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Bab

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2 days ago

Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge

A fresh front in the Middle East crisis opened this week, bringing a return of soaring …

3 days ago

The Houthis' blockade of Bab al-Mandeb threatens a vital global trade route.
Insurance rates through Hormuz are currently four times the five-year average.
With the Houthi naval blockade, shipping disruptions now impact the Bab al-Mandeb strait in addition to Hormuz.
Asian refiners may wait an extra month for crude as tankers abandon the route through Bab al-Mandab

4 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…

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.

9 days ago

EU foreign policy chief Kaja Kallas visited Djibouti and signed a new security agreement to strengthen Europe's naval presence, as reports say Tehran has asked the Houthis to shut the Bab el-Mandeb i…

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