Tag: Oil (Petroleum) and Gasoline
Oil Prices Jump on Energy Supply Worries
Oil prices jumped and stock futures fell slightly on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
Iran Will Meet With Gulf Arab States as Mideast Conflict Widens
Talks are expected tomorrow, officials said. Diplomacy to end the war with the United States has stalled and Iranian-allied forces have advanced in Yemen.
Saudi Arabia’s Oil ‘Lifeline’ Was Attacked. Here’s What to Know.
A drone attack from Iraq forced Saudi Arabia to close its East-West pipeline, the kingdom said, threatening a key workaround to Iran’s Persian Gulf blockade.
Iran Finds Escalation Is a Fruitful Path to Leverage in War With U.S.
Iran and its allies now hold sway over two key oil shipping routes, and Tehran is setting the stage for a diplomatic win that could enhance its stature.
As Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table
Even so, finding unity among the loose grouping of emerging economies will be difficult as the war in the Middle East strains their own interests.
Gulf Tankers Are Running Out of Ways to Export Oil: ‘These Waters Aren’t Safe’
Ship operators already faced severe risks in navigating the region, and now the danger is higher as Houthi militias assert control in the Red Sea.
Houthis Capture Crucial Red Sea Island Off Yemen, Officials Say
The Iran-backed militia’s ground offensive has reached the Bab al-Mandab, a Red Sea strait that is a choke point for global trade.
Why Emerging Powers Keep Joining BRICS, Even When They Disagree
Leaders of emerging economies meet in New Delhi this weekend, but global conflicts and soaring energy prices threaten to undermine unity.
Yemen Tilts Toward Full-Scale War as Saudi-Houthi Clashes Escalate
With its oil-export routes once again under threat, Saudi Arabia is stepping up its military campaign against an old antagonist.
Oil Hits $100 a Barrel as Turmoil Intensifies in Middle East
The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.