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SAUDI ARABIA OIL ATTACKS
Oil Price Today (October 7): Crude oil rises to $101, up 45% in 3 months. Two reasons behind Wednesday’s surgeBrent futures gained 93 cents, or 0.92%, to $101.51, while US West Texas Intermediate (WTI) crude rose 90 cents, or 1.01%, to $90.30 a barr...
Oil prices rise as storms and air strikes threaten supplyAs a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending st...
What's brewing in Mocha? Houthis deny losses, claim Riyadh airport attackThe Houthi statements come as Yemen's military said it had removed the pro-Iran group from areas around the Bab al-Mandab strait, a Red Sea...
Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyersMiddle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional meth...
Pakistan, Turkiye agree to deploy forces in Saudi Arabia under trilateral pactThe defence agreement, signed by Pakistan, Saudi Arabia and Turkiye in August, establishes a framework for collective deterrence and stipul...
Global Market: Gulf oil flows rebound to 81% of pre-war levels in SeptemberGulf oil flows excluding Iran recovered to 81% of pre-war levels in September, supported by a sharp rebound in Saudi Arabian exports. Crude...
Oil Price Today (October 6): Crude oil below $101 as supply concerns ease but Houthi attack keeps traders on edgeBrent crude futures gained 20 cents to $100.54 a barrel, while US West Texas Intermediate crude futures rose 12 cents, or 0.13%, to $89.50 ...
Oil prices slip as traders weigh strong Mideast exports against Gulf tensionsOil prices slipped as a result of heightened crude exports from the Middle East, alongside a stockpile release by the G7. Brent crude futur...
Oil slips as Middle East crude exports rise, G7 to release stocksOil prices have seen a decline as increased crude exports from the Middle East and stock releases from G7 nations boost supply levels. Bren...
Oil Price Today (October 5): Crude oil dips $101 despite simmering Iran war tensions. Here’s whyBrent crude futures fell 70 cents, or 0.69%, to $101.60 a barrel, while US West Texas Intermediate crude was at $90.15 a barrel, down 90 ce...
Yemen's government declares a major operation against the HouthisYemen's government has launched a military operation against the Iran-backed Houthi rebels near Taiz city. An Israeli airstrike in Gaza kil...
Yemen's armed forces say it is conducting strikes against Houthis in SanaaYemen's armed forces recently conducted strikes against the Iran-aligned Houthis in the capital Sanaa and Saada. The armed forces targeted ...
Explainer: Who are the Houthis, Iran's allies in Yemen?Yemen's Saudi-backed government has initiated a military counteroffensive against the Iran-backed Houthis, seeking to recover lost territor...
Saudi Arabia plans assault on Houthis to break Red Sea chokeholdSaudi Arabia is preparing for an offensive against Houthi militants in Yemen, focusing on securing the Bab el-Mandeb Strait. The operation ...
India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risksIndia’s crude oil imports rose to a 2026-high of 5.26 million barrels per day in September as Gulf supplies surged, with Iraq becoming the ...
Oil heads higher as US-Iran peace talks in stalemateOil prices experienced a rebound of more than 1% as geopolitical tensions in the Middle East persisted. Donald Trump rejected Iran's peace ...
Oil prices slide about 2% as US, Iran explore path out of warOil prices have dropped roughly 2%, influenced by signs of diplomatic advancement between the US and Iran concerning the Strait of Hormuz. ...
Allies unite behind Saudi Arabia as Houthis step up attacksSaudi Arabia, Turkey and Pakistan will hold an urgent, high-level meeting under a joint defence pact to discuss ways to support the kingdom...
Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilitiesOn Friday, oil prices took a small dip after a week marked by fluctuations. Brent crude prices lowered to $105.85 per barrel, while West Te...
Saudi Arabia issues civil defence alerts for Mecca, Jeddah, Yanbu and Tabuk; flags 'potential danger'Saudi Arabia’s civil defence authorities on Thursday issued alerts warning of potential danger in Mecca, Jeddah, Yanbu and Tabuk, advising ...