Keywords: Red sea
Shipping data showed that maritime traffic through the Strait of Hormuz dropped to its lowest level in a week on Tuesday, as shipowners continued to avoid the strategically important waterway amid heightened tensions surrounding the conflict with Iran. According to data from Kpler, only eight vessels......
Houthi rebels in Yemen, backed by Iran, claimed responsibility on Sunday for a series of attacks that killed at least 11 people, including civilians and government forces, as a fragile truce that had been in place since 2022 collapsed last month. The Houthis also said they had targeted an oil refinery......
Yemen's Houthi rebels have claimed responsibility for an attack on a Saudi oil tanker in the Red Sea, escalating tensions around one of the world's most strategically important maritime routes. The Iran-backed movement said it targeted the Saudi vessel Wafa off the coast of Yanbu, a major Saudi......
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......
Oil prices fell sharply in Asian trading on Monday, dropping by more than 5% as investors reacted positively to the absence of new US strikes against Iran and renewed hopes that diplomatic talks could help ease tensions between Washington and Tehran. After around 30 minutes of trading, Brent crude,......
The conflict between the United States and Iran continues to intensify, with U.S. President Donald Trump indicating that his administration is considering a broader military campaign while diplomatic contacts with Tehran remain ongoing. Speaking at the White House on Friday, Trump said no final decision......
Global oil prices experienced a sharp upward surge on Thursday, with Brent crude breaching the key psychological threshold of 100 dollars per barrel for the first time since May. The spike was triggered by escalating attacks on commercial maritime traffic in the Red Sea, which compounded ongoing navigation......
United Nations Secretary-General António Guterres has voiced deep concern over a fresh wave of attacks targeting commercial shipping lanes in the Red Sea, urgently calling for an immediate de-escalation to safeguard global commerce and regional stability. The latest maritime incidents—claimed......
Global oil markets faced renewed pressure on Thursday as escalating tensions in the Red Sea pushed crude prices sharply higher, with Brent oil climbing above the $100 per barrel threshold for the first time since May. The surge reflects growing concerns over potential disruptions to global energy supplies......
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