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YEMEN CONFLICT IMPACT ON SHIPPING
Tanker switches Asia voyage via Suez amid Houthi warnings, owner saysThe Torm Innovation tanker will navigate the Suez Canal to Asia. This decision follows Houthi threats impacting shipping in the southern Re...- Trump warns Iran will be held 'responsible' for Houthi ship attacksPresident Trump warned Iran of significant military punishment for Houthi attacks. He described the Yemen-based militia as a proxy of Tehra...
- US House votes to halt Iran war in fresh rebuke to Donald TrumpThe US House passed a resolution directing President Trump to halt military action against Iran. This measure, largely symbolic, requires c...
- 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...
- Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more...
- Brent crude surges 4% to over $95 a barrel, nears 6-week high as conflict threatens key oil transit routesOil prices hit a six-week high on Wednesday, with Brent crude racing past ninety-five dollars a barrel. The growing tensions between the U....
- Rupee languishes at two-month lows as supply worries raise oil pricesThe Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an e...
- Houthi Red Sea threat would challenge a stretched US militaryThe Houthis' threats to block Saudi ports signify a troubling development in the Iran war, potentially raising US military commitments in t...
- 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...
- Oil prices to hit $120 soon? Goldman Sachs makes big prediction as Hormuz concerns loomGoldman Sachs has warned Brent crude could spike to $120 per barrel if disruptions through the Strait of Hormuz persist, though its base ca...
- NSA Ajit Doval meets Saudi Foreign Minister Prince Faisal bin Farhan; discusses energy security and regional situationNational Security Advisor Ajit Doval visited Saudi Arabia for talks. He met Foreign Minister Prince Faisal bin Farhan to strengthen energy ...
- Gold gains as hopes for US-Iran diplomacy cool oil price rallyGold prices saw an increase as oil prices softened due to diplomatic efforts. Yemen's Houthis threatened a naval blockade, which could disr...
- 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...
- 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...
- Pakistan worries about being drawn into US-Iran conflict after Houthis attack Saudi ArabiaRecent Houthi attacks on Saudi Arabia have frustrated Pakistan significantly. These actions threaten to draw Islamabad into the conflict, c...
- 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...
- Crude shipments from Saudi Arabia's Yanbu port near maximum levels amid Houthi tensionsSaudi Arabia is maximizing oil exports through its Yanbu port this week. Increased loadings at Yanbu reflect rising tensions with Yemen's H...
- 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,...
- After Hormuz, Iran turns to Red Sea gateway as new pressure pointIran is signaling potential closure of the Bab el-Mandeb Strait via its Houthi allies. This move risks disrupting global trade and vital en...
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