SummaryView Transcript The latest DOE/EIA report shows diesel prices experiencing their largest weekly jump since the Iran War, adding over 55 cents per gallon in just two weeks. This unprecedented…
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Ships continue to turn away from the southern end of the Red Sea, after Yemen’s Iran-backed Houthi rebels announced an embargo on Saudi exports through the Bab el-Mandeb Strait, a narrow channel that…
The European Union’s naval mission in the Red Sea has raised its threat assessment for the North Red Sea after Yemen’s Houthi movement expanded its maritime campaign to include vessels...
Challenges to shipping in the Middle East escalated, as a call from Iran-backed Houthi rebels against servicing Saudi ports spurred unusual maneuvers in the Red Sea, while a European Union naval…
RIYADH: The Saudi foreign minister, Prince Faisal bin Farhan, held talks on Tuesday with his counterparts from Spain, Italy and Germany on Houthi threats to shipping in the Red Sea and efforts to…
Tankers carrying Saudi crude as well as a Chinese car carrier have turned back in the Red Sea over the past 24 hours after Yemen’s Houthis declared a naval blockade on Saudi Arabia, threatening the…
Maersk has announced revised Emergency Contingency Surcharge (ECS) levels for exports from Salalah (Oman), Sohar (Oman), Fujairah (UAE) and Khor Fakkan (UAE) to a range of international destinations.…
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