Tag: Red sea
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Oil prices ease but are set for 10% weekly gain as Trump mulls ‘bigger than ever’ attack on Iran
Oil prices dropped by around 4% on Friday, but remained on track for a weekly jump of 10% as the U.S.-Iran war continued to escalate.
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Trump considering a ‘massive attack’ on Iran as Tehran labels UK ‘accomplice’ to America
The president told Axios he was considering an operation “bigger than ever before.”
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CNA Explains: With the Houthis’ Red Sea threat, is the world running out of detours?
Analysts warn that a simultaneous disruption of two key waterways – the Bab el-Mandeb Strait and the Strait of Hormuz – would put global supply chains under strain.
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Oil prices jump as Hormuz, Red Sea crises deepen
Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.
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EU slams ‘unacceptable’ Houthi Red Sea tanker attack
“The attack on an oil tanker in the Red Sea is unacceptable, illegal and further inflames an already volatile situation in the region,” EU foreign policy chief Kaja Kallas said in a statement.
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Houthis claim strikes on Saudi Arabian oil tankers in Red Sea as Iran conflict expands
Yemen’s Houthis said they had targeted two Saudi Arabian oil tankers with drones and missiles for allegedly violating its maritime blockade.
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Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
NEW DELHI, July 17 : Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent…
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Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose…
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Iran tells Houthis to close Red Sea gateway if US hits power network, sources say
Representatives of Iran’s Islamic Revolutionary Guard Corps (IRGC) who are already in Yemen will control the decision on when to close the Bab el-Mandeb strait, said a source close to the Houthis.
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Cargo ship reportedly attacked in Red Sea off Yemen
The UK Maritime Trade Office said a vessel was attacked 30 nautical miles southwest of Hodeida, which is under control of the Houthi rebels. The Iran-backed group recently vowed to resume attacks in the Red Sea.
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