The Air Forces of the Armed Forces of Ukraine reported on Wednesday that Russia launched a massive overnight air assault involving 741 aerial threats, including 728 Shahed-type drones and decoy UAVs. The attack began at 20:00 (local time) on Tuesday and continued through the night. In addition to the drones, the assault involved seven Kh-101 …
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The United Kingdom Maritime Trade Operations (UKMTO) reported Tuesday that a merchant vessel was attacked by five rocket-propelled grenades about 51 nautical miles west of Hodeidah, Yemen. According to third-party reports and the Company Security Officer, the rockets were fired from multiple small craft. The vessel sustained significant damage and lost all propulsion. UKMTO said …
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A Greek-operated bulk carrier was attacked in the Red Sea on Monday in the second Houthi strike on commercial shipping in less than 24 hours, stoking fears of a renewed escalation in one of the world’s most critical oil transit corridors, Arab and Israel media report. The Eternity C, a Liberia-flagged vessel managed by Athens-based Cosmoship, was hit off …
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Oil crept higher as Saudi Arabia surprised customers in Asia by hiking prices for its main crude grade, signaling a vote of confidence that the market can absorb extra OPEC barrels. West Texas Intermediate crude traded above $67 a barrel, erasing earlier losses. Saudi state producer Aramco will raise the price for Arab Light crude, …
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Analysts widely expect oil prices to remain below $70 per barrel for the remainder of 2025, primarily due to global oversupply and ongoing uncertainties regarding demand. Despite heightened geopolitical tensions in the Middle East, these factors are not anticipated to significantly drive up oil prices unless direct supply disruptions occur. Major investment banks and surveys …
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The Yemen-based Houthis announced on Monday that they launched attacks on multiple key sites in Israel in retaliation for Israeli military actions. In a statement on X, Houthi military spokesman Yahya Sarae detailed the strikes, citing the use of a “Palestine 2” hypersonic ballistic missile against Lod Airport, along with drone attacks on Ashdod Port, …
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MORRISTOWN, United States — US President Donald Trump said on Sunday there was a “good chance” of a hostage deal with Hamas “during the week,” ahead of his upcoming meeting with Israel’s Benjamin Netanyahu. “I think there’s a good chance we have a deal with Hamas… during the coming week,” Trump told reporters amid mounting …
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A group of five leading sheikhs in the Hebron district of the Palestinian Authority penned a letter to the Israeli Economy Minister, Nir Barkat, expressing a wish to join the Abraham Accords and have peace with Israel, the Wall Street Journal reported. “The Emirate of Hebron shall recognize the State of Israel as the nation-state …
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies announced on Saturday that the organization agreed to to increase oil production by 548,000 barrels per day in August. “The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market …
Continue reading “OPEC+ to boost output by 548K bpd in August….As excepted”
