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2026July › 22

Bab

2 days ago

Global supply disrupted by US-Iran aggression in strait of Hormuz and Houthi threats in Bab el-Mandeb

The price of oil has breached the $95 a barrel mark for the first time in six weeks as the escalat…

3 days ago

Attacks on ships transiting the Bab el-Mandeb threaten to cut off millions of barrels per day of Saudi crude oil exports.
About 6 million barrels of crude per day that pass through the strait to Asia are now at risk, experts say.
Defense Secretary Pete Hegseth tells US senators that the war has cost the US $37.5bn so far.

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