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HOUTHI ATTACKS ON OIL VESSELS
Hormuz, Red Sea spark a 1,000% war-risk premium shockWar-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fres...
Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran warHouthi militants claimed strikes on two Saudi oil tankers, raising Red Sea shipping risks. The United States launched new strikes on Iran, ...
US strikes Iran and Bahrain warns of incoming fire as clashes over shipping routes escalateBahrain activated sirens amid escalating U.S. and Iran strikes over the Strait of Hormuz. Yemen's Houthi rebels targeted Saudi oil tankers,...
India's oil routes under pressure as second West Asia chokepoint shutsIndia faces intensified energy supply challenges due to choke point closures. Three Saudi oil tankers rerouted in the Red Sea amid Houthi b...
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...
More tankers turn back as Houthi threat rattles Red Sea oil tradeHouthi militia warnings are causing tankers to change course in the Red Sea. Two vessels altered their destinations to the Suez Canal after...
Brent crude oil price surges past $100 as Houthi tanker attacks in Red Sea rattle marketsBrent crude surged above $100 a barrel after Houthi rebels claimed attacks on Saudi oil tankers in the Red Sea, escalating supply concerns....
Oil prices rise to six-week high as US-Iran tensions escalateOil prices climbed to a six-week high on Thursday. This surge followed new United States strikes on Iran and Houthi attacks. Iran's Revolut...
- Brent crude surges 4% to over $95 a barrel, nears 6-week high as conflict threatens key oil transit routes
Oil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U....
Hormuz vessel crossings fall further as security concerns lingerThe ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transit...
Saudi oil tankers bound for India, China reroute after Houthi warningTwo oil tankers carrying Saudi crude for India and China changed course. Houthi militia warned shipping companies against loading or unload...
US bombs Iranian ports and cities; Tehran retaliates with attacks on US sites in Bahrain, Kuwait and JordanUS and Iranian forces exchanged strikes for the tenth consecutive night. Iran-aligned Houthis threatened a naval blockade against Saudi Ara...
Crude oil prices rise 2% on fresh attacks by US and IranOn Tuesday, oil prices surged nearly two percent amid escalating tensions between the United States and Iran. The situation was further com...
Strait of Hormuz vessel crossings extend slide on fresh US-Iran attacksVessel crossings through the Strait of Hormuz decreased significantly this week. This drop occurred after a fresh exchange of attacks betwe...
Yemen's Houthis announce a maritime embargo against Saudi ArabiaYemen's Houthi rebels have announced a maritime embargo against Saudi Arabia. This action follows recent attacks on Sanaa Airport and Abha ...
Why the Red Sea remains one of the world's most dangerous shipping routesRed Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threa...
India can find alternative sources for crude, but LPG at risk: ExecutivesIndustry executives said India should be able to source alternative crude and LNG supplies, albeit at higher prices. LPG supplies, however,...