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The Latest Breaking News from The Red Sea

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...

Barchart

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.

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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...

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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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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…

France 24

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...

Barchart

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...

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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...

Barchart

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...

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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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Escalation in the Red Sea

Plus: Inheritance taxes, lady gadgets, a stabbing in South Korea, and more...

Reason

Markets Today: Stocks Retreat as Bond Yields Climb and Tech Stocks Fall

Morning Markets March E-Mini S&P 500 futures (ES H24) are down -0.79%, and March Nasdaq 100 E-Mini futures (NQH2 4) are down -1.10%, both at 1-week lows. Stock index futures this morning are falling due to weakness in technology stocks. Apple is down more than -2% in pre-market trading after...

Barchart

Six things to watch in 2024 global economy, from tax cuts to AI

The Israel-Hamas war could broaden, and many developing countries are on a path to crisis

The Guardian - UK

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Radio France Internationale

Somalia recalls envoy in anger over Ethiopia-Somaliland port deal

Somalia has recalled its ambassador to Ethiopia and vowed to defend its territory after the breakaway region of Somaliland struck a controversial deal allowing Ethiopia access to the Red Sea.

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Iranian Provocation in Red Sea Threatens Global Trade, Security Forces Deployed

Discover the latest escalation in the Red Sea as Iran continues to provoke with attacks on commercial vessels. Will retaliation ensue? Stay alert!

The Guardian - UK

Oil prices rise after Iran rejects calls to end support for Houthi Red Sea attacks

Brent crude is up 2% to $78.77 a barrel as hopes of strong demand in China also push up prices

The Guardian - UK

Israel-Gaza war: will the Red Sea crisis lead to a wider Middle East conflict?

Escalating Houthi attacks on cargo ships in the Red Sea are stoking fears that the Gaza conflict could engulf the Middle East

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Crisis in Red Sea as Iranian warship heightens tensions

Discover the latest development in the Red Sea conflict as an Iranian warship's arrival raises tensions. Can the international maritime mission bring stabi...

International Business Times

Somalia To Hold Emergency Meeting On Somaliland-Ethiopia Deal

Somalia will hold an emergency cabinet meeting on Tuesday, state media said, after the breakaway region of Somaliland struck a controversial deal with Ethiopia giving Addis Ababa access to the Red Sea.

The Guardian - UK

Tuesday briefing: Will the Red Sea crisis lead to a wider Middle East conflict?

In today’s newsletter: After events during the last few days, a conflict including Iran and the US is becoming ever more likely

International Business Times

Israel-Hamas Conflict: Israeli Army Strikes Syrian Military Assets; Houthis Attack US Warship

On Day 88 of the Israel-Hamas war, Houthis targeted a U.S. warship in the Red Sea as Israel responds to attacks by Hezbollah and launches from Syrian territory.

International Business Times

Israel's Hamas Attack Survivors Find Solace Underwater

Deep under the Red Sea, a passing Israeli warship could barely be heard as Yamit Avital held her breath and dived, her mind briefly cleared of the trauma of the October 7 Hamas attacks.

Top News

Maersk suspends Red Sea operations following Houthi attack

Discover the latest incident in the ongoing conflict between Houthis and the US in the Red Sea. Find out how it impacts shipping and escalates tensions.

The Hindu

Widening war: On the Gaza war going beyond Israel-Palestine

The U.S.’s attempt to deal with the Houthi threats as a stand-alone security crisis might run into its own limitations

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