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Aramco warns global oil inventories could take 18 months to recover after Hormuz disruption

Saudi Aramco has warned that the disruption of oil shipments through the Strait of Hormuz could have long-lasting consequences for global energy markets, with depleted oil inventories potentially requiring up to 18 months to recover, even if normal shipping operations resume immediately. According to the company's chief executive, the......

OPEC+ expected to approve September oil output increase before pausing production hikes

The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment would raise collective production......

Saudi Arabia launches 14-nation maritime coalition to safeguard Red Sea shipping

Saudi Arabia has announced the formation of a 14-country maritime coalition aimed at strengthening security across the Red Sea, the Bab al-Mandeb Strait and the Gulf of Aden, as regional tensions continue to threaten one of the world's most critical maritime trade corridors. The initiative comes amid renewed instability following recent......

Houthi fighters allegedly launched Saudi Arabia attack from Iraq, sources say

Regional security assessments indicate that Yemen's Houthi movement coordinated with Iraqi armed groups to launch attacks against Saudi Arabia from Iraqi territory earlier this week, according to two regional officials familiar with the matter. If confirmed, the operation would mark a significant evolution in cooperation among Iran-aligned......

Al-Hilal maintains its position on Yassine Bounou amid transfer speculation

Al-Hilal appears determined to keep Moroccan goalkeeper Yassine Bounou amid growing speculation over his future during the summer transfer window. The experienced international has recently been linked with a possible move to Saudi rivals Al-Nassr, as well as interest from clubs outside the region. Reports circulating in recent days have......

Iran discusses Strait of Hormuz security with Saudi Arabia and Oman

Iran has intensified diplomatic consultations with its Gulf neighbors by holding high-level discussions on the security of the Strait of Hormuz, one of the world's most strategically important maritime corridors. Iranian Foreign Minister Abbas Araqchi held separate telephone conversations with his counterparts from Saudi Arabia and Oman,......

Rubio says Saudi Arabia plans to develop a peaceful nuclear program

US Secretary of State Marco Rubio has said that Saudi Arabia intends to develop a peaceful nuclear energy program, highlighting the growing cooperation between Washington and Riyadh in the field of civilian nuclear technology. Speaking at a press conference on the sidelines of an ASEAN foreign ministers' event, Rubio said that any agreement......

Flynas expands Airbus order book to 235 aircraft with new widebody and narrowbody deal

Saudi Arabian low-cost carrier Flynas has significantly expanded its long-term fleet strategy by placing a new order for 25 additional Airbus aircraft, reinforcing its ambitions to capitalize on accelerating passenger demand across Saudi Arabia and international markets. The latest agreement raises the airline's total firm commitments......

Saudi Arabia's Helicopter Company signs agreement with Bombardier for up to 60 business jets

Saudi Arabia's The Helicopter Company (THC) has signed a letter of intent with Canadian aircraft manufacturer Bombardier for a potential fleet of up to 60 business jets, marking a major expansion plan for private aviation services in the Kingdom and the wider region. The agreement, announced at the Farnborough International Airshow, includes......

Air France extends suspension of Dubai and Riyadh flights over Gulf security concerns

Air France has once again postponed the resumption of flights to Dubai and Riyadh, underscoring the continued uncertainty surrounding air travel in the Gulf as regional security risks remain under close review. The French carrier announced that its services to and from the Saudi Arabian capital will remain suspended through July 24, with......

Riyadh Air orders 34 widebody aircraft from Boeing and Airbus to accelerate global expansion

Saudi Arabia’s new national airline Riyadh Air has announced orders for 34 widebody aircraft from Boeing and Airbus, accelerating its ambitious strategy to build a global aviation hub and connect the Saudi capital with more than 100 destinations by 2030. The announcement, made during the Farnborough Airshow in the United Kingdom, marks......

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