Three supertankers from Saudi Arabia loaded with 6 million barrels of oil have crossed the Strait of Hormuz, according to data from the global trade intelligence firm Kpler. The Saudi tankers switched their transponders on Thursday in the Gulf of Oman after hiding their location for more than two months. The crossings come after President…
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | Reuters It will take weeks to clear the backlog of ships in the Strait of Hormuz, industry executives and shipping experts have warned, as the critical waterway is set to reopen. Oil prices initially dipped below $80 per barrel…
This photo taken on April 3, 2026 shows an exterior view of the U.S. Oracle tech corporation in Dubai, the United Arab Emirates. Iran’s Islamic Revolution Guard Corps IRGC said Thursday that it had hit a data center of the U.S. Oracle tech corporation based in Dubai, the United Arab Emirates. (Photo by Wen Xinnian/Xinhua…
Pedestrians stand in front of an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on March 23, 2026. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets opened broadly higher Tuesday as oil prices, while elevated, eased slightly following news that President Donald Trump was postponing a…
The Saudi Aramco logo is displayed on a mobile phone screen in this photo illustration, as prices fluctuate amid escalating conflict involving Iran and concerns over global supply disruptions in Brussels, Belgium, on March 2, 2026. (Photo by Jonathan Raa/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Saudi Aramco reported a 26% year-on-year…
VANCOUVER, CANADA – APRIL 28: Gianni Infantino, FIFA President, presents Vittorio Montagliani, FIFA Vice-President and President of the Confederation of North, Central America and Caribbean Association Football (CONCACAF), with a gift during FIFA Council Meeting No. 36 at Fairmont Pacific Rim hotel on April 28, 2026 in Vancouver, Canada. (Photo by Verity Griffin – FIFA/FIFA…
Jonathan Raa | Nurphoto | Getty Images OPEC+ has agreed an increase in oil output of 188,000 barrels per day, the cartel said on Sunday, as it pushes on with production in the first meeting since the loss of its key member, the United Arab Emirates. The group of seven major oil producers announced it…
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices edged higher in choppy trading Friday as tensions around the Strait of Hormuz deepened, with the vital shipping lane still largely closed despite…
TEL AVIV, ISRAEL – APRIL 08: An Iranian cluster munition is fired towards Tel Aviv and the surrounding area around 3 AM on April 08, 2026 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images News | Getty Images Many Middle Eastern countries reported incoming missiles and drones from Iran on Wednesday, triggering air defenses…
European defense tech startups are ramping up commercial discussions with Middle East governments since the Iran war, company execs told CNBC. Another CEO said interest from Gulf states was “skyrocketing” as they race to bolster measures to counter drone and missile attacks. Iran has targeted its neighbors since a joint U.S.-Israeli military operation began at…
