Samsung Heavy Industries Co. announced a 268 billion-won ($187.7 million) contract to build two oil tankers for an undisclosed European client, with delivery by August 2029. This order helps the shipbuilder surpass its annual commercial vessel target, reaching $5.8 billion in contracts for 34 vessels this year.
Iran's Islamic Revolutionary Guard Corps claims to have struck two oil tankers attempting to transit the Strait of Hormuz under US military escort via an "undeclared route." The incident, which follows two weeks of renewed fighting and rising energy prices, coincides with President Trump's cabinet meeting to discuss the ongoing five-month war and its impact on US midterm elections.
Attacks on tankers and other vessels in the Strait of Hormuz, the Red Sea and the Black Sea are disrupting shipping and tightening oil markets. Brent crude has topped $100 as traders weigh the risk of further escalation.
US President Donald Trump announced he is close to deciding on a "massive attack" on Iran, escalating tensions after Houthi attacks on Saudi oil tankers in the Red Sea. The US warns of "major military punishment" for Iran and Houthis, while the EU condemns the Red Sea strikes.
US President Donald Trump threatened "major military punishment" for Iran and its Houthi allies after Houthi fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East conflict. The attacks, coupled with US airstrikes on Iran, sent global oil prices surging and raised fears of a wider economic downturn.
An Iranian oil tanker has successfully navigated through the maritime blockade imposed by the United States against the Islamic Republic, entering the Gulf of Oman amidst escalating US-Iran tensions following recent strikes and a renewed naval blockade.
The Houthi militia in Yemen appears to be selectively allowing some ships, including a Chinese oil tanker, through the Bab al-Mandab strait despite a declared blockade on shipping to Saudi Arabia, following a recent confrontation and an attack on a Saudi tanker.
Yemen's Houthi movement attacked two Saudi oil tankers in the Red Sea, causing a fire on one, prompting US President Trump to warn of 'major military punishment' against the Houthis and Iran. This occurred during the 12th consecutive night of US strikes on Iran, which killed two people, while Iran's IRGC warned the UK over its bases. Oil prices surged to $100 a barrel.
Donald Trump stated he is close to deciding on a "massive attack" against Iran, threatening "major military punishment" for Houthi attacks on Saudi oil tankers in the Red Sea. The US State Department advised citizens to prepare for travel disruptions, while the EU condemned Houthi actions, highlighting escalating regional tensions over vital shipping lanes.
President Trump threatened Iran with "significant military punishment" after Yemen's Houthi militia, described as a Tehran proxy, claimed attacks on two Saudi oil tankers, which they stated violated their naval blockade.
President Trump stated the US would hold Iran responsible and inflict major military punishment on both Iran and the Houthis if Houthi attacks on Saudi Arabian ships continue, following recent missile and drone strikes on oil tankers.
President Trump warned Iran will be held responsible for future Houthi attacks after the group claimed striking two Saudi oil tankers in the Red Sea. The U.S. threatens "major military punishment" on Iran and the Houthis if attacks continue, amid ongoing U.S. strikes against Iranian targets and rising oil prices.
President Trump warned Iran would be held responsible for future Houthi attacks after the group claimed striking two Saudi oil tankers in the Red Sea. The US has conducted 12 nights of strikes on Iran, which has vowed retaliation. Oil prices rose amid escalating hostilities.
The US conducts its 12th night of strikes on Iran, while Yemen's Houthis claim attacks on Saudi oil tankers in the Red Sea, escalating tensions in the region.
Yemen's Iran-backed Houthis claimed striking two Saudi oil tankers in the Red Sea, naming them Encelia and Layla. This occurred as the US conducted its 12th consecutive night of strikes on Iranian military targets, further escalating regional tensions.
Iranian-aligned Houthis claimed strikes on two Saudi oil tankers, threatening a second global oil chokepoint. This occurred as the US military conducted a 12th night of strikes on Iran, prompting Iranian retaliation against US military posts in Jordan and Kuwait, escalating regional conflict and oil supply concerns.
Yemen's Houthi group claimed responsibility for striking two Saudi oil tankers, Encelia and Layla, in the Red Sea with missiles and drones, marking the first such attack since their naval blockade declaration. A vessel reported fire near Al Shuqaiq, Saudi Arabia, with no casualties.
Iran's IRGC reported three oil tankers attempted unauthorized passage through the Strait of Hormuz, resulting in an explosion and fire on one vessel, with the others retreating. Iran reiterated its control over the strait.
Yemen's Iran-aligned Houthis claimed an attack on two Saudi oil tankers, Encelia and Layla, in the Red Sea using missiles and drones, causing fires. Saudi Arabia confirmed the Encelia was hit, with crew safe. The Houthis imposed a maritime blockade on Saudi Arabia on July 20, citing an "eye for an eye" response to a Saudi-led siege.
Yemen's Houthi militia claimed responsibility for attacking two Saudi oil tankers, Encelia and Layla, in the Red Sea using missiles and drones. A Saudi news agency confirmed the Encelia was ablaze near Jizan. This comes amidst ongoing US military strikes in Iran and escalating regional tensions.
Yemen's Houthi rebels, Ansar Allah, announced strikes on two Saudi oil tankers, ENCELIA and LAYLA, in the Red Sea, claiming violation of a maritime blockade. Saudi Arabia confirmed a strike on Encelia, causing a fire but no crew casualties, as the Arab coalition vows decisive action against "maritime piracy."
At least seven oil tankers have made U-turns near Yemen since the Iran-linked Houthi group announced a "maritime embargo" against Saudi Arabia. This action, impacting a key global trade route, raises concerns about oil prices and international shipping safety in the Red Sea and Gulf of Aden.
Four tankers transporting Kazakh crude oil were attacked by drones at the Caspian Pipeline Consortium (CPC) marine terminal in the Black Sea over four days. Kazakhstan condemned the attacks, attributing them to destabilization efforts and undermining global energy security, and suspended loading operations.
The US launched its tenth consecutive night of strikes against Iranian military targets, prompting Iran's IRGC to retaliate against US assets in Bahrain and Kuwait. Explosions were reported across Iran, while two oil tankers in the Strait of Hormuz caught fire, leading Iran to warn of the strait's closure if US actions persist.
