Global oil markets recorded their biggest price swings in history this week after the US-Israeli war on Iran blocked the flow of Middle Eastern crude through the Strait of Hormuz. The narrow waterway south of Iran is one of the world’s most important trade arteries, through which one-fifth of the world’s oil and marine gas […]
Global oil and gas prices have soared as the war has disrupted energy exports from the Middle East. The Strait of Hormuz, a narrow strait that can transport about one-fifth of the world’s oil, has been virtually closed since the start of the local civil war, raising concerns about a global economic crisis. According to
Tehran-Iran will respond proportionally to recent attacks on tankers in the Red Sea, but first it will investigate who is behind the incident, a government spokesman said. Iranian media said Friday that an explosion of 60 miles from Saudi Arabian port city, Jeddah, caused the country's oil company's tanker to strike a terrorist attack. Iran's
Beijing-Tuesday On Tuesday, China accused the attack of Aramco oil production facilities in eastern Saudi Arabia, and asked to refrain from measures that could cause escalation or regional tensions in this regard. “China will blame this attack Beijing-Tuesday On Tuesday, China accused the attack of Aramco oil production facilities in eastern Saudi Arabia, and asked
UN Secretary-General Antonio Guterres recently criticized the drone attack on oil facilities in eastern Saudi Arabia, a spokesman for Stefan Duzarik said in a statement Sunday. The drone attack caused massive fires in two Saudi Aramco locations. UN Secretary-General Antonio Guterres recently criticized the drone attack on oil facilities in eastern Saudi Arabia, a spokesman