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Red Sea
US held secret talks with Houthis in Oman after Red Sea seizure
American officials held a previously undisclosed meeting with representatives of Yemen's Houthi movement at the U.S. Embassy in Muscat, Oman, on Sunday, days after the Iran-backed militia seized effective control of Yemen's entire Red Sea coastline, Reuters reported Wednesday, citing…
Cosco and OOCL begin Red Sea transits in broadening Suez Canal return
Chinese carriers Cosco Shipping and subsidiary Orient Overseas Container Line (OOCL) began resuming Red Sea transits on Tuesday, joining Ocean Alliance partner CMA CGM in a broadening industry return to the Suez Canal that is reshaping container shipping nearly three…
Maersk, Hapag-Lloyd shift four more services to Suez Canal
Maersk A.P. Møller - Mærsk A/S announced on Monday that four more of its joint container services with Hapag-Lloyd will resume sailing through the Suez Canal, shifting away from the longer route around the Cape of Good Hope. The move…
Houthis claim strike on Saudi air base, seize Red Sea islands
Yemen's Houthi rebels claimed on Monday to have launched dozens of ballistic missiles and drones at King Khalid Air Base in Khamis Mushait, southern Saudi Arabia, while simultaneously expanding their territorial grip over strategic islands in the southern Red Sea…
Trump declines Saudi request for US strikes on Houthis as Red Sea crisis deepens
Saudi Crown Prince Mohammed bin Salman called President Trump twice on Thursday, urging him to order American military strikes against the Houthis as the Iran-backed group seized a strategic Red Sea port city — but the president declined both times,…
Saudi Aramco shuttles oil north to evade Houthi blockade
Saudi Aramco is deploying a fleet of tankers to shuttle crude oil northward through the Red Sea, circumventing Houthi militant attacks that have targeted the kingdom's exports through the Bab el-Mandeb chokepoint in the south.
Red Sea and Hormuz disruptions create ‘double whammy’ for global shippers
The world's two most critical maritime chokepoints — the Red Sea and the Strait of Hormuz — are simultaneously compromised, creating compounding disruptions that have eliminated the fallback options global shippers once relied upon. The convergence marks an unprecedented period…
Houthis claim missile strike on Saudi vessel in Red Sea
Yemen's Iran-aligned Houthi militants said on Monday they struck a Saudi military ship and four escort vessels in the Red Sea with ballistic missiles, according to the group's military spokesperson Yahya Saree, who posted the claim on Telegram. The Houthis…
Asian refiners balk at loading Saudi crude from Red Sea amid Houthi attacks
Some Asian refiners are pushing back against Saudi Aramco's request to collect September crude oil cargoes from the Red Sea port of Yanbu, as escalating Houthi attacks make it increasingly difficult to find ships willing to transit the dangerous waterway,…
Houthi missile strike kills four on cargo ship in Red Sea
Four crew members were killed on Tuesday after Yemen's Iran-backed Houthi rebels fired three ballistic missiles at a commercial vessel carrying food supplies in the Bab el-Mandeb Strait, marking the first confirmed fatal strike on shipping since the current phase…
Houthis claim missile strikes on two Saudi tankers
Yemen's Houthi forces claimed on Wednesday that they launched ballistic missile attacks on two Saudi oil tankers, one off the Red Sea port of Yanbu and another in the Gulf of Aden, while a separate drone strike on a Saudi…
Houthis claim missile strike on Saudi tanker off Yanbu
Yemen's Iran-backed Houthi movement claimed Wednesday that it struck the Saudi oil tanker Wafa with ballistic missiles in the northern Red Sea off the coast of Yanbu, marking the eighth vessel targeted since the group declared a maritime blockade of…
Houthis deny plans to charge ships for Red Sea passage
Yemen's Houthi-run maritime coordination body on Saturday denied reports that it planned to impose fees on commercial ships transiting the Bab el-Mandeb strait, saying no such decision had been taken and that passage through the strategic waterway remained free.
Saudi Arabia launches 14-nation maritime coalition to guard Red Sea shipping
Saudi Arabia on Thursday announced the formation of a multinational maritime defense alliance with 13 other nations to protect shipping in the Red Sea and the Bab al-Mandab Strait from escalating Houthi attacks. The announcement follows a July 20 declaration…
Houthis consider charging transit fees on Red Sea ships
Yemen's Houthi movement is considering imposing fees on commercial ships sailing through the Bab el-Mandeb Strait, a week after declaring a naval blockade on Saudi Arabia, according to Reuters reporting on July 29.
Aramco weighs new pricing for Asia crude amid Houthi blockade
Saudi Aramco is considering a new pricing mechanism for crude oil loaded from Egypt's Mediterranean port of Sidi Kerir and destined for Asian buyers, as rerouted exports face sharply higher shipping costs following a Houthi naval blockade on Red Sea…
Red Sea shipping hits months-long low after Houthi attacks
Shipping traffic through the Bab el-Mandeb Strait dropped to just 11 commodity vessels on Sunday, the lowest level in months, after Yemen's Houthi forces attacked Saudi oil installations along the Red Sea coast, according to data from maritime analytics firm…
Oil retreats after Houthis rule out full Red Sea closure
Brent crude surged above $100 a barrel on July 23 for the first time in two months after Iran-backed Houthi militants attacked two Saudi oil tankers in the Red Sea, opening a new front in the broader Middle East conflict…
Insurers pull Red Sea war cover for Saudi-linked ships
Yemen's Houthi movement has thrown global shipping into disarray after declaring a naval blockade against Saudi Arabia and attacking two Saudi oil tankers, prompting marine insurers to restrict war-risk coverage and sending oil prices above $100 a barrel.
Houthis vow retaliation after Saudi strikes hit Hodeidah
The Saudi-led coalition launched airstrikes against Houthi military positions in Yemen's Hodeidah governorate on Friday, escalating a confrontation that began earlier in the week when Houthi forces attacked two Saudi oil tankers in the Red Sea. The strikes mark a…
Physical crude prices near $110 as Red Sea, Hormuz disruptions intensify
Physical crude oil prices across the Middle East, Europe, and Africa surged to two-month highs this week, with some cargoes nearing $110 a barrel, as renewed attacks in the Red Sea and continued blockades of the Strait of Hormuz left…
First Chinese tanker diverts as Houthi blockade roils Red Sea shipping
A Hong Kong-flagged supertanker, New Champion, became the latest vessel to reverse course before reaching the Bab el-Mandeb chokepoint this week, as Yemen's Houthi rebels enforce a declared naval blockade against Saudi Arabia that has upended shipping patterns across the…
Houthi attacks on Saudi tankers drive Asian LNG prices to four-month high
Asian spot liquefied natural gas prices surged for a fifth consecutive week as Houthi attacks on Saudi oil tankers in the Red Sea extended Middle East disruptions to a second major shipping chokepoint, compounding months of turmoil around the Strait…
Record bond fund outflows as oil tops $100 on Red Sea attacks
Brent crude surged back above $100 a barrel this week after Iran-aligned Houthi militants attacked two Saudi oil tankers in the Red Sea, triggering a global bond market selloff that has pushed yields across major economies to levels not seen…
Brent crude retreats after briefly topping $100 a barrel
Brent crude fell sharply on Friday after briefly breaching $100 per barrel the previous session for the first time since May, as concerns over weakening Chinese demand and the prospect of additional OPEC+ supply increases outweighed geopolitical supply risks stemming…
Brent crude hits $100 as Houthis strike Saudi tankers in Red Sea
Global oil prices surged toward $100 per barrel on Thursday as Yemen's Houthi militia struck two Saudi oil tankers in the Red Sea, compounding supply fears already stoked by the ongoing U.S.-Iran conflict and the near-closure of the Strait of…
Oil surges to six-week high as tankers reroute after Houthi blockade of Saudi Arabia
Oil prices surged to their highest level in nearly six weeks on Wednesday, July 22, with Brent crude briefly topping $95 a barrel as escalating U.S.-Iran hostilities and a new Houthi blockade of Saudi Arabia threatened two of the world's…
Houthis strike two Saudi oil tankers in Red Sea blockade’s first enforcement
Yemen's Houthi movement attacked two Saudi oil tankers in the Red Sea on Wednesday, marking the first enforcement of the group's declared maritime blockade against Saudi Arabia and escalating a conflict that has already choked two of the world's most…
Trump warns U.S. will ‘take care of’ Houthi Red Sea blockade threat
President Donald Trump on Tuesday dismissed the prospect of immediate negotiations with Iran, claiming Tehran is "desperate" for dialogue, even as the U.S. continued strikes on Iranian targets and the Iran-backed Houthi movement in Yemen threatened to choke a vital…
Houthis strike two ships after banning Israeli Red Sea navigation
Yemen's Houthi forces declared a "complete and total ban" on Israeli maritime navigation in the Red Sea on Monday, June 8, backing the announcement with missile strikes on two commercial vessels in the Gulf of Aden within hours. The escalation…