Iran-aligned Houthi forces in Yemen have attacked multiple ships, including oil tankers, in the Red Sea and the Mediterranean, raising concerns about maritime security and regional tensions.

"Red Sea diversions are still the biggest contributor to rates that remain at least double their level a year ago," said Judah Levine, head of research at Freightos, in a December freight update.

Chevron Corporation CVX, along with several other multinational energy firms, has exited its oil concession blocks in Egypt’s Red Sea region after failing to discover commercial oil or gas reserves.

Houthi attacks in the Red Sea have caused a 60% drop in Suez Canal revenue, a $7 billion loss for Egypt. Major shipping companies have rerouted vessels around the Horn of Africa due to Red Sea ...

Red Sea Issues, US-China Trade Diversions To Continue Influencing Seaport, Logistics Sectors 07/01/2025 01:37 PM KUALA LUMPUR, Jan 7 (Bernama) -- Kenanga Investment Bank Bhd has maintained its ...

Destroyer USS Stout (DDG-55) and cruiser USS Gettysburg (CG-64) remain in the Red Sea. This marks the third time in more than 15 months that the U.S. has left the Red Sea without an aircraft carrier.

USS Harry S. Truman (CVN-75) on Wednesday collided with M/V Besiktas-M in the Mediterranean Sea close to Port Said, Egypt, in the Mediterranean Sea.

Chevron Corporation CVX, along with several other multinational energy firms, has exited its oil concession blocks in Egypt’s Red Sea region after failing to discover commercial oil or gas reserves.