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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Houthis try to take control of more of Yemen’s Red Sea coast from Saudi-backed government, giving Iran and its allies control over a key shipping lane Violence has erupted again in Yemen, killing and…
ALBAWABA- Saudi Arabia’s oil production has plunged to its lowest level of the year as Houthi attacks, threats to Saudi shipping and the wider U.S.-Iran ...
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…
Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday, military sources said, posing a further threat to global energy supplies hours after President Donald Trump said he…
Prices spiked as attacks on oil tankers escalated in the Middle East.
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.
The Morning Manifest
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