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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...
Kyiv: Over 50% of Moscow's refining capacity taken outThe Defense Ministry said late Sunday that recent strikes on refineries in cities including Moscow, Yaroslavl, Ust-Luga, Perm, Saratov and ...
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...
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...
D-Street set for a cautious opening as GIFT Nifty signals muted startIn the last few trading sessions, Indian markets have breathed a sigh of relief. The drop in Brent crude prices has mitigated worries about...
Yemen's Houthi rebels target Riyadh with ballistic missile, Saudi Arabia saysSaudi Arabia said Yemen’s Houthi rebels launched a ballistic missile toward Riyadh and attempted attacks on civilian infrastructure in seve...
Iran claims it struck an oil tanker in the Strait of HormuzIran reports striking an oil tanker in the Strait of Hormuz. Hundreds of thousands rallied in Tehran showing strong government support. Sou...
Alleging Houthi attack on Mecca, Saudis hit YemenSaudi warplanes pounded Yemen while Houthi fighters launched drones and missiles at Saudi cities. The United States tightened its travel wa...
Saudi pipeline hit by drones to be out of service for weeks, further restricting oil flowA Saudi oil pipeline faces weeks of repairs after an attack, impacting global petroleum supplies. Houthi rebels captured key Red Sea island...
From isolated rebels to regional force: How the Houthis took Bab al-MandabYemen's Houthis have seized the strategic Bab al-Mandab Strait, cementing their regional influence. This minority Zaidi community now contr...
Gulf oil threatened anew as Houthis reach key island and pipeline is shut downThe Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originat...
Iran-backed Houthis seize Yemen’s entire Red Sea coast, three strategic islandsThe Iran-backed Houthis seized control of Yemen's entire Red Sea coast and captured three strategic islands on Friday, in a lightning offen...
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 ...
Why is the Bab el-Mandeb Strait so important?Iran-backed Houthis aim to control Yemen's Red Sea coast and Bab el-Mandeb strait. This strategic waterway connects Asia to Europe via the ...
Iran seizes US submarine drone, Houthis hit four Saudi citiesThe escalation of hostilities in the region bordering Yemen is already deepening worries about additional supply disruptions as energy ship...
What are Iran's options to retaliate as open warfare resumes with the US?The US launched a fresh wave of attacks on Iran, prompting Iranian missile strikes on what Tehran said were US assets in Jordan, Bahrain, K...
Iran-backed Houthi rebels clash with Yemeni government forces and other Mideast developmentsYemeni rebels and government forces engaged in renewed clashes, raising fears of a wider civil war. Houthi rebels attacked government areas...