Houthis

A coalition led by the U.S. has initiated a series of attacks on Houthi rebel targets in Yemen. This comes as a response to the Houthis’ refusal to comply with an ultimatum to cease their Red Sea ship assaults. What Happened: The U.S.-led coalition, with support from Britain, Australia,...

Oil prices were up on Wednesday, marking a third-straight day of gains and notching a 9% increase over the past week as tensions in the Middle East increase. Brent crude gained 1.1% on Wednesday to move back above $80 a barrel for the first time since Dec. 1. The European benchmark oil futures...