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It marks the third time this week that Iranian-backed Houthi rebels in Yemen have launched missile or drone attacks on a U.S.-owned merchant vessel.

A cold snap in the U.S. and continued attacks on ships in the Red Sea have boosted bullish sentiment in oil markets, although increasing product stocks

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A Genco bulker was hit by a projectile on Wednesday, the second strike against US-owned ships this week, and the third Houthi strike against commercial vessels in as many days. Crew is confirmed uninjured, and an initial inspection indicates the vessel is stable and is now moving away from the area, Genco said

LONDON/WASHINGTON/DAVOS, Switzerland — The US on Wednesday (Jan 17) returned the Yemen-based Houthi rebels to a list of terrorist groups, as the militants claimed their second attack this week on a US operated vessel in the Red Sea region. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and...

A U.S.-owned ship in the Gulf of Aden came under attack Wednesday from a drone launched by Houthi rebels in Yemen, U.S. Central Command said.

The Pentagon insisted the conflict between Israel and Gaza has not expanded throughout the region as violence escalated following U.S.-led strikes in Yemen.

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New sanctions come with a formal designation that is meant to sever violent extremist groups from their sources of financing.

Houthi Red Sea attacks have impacted 30 per cent of global container trade and caused transportation costs to triple