Tag: Strait of Hormuz
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.
Why Yemen Is Back on the Brink of War
The Houthi militia, the Yemeni government, Iran and Saudi Arabia all have reasons to escalate the conflict.
Iran’s Strikes on Base in Jordan Caused Limited Damage, U.S. Officials Say
The latest round of fighting may result in reports of traumatic brain injuries among American service members, officials warned.
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.
Iran Signals Readiness to Escalate War With U.S. Amid Rising Economic Pressure
The Iranian government is taking an increasingly aggressive approach as it confronts a growing economic threat and worries that its grip on the Strait of Hormuz is slipping, analysts say.
U.S. Strikes Iranian Oil Tankers, Drawing Threat of Reprisal
American forces were said to have hit multiple vessels in response to Iranian attempts to hit a U.S. warship.
Oil Prices Rise After U.S. and Iran Trade Strikes
Brent crude, the global benchmark for oil, rose to about $97 a barrel on Monday, while the national average price of gas was $4.15 a gallon.
OPEC Plus to Keep Oil Production Steady
The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf.