The attack on ships in the Red Sea threatened to expand the conflict and severely impact global oil supplies already hobbled by the blockade of the Strait of Hormuz.

Houthi rebels block Saudi shipping in the Red Sea. Targeting shipping by July 31 at 49.5% YES; by August 31 at 62.5% YES.

A successful effort to shut the Bab el-Mandeb Strait would strike at one of the world’s most important oil shipping routes

Houthi threats, Iranian strikes and a Hormuz standstill send oil surging as the US-Iran conflict enters its 10th day.

Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions.

Shipping disruptions are emerging in key Middle East oil transit routes. Concerns are rising as vessels alter voyages due to security risks. The Strait of Hormuz and Red Sea are…

Oil prices jumped nearly 4% as Houthis prepare to attack the Bab el-Mandeb Strait, threatening Saudi crude exports.

The escalations intensify the risk of further pressure on global oil supply and prices.

This week's attack by Houthi rebels on Red Sea tanker traffic means gasoline prices are going higher again, possibly for longer than anyone expects.

The attack on ships in the Red Sea threatened to expand the conflict and severely impact global oil supplies already hobbled by the blockade of the Strait of Hormuz.

Crude oil futures traded higher on Thursday morning following reports of attacks by the Iran-backed Houthis on ships in the Red Sea.

A Saudi vessel was attacked in the Red Sea as Tehran-backed Houthi rebels claimed to strike tankers in the waterway, Riyadh's state media said Thursday (all times local),…

Attacks on ships crossing the Red Sea would likely cause further economic chaos

US attacks on Iranian targets continued for 12th straight night with no sign of let up in the conflict

Five tankers have rerouted to avoid Bab el-Mandeb as fears grow that Red Sea disruptions could further raise oil prices, impact shipping routes, and strain US military resources.

Houthi militant attack on Saudi Arabian tankers threatens deeper supply disruptions

A Saudi vessel was attacked in the Red Sea as Tehran-backed Houthi rebels claimed to strike tankers in the waterway, Riyadh's state media said July 23, signalling a potential new…

Oil prices climbed for a fifth straight session, with Brent surpassing $98 per barrel as Houthi attacks on Saudi-linked tankers heightened fears of supply disruptions through the…

Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’

A Saudi oil tanker was attacked in the Red Sea, pushing oil prices above $98. New all-time high by December 31 at 16.5% YES.

Brent oil nears $100 as prices surge 5% after Houthi attacks on Saudi tankers in the Red Sea, raising fears of a widening Middle East conflict