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THE TRUTH ABOUT: 31 | History Defined

Yemen's Houthi Rebels Sink Ship In Red Sea

The sinking of the Rubymar ship by Houthi rebels in the Red Sea impacts global shipping and raises maritime security concerns.

UK ship attacked by Houthi rebels sinks in the Red Sea, says Yemen

The Rubymar is the first vessel to be fully destroyed as part of the Houthis' campaign over Israel's war against Hamas in Gaza

Evening Standard · Mar 2, 2024

Crude Prices Supported by Geopolitical Risks and Tighter Supplies

April WTI crude oil (CLJ24 ) on Friday closed up +1.71 (+2.19%), and Apr RBOB gasoline (RBJ24 ) closed up +3.34 (+1.29%). Crude oil and gasoline prices on Friday closed moderately higher, with crude posting a 3-3/4 month high and gasoline posting a 5-1/2 month high. A weaker dollar on...

Barchart · Mar 1, 2024

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OPINION - The Houthis could inspire a new wave of piracy — and the English Channel makes us uniquely vulnerable

“Well, we didn’t see that one coming — the Houthis took us all by surprise,” a distinguished former security official muttered to me this week. In just under four months the Houthis have attacked 57 vessels in and around the Red Sea. They have disrupted waterways carrying 15 per cent…

Evening Standard · Mar 1, 2024

Crude Rallies Above $80 per Barrel on Tight Supplies and Geopolitical Risks

April WTI crude oil (CLJ24 ) this morning is up +2.26 (+2.89%), and Apr RBOB gasoline (RBJ24 ) is up +4.86 (+1.88%). Crude oil and gasoline prices this morning are sharply higher, with crude climbing to a 3-3/4 month high and gasoline soaring to a 5-1/2 month high. A weaker...

Barchart · Mar 1, 2024

US Conducts Self-Defense Strikes Against Houthi Missiles In Red Sea

U.S. conducts self-defense strikes against Houthi anti-ship missiles in the Red Sea, highlighting ongoing security challenges.

Can US strikes on Yemen’s Houthis be justified as ‘self-defence’?

A US senator says such a claim is ‘laughable’ and calls on Biden to seek permission for strikes from Congress.

Al Jazeera · Mar 1, 2024

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Crude Prices Slip as Weak U.S. Economic News Weighs on Energy Demand Prospects

April WTI crude oil (CLJ24 ) on Thursday closed down -0.28 (-0.36%), and Apr RBOB gasoline (RBJ24 ) closed up +2.98 (+1.17%). Crude oil and gasoline prices on Thursday settled mixed. Crude prices gave up an early advance Thursday and turned lower as the dollar strengthened and weaker-than-expected U.S. economic...

Barchart · Feb 29, 2024

Crude Supported on Expectations OPEC+ Will Extend Crude Production Cuts

April WTI crude oil (CLJ24 ) this morning is up +0.19 (+0.24%), and Apr RBOB gasoline (RBJ24 ) is up +1.86 (+0.73%). Crude oil and gasoline prices this morning are moderately higher. Expectations that OPEC+ next week will extend its roughly 2 million bpd of crude production cuts beyond March...

Barchart · Feb 29, 2024

Vietnam's Feb Exports And Factory Output Decline, Red Sea Impact Limited

Vietnam's economy experienced a decline in exports and factory output in February, but showed resilience against external challenges.

Australia to up its response for Red Sea stability

Australia is sending additional defence personnel to support operations to ensure free navigation in the Red Sea as Houthi rebels continue their attacks.

AAP · Feb 28, 2024

Houthi Rebels Launch Rocket Attack In Red Sea

Recent Houthi attacks in the Red Sea raise concerns over maritime security and environmental hazards. Ongoing conflict between Houthis and Saudi-led coalit...

Houthis deny targeting underwater cables amid marine disaster warning

Yemeni government warns of Red Sea environmental disaster after cargo ship struck by rebels last week

The Guardian - US · Feb 28, 2024

Middle East crisis: Hamas ‘showing flexibility’ in negotiations with Israel but ‘prepared to continue fighting’ – as it happened

The two sides have been negotiating a deal that would reportedly see a six week pause in fighting and the release of hostages

The Guardian - AU · Feb 28, 2024

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Barchart · Feb 27, 2024

1 Pure-Play Tanker Stock to Profit from Red Sea Shipping Diversions

This top oil tanker stock looks well-positioned to profit from the geopolitical disruptions and favorable demand dynamics that should benefit fuel transport companies this year.

Barchart · Feb 27, 2024

Crude Prices Gain on Geopolitical Risks

April WTI crude oil (CLJ24 ) on Tuesday closed up +1.29 (+1.66%), and Apr RBOB gasoline (RBJ24 ) closed up +3.72 (+1.45%). On Tuesday, crude oil and gasoline prices climbed to 2-week highs and closed moderately higher. Geopolitical risks are underpinning crude prices with the ongoing Israeli-Hamas war and continued...

Barchart · Feb 27, 2024

Crude Prices Underpinned by Geopolitical Risks

April WTI crude oil (CLJ24 ) this morning is up +0.86 (+1.11%), and Apr RBOB gasoline (RBJ24 ) is up +2.63 (+1.03%). Crude oil and gasoline prices this morning are moderately higher, with gasoline posting a 1-week high. A weaker dollar today is supportive of energy prices. Also, geopolitical risks...

Al Jazeera · Feb 27, 2024

UK-Houthi conflict stirs fears of escalation among Britain’s Yemenis

Some back the Houthis’ attempt to take on the West and Israel over Gaza. Many also worry about a sharper escalation.

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International Business Times · Feb 27, 2024

Middle East Conflict: Iran Reportedly Pledges To Double Houthi Weapons Support, Including 'Submarines'

It's Day 144 of the Israel-Hamas war, and a new ceasefire deal may be closer than it has ever been in the past week. However, tensions in the Middle East remain at a vexatious high as Iranian-backed groups run amok in the Israel-Lebanon border and waters around the Red Sea.

The Guardian - UK · Feb 27, 2024

UK grocery price inflation falls to two-year low amid supermarket price war

Competition helped offset impact of Red Sea shipping crisis in February, says analyst Kantar

Al Jazeera · Feb 27, 2024

US claims ‘preemptive’ strikes against Houthi targets in Yemen

Military says it destroyed vessels and missiles in Houthi-controlled areas of Yemen that were aimed at the Red Sea.

Greece Approves Military Participation In EU Red Sea Mission

Greece's approval to join EU mission in Red Sea to prevent arms smuggling to Gaza amidst regional tensions.

Al Jazeera · Feb 26, 2024

Half of UK exporters say Houthi attacks in Red Sea disrupting business

The British Chambers of Commerce says 55 percent of exporters report higher shipping costs and delays.

Houthis Disrupt Suez Canal, US Credibility Questioned

Rising maritime security threats in the Red Sea region require a paradigm shift in defense strategies to safeguard global interests.

Al Jazeera · Feb 25, 2024

US, UK bomb Houthi sites in Yemen amid surge in Red Sea ship attacks

US and UK forces hit 18 Houthi targets, including underground weapons and missile storage facilities, officials say.

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