diff --git a/docs/hooks.md b/docs/hooks.md
index 59e628a6b..6e6aaa146 100644
--- a/docs/hooks.md
+++ b/docs/hooks.md
@@ -31,6 +31,13 @@ Available Hooks
 
     Parameters: `WpOrg\Requests\Response &$return`
 
+* **`requests.failed`**
+
+    Alter/Inspect transport or response parsing exception before it is returned to the user.
+
+    Parameters: `Requests_Exception &$exception`, `string $url`, `array $headers`, `array|string $data`,
+    `string $type`, `array $options`
+
 * **`curl.before_request`**
 
     Set cURL options before the transport sets any (note that Requests may
diff --git a/src/Requests.php b/src/Requests.php
index ab3b3a7e9..87adde908 100644
--- a/src/Requests.php
+++ b/src/Requests.php
@@ -426,11 +426,20 @@ public static function request($url, $headers = array(), $data = array(), $type
 			$capabilities = array('ssl' => $need_ssl);
 			$transport    = self::get_transport($capabilities);
 		}
-		$response = $transport->request($url, $headers, $data, $options);
 
-		$options['hooks']->dispatch('requests.before_parse', array(&$response, $url, $headers, $data, $type, $options));
+		try {
+			$response = $transport->request($url, $headers, $data, $options);
+
+			$options['hooks']->dispatch('requests.before_parse', array(&$response, $url, $headers, $data, $type, $options));
+
+			$parsed_response = self::parse_response($response, $url, $headers, $data, $options);
+		}
+		catch (Requests_Exception $e) {
+			$options['hooks']->dispatch('requests.failed', array($e, $url, $headers, $data, $type, $options));
+			throw $e;
+		}
 
-		return self::parse_response($response, $url, $headers, $data, $options);
+		return $parsed_response;
 	}
 
 	/**