Saudi crude tankers turn back as Houthis open new front in US-Iran war
Saudi oil tankers turn back in the Red Sea as Houthi threats and blockades widen the US-Iran war and alarm global markets.
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Saudi oil tankers turn back in the Red Sea as Houthi threats and blockades widen the US-Iran war and alarm global markets.
The Caspian Pipeline Consortium has suspended oil loadings after drone attacks targeted tankers carrying Kazakh crude in the Black Sea.
U.S. gasoline prices have climbed back to $4 a gallon as geopolitical tensions involving Iran and the Strait of Hormuz drive up global oil costs.
Renewed Iran tensions are flagging a fresh wave of energy inflation that could hold fuel prices high.
Missile strikes on commercial vessels in the Strait of Hormuz mark a resumption of hostilities in the region, according to U.S. officials and international reports.
While global oil costs approach prewar levels, consumer fuel prices remain disconnected, prompting widespread debate and shifting travel projections.
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