Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners, producers and buyers grapple with a…
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Yemen's Houthis seized control of the strategic Red Sea port city of Mokha on Thursday, a Yemeni military source told AFP, as the Iran-backed group reported fresh strikes by Saudi forces. The…
Vessel transits via the Strait of Hormuz fell on Wednesday to seven from 12 the previous day, preliminary ship-tracking data showed on Thursday, with levels also below the 10-day average of 14.
Iran and its proxies move closer to full control of two shipping chokepoints as regional conflict widens Yemen’s Houthi rebels are making a concerted drive to take full control of the country’s Red…
Yemen's Houthis seize control of crucial port city of Mocha The Houthis have taken control of the Yemeni Red Sea city of Mocha, according to the internationally-recognised government. Three Yemeni…
Iran suspends freight charge on foreign vessels carrying energy products to or from Iran Iran has suspended a 10 percent charge on freight fees for foreign vessels carrying imported or exported oil,…
For most of the past, the Suez Canal and the Strait of Hormuz have been analyzed as separate problems: one an Egyptian revenue engine sensitive to Red Sea security, the other a Gulf oil chokepoint…
The Morning Manifest
One briefing, every morning at 07:00 Riyadh time — the cargo and freight stories that matter across the Kingdom and the region.
