Ship attack reports near Hormuz reach record high as oil exports slow
BBC Verify analysis of data from a UK maritime agency shows 12 vessels were struck in a week.
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BBC Verify analysis of data from a UK maritime agency shows 12 vessels were struck in a week.
Saudi Arabiaโs fiscal buffers and backup oil-export facilities are helping curb the damage to the Middle Eastโs largest economy from the Iran war, according to the International Monetary Fund.
Iran's oil exports have struggled amid a US blockade. A Russian energy crisis because of Ukrainian attacks could help.
Gulf oil flows surge despite escalating ship attacks in the critical Strait of Hormuz energy corridor.
IRGC commander says oil flows through US-supervised route in Hormuz are โnegligibleโ.
The Japanese government on Friday announced additional sanctions against Russia amid the ongoing invasion of Ukraine, targeting a so-called shadow fleet of vessels engaged in transporting sanctioned oil from Russia. Joining international efforts to crack down on sanctions evasion by the fleet, Japan has decided to impose restrictions on the provision of services to 35 vessels, according to the Foreign Ministry. The measures restrict the provision of services including insurance, maritime...
Oil steadied after gaining early on October 1st on uncertainty over the Middle East flow recovery can be sustained. Crude rose for a third month in September, as Washington and Tehran failed to make headway toward a lasting peace agreement that would fully reopen the Strait of Hormuz. Victoria Mitchell, Control Risksโ Senior Analyst for Maritime told Bloombergโs Abeer Abu Omar on Horizons Middle East & Africa on the oil exports going up. (Source: Bloomberg)