Brent crude futures were up to $73.68 a barrel just after 1 p.m. ET on Monday—a 2.65% increase—and U.S. West Texas Intermediate crude increased 2.62% to $73.30 a barrel.

The Red Sea shipping crisis and OPEC+ output cuts have tightened oil markets. U.S. benchmark oil prices are also supported by higher demand for American crude in Europe due to the Red Sea ...

MV Delta Sounion oil tanker in the Red Sea on Aug. 29, 2024. Satellite image ©2024 Maxar Technologies used with permission. The Houthis continued to attack crude oil tankers traveling through the ...

Global crude oil and oil products shipments taking the long route between Asia, the Middle East and the West is up 47% since attacks began on vessels using the shorter Red Sea route, the Energy ...

Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the Red Sea.

The Pentagon blasted Houthi rebels for striking an oil tanker and creating an "environmental disaster" in the Red Sea after the vessel was lit ablaze with a million barrels of crude oil on board.

A commercial oil tanker adrift in the Red Sea was still on fire days after an attack by the Houthis. The Greek-flagged vessel MV Sounion was struck by an exploding Houthi drone boat last week ...

Since it was attacked by Houthi rebels in Yemen three weeks ago, a tanker carrying roughly 1 million barrels of crude oil has been immobilized and on fire in the Red Sea.

A Greek oil tanker is stuck in the Red Sea after it was attacked by Houthi rebels, an Iran-backed militia group that controls swaths of northern Yemen and has disrupted crucial shipping lanes in a ...

WASHINGTON — The Greek-flagged crude oil tanker Sounion that was recently attacked by Yemen’s Houthis is still on fire in the Red Sea and now appears to be leaking oil, a Pentagon spokesman ...

A Greek-flagged oil tanker carrying 150,000 tons of crude oil poses an “environmental hazard” after it came under attack from projectiles and arms fire in the Red Sea. CNN values your feedback 1.