raising concerns of disruption to global trade and potential economic repercussions.

Top News

Tensions escalate as Hamas leader killed, Iran naval destroyer deployed

Tensions rise in the Middle East as a top Hamas leader is killed in Beirut, Iran sends a naval destroyer to the Red Sea, and Russia launches multiple missi...

Top News

Iranian Ship Threatens Shipping in Red Sea, Companies Pulling Back

Discover the impact of Iranian vessels in the Red Sea and how it affects shipping companies and prices. Explore the need for action and the complexities su...

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France 24

Somalia condemns Ethiopia-Somaliland coastline deal

Somalia vows to defend its territorial integrity after a destabilising deal that's seen breakaway Somaliland gain Ethiopia's recognition in exchange for access to the Red Sea. Also, preparations are underway in Ivory Coast's capital Yamoussoukro for the Africa Cup of Nations. Finally, we look at traditional Nigerien wrestling as we…

Barchart

Crude Closes Lower on Global Energy Demand Concerns

February WTI crude oil (CLG24 ) on Tuesday closed down -1.27 (-1.77%), and Feb RBOB gasoline (RBG24 ) closed down -1.14 (-0.54%). Crude oil and gasoline prices on Tuesday gave up an early advance and turned lower, with crude falling to a 3-week low. Tuesday's rally in the dollar index...

Top News

Israeli Strikes on Hamas Leadership Fuel Escalation and Regional Tensions

Tensions rise as Iran deploys a vessel in the Red Sea while Israel targets Hamas leaders in Lebanon. Will this spark a wider and more intense war in the Mi...

Barchart

Crude Gives Up Early Gains on Global Energy Demand Concerns

February WTI crude oil (CLG24) this morning is down -0.92 (-1.28%), and Feb RBOB gasoline (RBG24) is down -0.93 (-0.44%). Crude oil and gasoline prices this morning gave up an early advance and turned lower, with crude falling to a 3-week low. Today's rally in the dollar index to a...

Barchart

Stocks Under Pressure as Technology Stocks Stumble

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.75%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.77%. Stocks this morning are lower, with the S&P 500...

Top News

Iranian vessel deployed in Red Sea, raising tensions and hindering maneuvering

Dive into the intriguing deployment of an Iranian naval vessel in the Red Sea and its implications on the region's tensions in this captivating analysis by...

Top News

Iranian Navy deploys warship to Red Sea amid rising tensions

Get the lowdown on the Iranian Navy's deployment in the Red Sea as tensions rise in the Middle East. Is it a show of force or just routine business?

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