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MIDDLE EASTMiddleeasteye3h ago

UN chief warns of ‘grave consequences’ from Hormuz escalation

UN chief warns of ‘grave consequences’ from Hormuz escalation UN secretary-general Antonio Guterres urged restraint amid reports of further escalation in and around the Strait of Hormuz, his…

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SAUDIContainer News10h ago

Jeddah’s capacity bet against its own crisis

CMA CGM’s $434 million wager on Jeddah’s future collides with the blockade shaping its present and the gap between them is the story. On 26 August Red Sea Gateway Terminal and CMA CGM signed an…

MIDDLE EASTMiddle East Eye2h ago

Oil prices breach $100 as Iran-US attacks escalate

Oil prices breach $100 as Iran-US attacks escalate Brent crude futures breached $100 a barrel on Wednesday to settle at their highest close since late May after Iran and the US struck tankers in the…

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