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.

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.

Dangerous antibiotic-resistant bacteria discovered in Red Sea, Mediterranean These bacteria can cause serious illnesses in humans. Published: May 26, 2025 12:40 AM IST .

The USS Harry S. Truman lost an F/A-18E Super Hornet fighter jet that was being towed on Monday in the Red Sea, the Navy said. The fighter jet slipped off the hangar deck of the aircraft carrier ...

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.

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 ...

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 ...

An Italian tourist was mauled to death by a shark off the coast of Egypt’s Red Sea — while a heroic stranger was injured while trying to save him, according to reports. Gianluca Di Gioia, 48 ...

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.

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