Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the…
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Saudi Arabia’s race to bypass the Strait of Hormuz has led to a buildup of oil supertankers waiting off the kingdom’s Red Sea coast to collect cargoes, as Riyadh tries to overcome unprecedented disruption caused by the Iran war.
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Exail Technologies SA shares have jumped in the past two weeks as Iran’s closure of the Strait of Hormuz thrust the French defense contractor’s seagoing, mine-destroying drones into the spotlight.
As the Iran war erupted, Gulf stock markets looked certain to tumble once trading resumed. But Saudi equities have defied those expectations to rise despite the conflict, helped by support from local investors.
Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut.
Europeans look for ways to restart energy shipments as Iran’s new supreme leader vows to keep strait shut Grouped from 2 articles across 2 sources.
Commercial maritime traffic through the Strait of Hormuz remains effectively at a standstill with no confirmed transits in either direction over the past 24 hours, according to vessel-tracking data compiled by Bloomberg.
A message attributed to Mojtaba Khamenei also says Iran will continue targeting US bases in the region. Grouped from 3 articles across 3 sources.