Iran talks, a Saudi pipeline restart and Houthi attacks pull prices in opposite directions. Key takeaways inside.

For Prime Focus, ABC’s Chief Foreign Correspondent Ian Pannell reports on Iranian-backed rebels taking control of Red Sea oil port routes and reignited fears of civil war in Yemen.

The geopolitical chessboard of the Middle East shifted dramatically when reports confirmed that Iranian Revolutionary Guard ...

The lightning advance of Yemen's Houthi rebels down the Red Sea coast was aided by Iranian advisers on the front lines.

The Houthi seizure of Perim Island at the mouth of the Bab el-Mandeb should end any illusion that the threat from Yemen can be managed indefinitely through interception and episodic retaliation. After ...

On Monday, Houthi fighters pushed to seize strategic heights in Yemen to cut off the Red Sea coast from remaining areas held ...

In yet another deadly escalation in West Asia with far-reaching implications for the entire world, the fight over another global waterway the Bab al-Mandeb strait, has intensified. Clashes between ...

Fighting intensifies as US President Donald Trump reportedly calls off planned strikes on the group at the last minute raising fresh questions over ...

The postponement arrives as attacks by Yemen’s Houthi militants are increasingly disrupting the kingdom’s economy and could ...

The Iran-backed Houthi rebels in Yemen have reportedly reassured the Trump administration that they won’t attack U.S. ships ...

Gas Buddy's Patrick De Haan discusses how much higher gas prices could be if the Houthi's gain control of the Bab al-Mandeb strait.

Arsenio Dominguez, secretary-general of the International Maritime Organization, warns Houthi attacks in the Red Sea threaten the global economy. He stresses the need for diplomatic engagement with ...