US says it’s clearing Hormuz traffic: Why are oil futures beyond $100?
Brent crude crosses $107 as Hormuz disruptions and Saudi pipeline shutdown threaten global oil supply.
Brent crude crosses $107 as Hormuz disruptions and Saudi pipeline shutdown threaten global oil supply.
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Brent crude crosses $107 as Hormuz disruptions and Saudi pipeline shutdown threaten global oil supply.
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Iran-backed Houthi militants in Yemen, meanwhile, carried out renewed strikes on Saudi Arabia this week. Grouped from 7 articles across 5 sources.
The strategic Strait of Hormuz remains the conflict's primary flashpoint. Grouped from 2 articles across 2 sources.
Iran says El Gaia caught fire after hitting mines, but the US says the oil tanker was struck by a missile and then a drone.
Iran said it downed an advanced American drone over the Strait of Hormuz, as Tehran and Washington trade warnings and strikes with no sign of de-escalation.
An attack on a Saudi Arabian pipeline and a simmering war between the Saudis and Iran's Houthi allies in Yemen are pushing oil prices up.
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.