4+ day, 2+ hour ago   (432+ words) John Crowley and Edmund Bower Iran-backed Houthis have captured Yemen’s port of Mokha, officials and residents said, strengthening the rebel group’s grip near the Bab al-Mandab strait. The advance could increase the threat to Saudi oil exports through the Red…...

4+ day, 7+ hour ago   (269+ words) Iraq’s crude exports through the Strait of Hormuz have surpassed 3 million barrels per day (bpd) for the first time since the US-Iran conflict erupted in late February, oil minister Bassim Khudair said. Khudair said Iraq’s crude exports were no higher…...

4+ day, 13+ hour ago   (279+ words) Brent crude held above the $100-a-barrel mark in early trading on Thursday after traffic through the Strait of Hormuz fell to single digits the day before. Brent crude futures were flat at $101.20 a barrel at 02:50 GMT. US West Texas Intermediate…...

4+ day, 14+ hour ago   (738+ words) The true cost of the Hormuz crisis isn’t immediately apparent from countries’ headline rates The Strait of Hormuz seems distant from the supermarket checkout, but the economic distance is shrinking. Headline inflation can obscure that perception. Saudi Arabia’s consumer price…...

5+ day, 9+ hour ago   (491+ words) Valentina Pasquali and Pramod Kumar Oil prices rose above the crucial $100 level for the first time since July on Wednesday, up for a fourth straight session as the US-Iran conflict flared over control of the Strait of Hormuz. International benchmark…...

5+ day, 7+ hour ago   (577+ words) Prolonged closure of the Bab al-Mandab strait could trigger a global fuel price crisis, analysts have warned, as attacks on Saudi refineries compound an already-acute shortage of products including diesel. Prices for refined oils rose far more sharply than crude…...

5+ day, 5+ hour ago   (13+ words) Arabian Gulf Business Insight | AGBI...

5+ day, 10+ hour ago   (682+ words) The escalation in fighting between Saudi Arabia and Yemeni Houthi militia could become a “full-scale war”, with steep economic costs for the kingdom at an already difficult time, analysts say. At least 73 people were wounded in Saudi Arabia during Houthi…...

5+ day, 13+ hour ago   (477+ words) Valentina Pasquali and Pramod Kumar Oil prices rose for a fourth straight session in early trading on Wednesday, with Brent nearing $100 as the US-Iran conflict flared over control of the Strait of Hormuz. Brent crude futures rose 1.4 percent to $99.31 a…...

5+ day, 18+ hour ago   (929+ words) Yemen’s Houthi militia has attacked energy and military infrastructure across four cities in southern Saudi Arabia, raising the prospect that the conflict could have a bigger impact on the kingdom’s economy and global energy markets. Saudi Arabia’s main crude-producing fields,…...