Saudi’s East-West Pipeline shutdown threatens 4% of global oil supply
Saudi Arabia has shut down pipeline following drone attacks on the vital crude conduit, amid the war-related disruption in the Strait of Hormuz...
Tag : Red sea
Sudan scraps USD 6 billion UAE port deal, citing Gulf country’s RSF support
The UAE is dependent on imported food, and has reportedly invested heavily in agricultural land in Sudan...
Saudi Arabia’s connectivity with global markets improves through new shipping service
The port is a comprehensive maritime gateway for Saudi Arabia because it also has fully functional terminals for receiving pilgrims and other visitors...
Oil price volatility continues amid geopolitical concerns, interest rate worries
A stronger dollar makes oil expensive for buyers with other currencies...
EU launches mission to protect Red Sea shipping
According to an official from the European Union, the mission, known as 'Aspides', which is 'Greek for shield,' is expected to begin operations with at least four vessels in a 'few weeks'...
Over 15,000 sheep drown in Sudan’s Red Sea
Officials express concern about the accident's economic and environmental consequences....