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HOUTHIS ATTACKS ON SAUDI TANKERS
- 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...
Oil Price Today (July 22): Crude oil crosses $90, hits 2-month high as US strikes enter 11th day. $120 possible, say expertsBrent crude prices crossed the mark of $92 a barrel, rising to the levels last seen in early-June. West Texas Intermediate (WTI), the US cr...
US, Iran intensify attacks as diplomacy struggles to revive truceDiplomatic efforts to revive the collapsed US-Iran interim agreement are gathering pace. Shipping disruptions are deepening as the Strait o...
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...
How a Houthi blockade in the Red Sea tightens Iran's grip on global energy suppliesYemen's Houthis declared a maritime blockade against Saudi Arabia on Monday. This action escalates regional conflict and impacts global ene...
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 ...
Iran tells Houthis to close Red Sea gateway if US hits power network, sources sayIn a significant escalation, Iran has directed Houthi militias to get ready to obstruct the Red Sea oil passage should the United States ca...
Saudi, Houthis edge towards war as Middle East conflict spills overSaudi Arabia and Yemen's Houthis are nearing renewed conflict after recent attacks. Houthi fighters claimed large-scale strikes on Saudi Ar...
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,...
One misstep away: Pakistan’s Iran tightrope faces its toughest testSaudi Arabia and Yemen's Houthi movement are facing renewed conflict, raising regional escalation fears and making Pakistan's strategic bal...
Saudi Crown Prince sought US support before launching strikes on Houthi targets in Yemen, Trump backed action: ReportUS President Trump backed Saudi Crown Prince's request for military action. Riyadh initiated operations against Iran-backed Houthi targets ...
Oil climbs to one-month high as US, Iran step up attacks in Strait of HormuzOil prices climbed to a four-week high on Tuesday. The United States reinstated its naval blockade of Iran. Two United Arab Emirates tanker...
Yemen government says attacked Sanaa airport, reviving dormant conflictThe government said it had wanted to prevent an Iranian plane from landing in the capital, after failing to convince a Houthi delegation th...