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Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back downIran and Oman are finalizing an agreement concerning the Strait of Hormuz. This potential deal could reopen the vital waterway and ease glo...
Global Market: Saudi Aramco Q2 profit jumps 44% as Middle East conflict boosts oil pricesSaudi Aramco reported a 44% year-on-year jump in second-quarter net profit, beating analyst estimates as higher crude oil prices offset low...
Saudi Aramco supplier HD Fire plans to launch IPO in OctoberFire protection systems manufacturer HD Fire Protect is planning to launch its IPO in October through an offer for sale of 2.6 crore shares...
'Pakistani mediators compromised, favour Iran at expense of US': Defence analyst General Jack KeaneRetired US General Jack Keane criticized Pakistan and Qatar as compromised mediators in Iran diplomacy. He stated both nations favor Tehran...
Oil ticks up after selloff as talks to end US-Iran war remain uncertainOil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tension...
- Six Saudi tankers turn away from Gulf of Aden, ship-tracking data shows
The tankers, which were empty of cargo after returning from destinations in Asia, were sailing in formation towards southern Africa, rath...
Saudi oil tanker heads to India as Red Sea, Hormuz traffic slows amid attacksUS Iran war: A Saudi crude tanker carrying 2 million barrels is headed to Sikka port where Reliance Industries receives most of his cride o...
Tanker carrying Russian cargo reroutes around Africa after Red Sea U-turnA Russian naphtha tanker changed course to sail around Africa. The Sea Icon vessel avoided the Bab-el-Mandeb strait due to recent attacks. ...
White House signals Trump is weighing new strikes on Iran, and other developments in the Middle EastPresident Trump considers new strikes on Iran as tensions escalate in the region. Iran fired drones at Kuwait and struck oil tankers in the...
US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflictThe United States and Iran exchanged missile strikes, escalating regional conflict. Jordan and Kuwait reported intercepting Iranian missile...
Iran resumes missile attacks as US and Saudis strike Tehran-backed militias in IraqThe flare-up on multiple fronts, after several days of relative calm, raised the risk of a return to all-out war. It also underscored the d...
Saudi Arabia seeks coalition to secure Red Sea shippingSaudi Arabia is seeking an international coalition to safeguard Red Sea shipping lanes. This initiative aims to counter ongoing Houthi atta...
Yemen's Houthis considering fees for ships sailing through Red Sea, sources sayYemen's Houthi faction is exploring the potential of levying fees on maritime traffic in the southern Red Sea. This fee proposal emerged fr...
Trump says US isn't involved in Houthis-Saudi Arabia conflict, but it 'may' step inPresident Trump stated the United States is not currently involved in the Saudi-Houthi conflict. He mentioned ongoing negotiations with Sau...
MRPL seeks crude via tender avoiding Red Sea and Hormuz, document showsMangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea an...
Saudi oil can still get out — but it won’t be cheap or easySaudi Arabia faces a challenge rerouting oil exports due to Houthi attacks. An existing pipeline bypasses the Strait of Hormuz, but a new d...
New threat by Yemen's Houthis could widen Iran war, put another trade chokepoint at riskHouthi rebels threaten to blockade the Bab el-Mandeb Strait, impacting global trade routes. They recently attacked two Saudi oil tankers in...