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STRAIT OF HORMUZ CLOSURE
From Hormuz to Saudi to US sanctions, world feels the oil heatThe war in West Asia has caused significant disruptions to global oil supplies and prices. Saudi Arabia faces challenges with pipeline clos...- Global Market Today: Asian shares subdued as rising oil fuels rate hike concernsMSCI’s gauge of Asian stocks opened slightly lower with South Korea’s benchmark slipping as markets returned from a holiday, while Japanese...
- Russia accuses Europe of seeking to thwart Ukraine talksRussia's Foreign Minister Sergei Lavrov accused Europe of obstructing peace negotiations related to the Ukraine conflict. He claimed that M...
- A world in turmoil walks into the UN, looking for a way outWorld leaders gather amid escalating wars and economic uncertainty. The Middle East conflict has drawn in regional nations and closed a vit...
- Trump to tout peace deals, defend Iran war in UN speechUS President Donald Trump will address the United Nations on Tuesday. He is expected to highlight battlefield successes and peacemaking ini...
- Iran warns against new escalation by US and alliesIran has issued a stark warning of severe retaliation aimed at the United States and its allies, claiming to have intelligence about an imp...
- Riyadh issues first air raid alert since renewed fighting in YemenExplosions were heard in Riyadh early Saturday after Saudi Arabia issued its first air raid alert in the capital since fighting resumed in ...
- EIL sees prospect as Saudi, UAE plan to expand pipeline, storageThe near-closure of the Strait due to the Iran war, which began more than six months ago, has heightened the need for Gulf oil exporters to...
- Oil prices fall 1% on hopes of limited supply disruptionsOil prices slipped around one percent, marking their third consecutive session of losses. The potential for alternate oil routes from the M...
- US touts its power, avoids Iran war at G20 Energy meetingUnited States energy ministers met in Houston, promoting domestic production and energy independence. Washington's policies aim to reverse ...
- US crude shipping costs to China hit record as Middle East war disrupts oil flowsShipping costs for US crude oil to Asia have reached record highs. This surge is driven by Middle East energy flow disruptions and increase...
- Saudi Arabia runs out of oil export routes as pipeline shuts, Hormuz blockedSaudi Arabia's oil exports face growing challenges after attacks closed a key pipeline. Iran and its allies have tightened their grip on vi...
- What the closure of Saudi Arabia's East-West pipeline means for oil flowsSaudi Arabia closed a major oil pipeline after a drone attack, raising global energy shortage fears. This closure threatens to remove milli...
- Oil Price Today (September 14): Crude oil jumps 3% to near $108/barrel as Middle East tensions escalate. What are analysts warning?Oil prices experienced a significant spike on Monday, approaching $108 per barrel, amid rising tensions in the Middle East. Recent attacks ...
- Oil prices jump more than 2% after new strikes on Saudi, Strait of HormuzOil prices jumped over two percent on Monday, driven by fresh attacks from Houthi militants and Iranian forces. This escalation has heighte...
- Crude pool drying up as Middle East conflict drags on, refiners waryIndian refiners are using inventories to manage immediate oil supply disruptions. They worry about prolonged closures and widening conflict...
- Saudi Arabia faces fresh Red Sea threat as Houthi gains, pipeline shutdown rattle kingdomHouthi rebels are advancing, threatening a vital Red Sea shipping route. Drone attacks have forced a major pipeline closure, impacting glob...
- Gulf states weigh rare meeting with Iran next week on HormuzGulf states are considering a meeting with Iranian officials next week. Oman aims to convene foreign ministers to discuss the Strait of Hor...
- Amid US-Iran war and rising LNG rates, GAIL Gas turns to blended pricing to keep industrial gas affordableGAIL Gas employs blended pricing to keep industrial natural gas affordable. This strategy uses varied gas supplies and contractual flexibil...
- New problem shaping up for the oil market as Hormuz remains shutHouthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of ...
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