Add a month at sea and $2.5 million - what it costs oil tankers to flee Hormuz and Bab el-Mandeb

By Enes Tunagur and Shadia Nasralla LONDON, July 24 (Reuters) - With two of its key oil export routes - the Hormuz and Bab el ...
The Institute for Energy Research

Houthis Attack Saudi Oil Tankers in the Red Sea

The price of Brent crude oil, the international benchmark, rose to almost $99 a barrel after Iran’s Houthi allies ...

Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy

International benchmark Brent crude oil sank to below $90 a barrel after the two sides halted fire over the weekend.

Iran-backed Houthis fire missiles at Saudi Arabia in response to airstrikes in Yemen

The Houthis’ military spokesperson said that the attack targeted facilities in the Red Sea cities of Yanbu and Jizan that ...

US.-Iran war pauses as Trump gives space for talks to end Strait of Hormuz standoff

U.S. Ambassador to the United Nations Mike Waltz told "Face the Nation with Margaret Brennan" the pause in hostilities is aimed at "giving diplomacy some space," but he stressed that more U.S.