Gulf states pay the price as Strait of Hormuz shipping crisis drives costs
Gulf states that normally receive their food and household goods by sea have spent five months flying them…
Oil Prices Plunge 5% as Trump Halts Iran Strike Plans
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of…
US, Saudi Arabia target Iran-backed militias in Iraq after Iranian strikes
US Central Command (CENTCOM) together with the Saudi Arabian Armed Forces struck Iraq on Wednesday, targeting “Iran-aligned terrorists…
Oil Prices Extend Losses as U.S.-Iran Calm Holds for Another Night
Oil prices continued to trend lower in early Asian trade on Tuesday as a fourth night passed without…
Saudi oil can still get out — but it won’t be cheap or easy
Early on in the Iran war, a long-forgotten pipeline built across Saudi Arabia 40 years ago became a…
Oil Prices Climb Toward $100 as Red Sea Risks Rise
Oil prices rose for the fifth consecutive day early on Thursday, topping $98 per barrel to the highest…
Brent Breaks $96 as U.S. Strikes Iran for 12th Consecutive Night
The latest oil price rally showed no sign of stopping in early Asian trading on Thursday, with both…
Aramco’s Q1 profit soars 25% as it shifts oil exports to its pipeline
Aramco, the world’s largest oil company, said Sunday its first quarter profit jumped 25% as it shifted some…
A Sixth Ocean Is Forming as East Africa Splits Apart
Since 2005, a 35-mile-long crack known as the East African Rift has been forming. In the scorching deserts…
Can Japan regain shipbuilding might with US$6.3 billion funding plan?
Japan is forging ahead with an investment plan that could see as much as 1 trillion yen (US$6.3…
Oil Set to Book Record Monthly Gain on Iran Crisis
Oil prices are about to log their biggest monthly rise on record following Houthi attacks on Israel and…
East-West Pipeline Key to Saudi Arabia’s New Oil Export StrategyRussia Emerges As The Biggest Winner In Middle East War
As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike…