iran

Houthis Strike Aramco Headquarters as Middle East Conflict Threatens Global Oil

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Houthi Aramco attack on Saudi Arabia oil headquarters sends crude prices soaring

The Middle East slid into a more dangerous phase this week. The Houthi Aramco attack — a strike by Iran-backed Houthi rebels on an office building owned by Saudi Arabia’s oil giant — set off alarms across global energy markets, and oil prices jumped within hours. Coming just days after a separate Iranian cargo ship … Read more

Mine Blast Hits Oil Tanker in Strait of Hormuz as Iran Blames Sabotage

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mine blast oil tanker strait of hormuz

A Strait of Hormuz oil tanker attack has set nerves on edge across the world’s energy markets. Iran’s Revolutionary Guard Navy says an explosion ripped through the engine room of a supertanker capable of carrying 2 million barrels of crude in the narrow waterway on Monday, and Tehran blames a naval mine for the blast. … Read more