Tag: Saudi Arabia

Oil Prices Climb After Houthis Claim Strike on Saudi Tanker in Red Sea

Crude oil prices climbed Wednesday after Yemen's Iran-backed Houthis claimed a strike on a Saudi tanker in the Red Sea, reviving shipping security fears.

Saudi Arabia Unveils 14-Nation Maritime Defence Alliance to Secure Trade Routes

Saudi Arabia has announced a 14-nation maritime defence alliance to secure vital trade and energy routes, sending oil prices down more than 1%.

US and Saudi Arabia Strike Iran-Aligned Groups in Iraq, Sending Oil Prices Higher

The US and Saudi Arabia launched coordinated strikes on Iran-aligned groups in Iraq, driving oil prices higher amid fears of a wider regional conflict.

Houthis Claim Fresh Missile Strike on Saudi Arabia as US Pauses Nightly Iran Attacks

Houthi rebels claimed a missile and drone attack on Saudi oil facilities in Jizan and Yanbu as the US paused its nightly strikes on Iran for the first time

Saudi Arabia Strikes Houthi Sites in Hodeidah as Red Sea Tensions Escalate

Saudi Arabia struck Houthi targets in Hodeidah after a rebel missile hit one of its Red Sea ships, escalating tensions and threatening a fragile 2022 truce

Houthi Strikes on Saudi Tankers Send Oil Past $100, Trump Vows Iran Reprisal

Houthi attacks on Saudi oil tankers in the Red Sea sent Brent crude above $100 a barrel, as Trump vowed military punishment for Iran and its allies.

Oil Surges Past $100 a Barrel as Middle East Conflict Escalates

Brent crude surged above $100 for the first time since May as Houthi attacks on Saudi tankers and US-Iran tensions rattled global oil markets.

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