The Latest Breaking News from The Red Sea

The United States on Monday announced a 10-nation coalition to quell Houthi missile and drone attacks on ships transiting the Red Sea, with Britain, France, Bahrain and Italy among countries joining the "multinational security initiative."

US Defense Secretary Lloyd Austin says coalition will include Bahrain, Canada, France, Italy, UK and other countries.

Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region

Retired U.S. Army Major General, James Spider Marks, discusses escalating conflict in the Red Sea, citing the strategic threats by Iranian-backed Houthi at...

It's Day 74 of the Israel-Hamas conflict, and tensions continue to escalate near Israel's border with Lebanon, even as Israeli troops sweep through the Gaza Strip to eliminate Hamas. Over in the Red Sea, a U.S.-backed expanded maritime protection force has been announced amid continuing Houthi attacks targeting commercial vessels.

The US and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen, Defense Secretary Lloyd Austin announced early Tuesday in Bahrain.

The United States on Monday announced a 10-nation coalition to quell Huthi missile and drone attacks on ships transiting the Red Sea, with Britain, France, Bahrain and Italy among countries joining the "multinational security initiative."

On Monday, British oil giant BP and Taiwan's Evergreen became the latest companies to suspend transit in the Red Sea amid drone and missile attacks by Houthi rebels from Yemen. The firms join several of the world's biggest freight companies in avoiding the waterway, though which 12 percent of global…

The U.S. and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen

January WTI crude oil (CLF24 ) on Monday closed up +1.04 (+1.46%), and Jan RBOB gasoline (RBF24 ) closed up +2.20 (+1.03%). Crude oil and gasoline prices Monday climbed to 2-week highs and closed moderately higher. The main bullish factor for crude oil Monday is geopolitical risks after several major...

US, UK and other allied ships will seek to shoot down missiles and drones fired at commercial vessels in the Red Sea