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News
East-West Pipeline: Saudi Oil Stocks at Risk
7+ hour, 54+ min ago (247+ words) Saudi Arabia's oil export stocks may deplete within days if the damaged East-West pipeline isn't restarted, potentially cutting global supply by up to 4%, according to oil buyers and traders. The Guardian reported that "Saudi Arabia's oil stocks designated for export…...
Oil Surges Over $3 Amid Iran Strait Tensions
8+ hour, 4+ min ago (1601+ words) Crude oil prices jumped sharply Monday, with Brent crude reaching $107.54 per barrel and U.S. West Texas Intermediate hitting $102.34, amid mounting Middle East security concerns and new Iranian restrictions on Strait of Hormuz navigation. Oil prices surged sharply on Monday, driven by…...
Qeshm Island vessel attack kills one, injures three
1+ day, 5+ hour ago (129+ words) An Iranian commercial vessel came under attack off southern Iran’s Qeshm Island early Sunday, killing one person and injuring three others, according to official Iranian media citing the island’s governor. Official Iranian media reported that an Iranian commercial ship was…...
Syria Fuel Price Hike: Banias Refinery Shutdown
1+ day, 6+ hour ago (903+ words) Syria has temporarily increased fuel prices starting Sunday due to rising global costs and the need to ensure domestic supply continuity. The move follows a major refinery shutdown and ongoing import dependency. The Permanent Committee for Setting Prices of Petroleum…...
Houthis Expand Control at Bab al-Mandeb Strait
1+ day, 6+ hour ago (648+ words) Regardless of the precise operational value of what was said in the clip, it summarizes one dimension of the recent field transformation, as the Houthis have extended their control along the western coast of Yemen up to locations and islands…...
UK Maritime Trade Operations: Projectile Strike in Strait of Hormuz
1+ day, 6+ hour ago (154+ words) The UK Maritime Trade Operations body confirmed a vessel was struck by an unidentified projectile while transiting the Strait of Hormuz, with crew status, damage extent, and environmental impact still unknown. The UK Maritime Trade Operations authority has confirmed that…...
Netanyahu: Iran Axis on Brink of Collapse
4+ day, 21+ hour ago (625+ words) Israeli Prime Minister Benjamin Netanyahu reiterated his assertion that Iran and its regional alliance are on the verge of collapse, amid escalating tensions between the US and Iran in the Middle East. From southern Syria, Israeli Prime Minister Benjamin Netanyahu…...
Georges Braks Warns of $30/L Gas Price in Lebanon
5+ day, 6+ hour ago (168+ words) Braks: We Are on the Brink of $30 per Liter for Gasoline in Lebanon Daily Beirut George Braks, a member of the Lebanese Fuel Stations Owners Association, stated: "Unfortunately, due to escalating military tensions and attacks on energy facilities in the…...
Brent Crude Near $100 Amid Iran-Jordan Missile Strikes
5+ day, 6+ hour ago (295+ words) Oil prices rose for a fourth consecutive day, with Brent climbing to $99.49 per barrel and WTI to $94.63, following Iranian ballistic missile attacks on Jordan and renewed U.S. military action against Iranian oil tankers. Crude oil prices extended gains for the fourth…...
CENTCOM Destroys 5 Iranian Oil Tankers in Hormuz
5+ day, 7+ hour ago (239+ words) U.S. Central Command announced on Tuesday it destroyed five Iranian crude oil carriers in the Strait of Hormuz after the Islamic Revolutionary Guard Corps twice targeted a U.S. Navy warship with ballistic missiles over two days. The U.S. Central Command (CENTCOM) confirmed on…...