12+ hour, 45+ min ago   (795+ words) The escalation between Saudi Arabia and Yemen’s Houthi militia threatens global supplies of crude oil, analysts say, after the Houthis captured territory along the Red Sea coast and intensified their attacks on Saudi oil facilities. The group engaged in fierce…...

17+ hour, 29+ min ago   (636+ words) The latest escalation in the US-Iran war has subjected Jordan to repeated Iranian missile attacks, testing its hard-won economic stability and attractiveness as a destination for Gulf funds. But analysts and investors said that decades of geopolitical instability at its…...

4+ day, 1+ hour ago   (432+ words) John Crowley and Edmund Bower Iran-backed Houthis have captured Yemen’s port of Mokha, officials and residents said, strengthening the rebel group’s grip near the Bab al-Mandab strait. The advance could increase the threat to Saudi oil exports through the Red…...

4+ day, 6+ hour ago   (269+ words) Iraq’s crude exports through the Strait of Hormuz have surpassed 3 million barrels per day (bpd) for the first time since the US-Iran conflict erupted in late February, oil minister Bassim Khudair said. Khudair said Iraq’s crude exports were no higher…...

4+ day, 17+ hour ago   (622+ words) Middle Eastern banks face fresh hurdles in establishing and maintaining US correspondent relationships as the Trump administration intensifies efforts to choke off Iran’s global financial dealings. US officials have targeted one institution in the UAE and Turkey each in the…...

4+ day, 12+ hour ago   (279+ words) Brent crude held above the $100-a-barrel mark in early trading on Thursday after traffic through the Strait of Hormuz fell to single digits the day before. Brent crude futures were flat at $101.20 a barrel at 02:50 GMT. US West Texas Intermediate…...

5+ day, 8+ hour ago   (491+ words) Valentina Pasquali and Pramod Kumar Oil prices rose above the crucial $100 level for the first time since July on Wednesday, up for a fourth straight session as the US-Iran conflict flared over control of the Strait of Hormuz. International benchmark…...

5+ day, 6+ hour ago   (577+ words) Prolonged closure of the Bab al-Mandab strait could trigger a global fuel price crisis, analysts have warned, as attacks on Saudi refineries compound an already-acute shortage of products including diesel. Prices for refined oils rose far more sharply than crude…...

5+ day, 4+ hour ago   (13+ words) Arabian Gulf Business Insight | AGBI...

5+ day, 5+ hour ago   (275+ words) Iraq’s foreign-currency reserves fell by nearly $16 billion in four months this year as the government tapped them to pay civil servants. The reserves have been sliding since the outbreak of the Iran-US conflict and the subsequent closure of the Strait…...