A vessel was struck by an unknown projectile 13 nautical miles west of Al Jazeera in the United Arab Emirates on Friday, causing a fire that has since been extinguished, British navy affiliated agency UKMTO said, citing multiple sources.

For a sign of just how extraordinary oil shipping costs have become, consider this: It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space.

A commercial vessel was struck by a projectile in the Persian Gulf on Friday, sparking a fire onboard in the second reported attack on shipping inside the Gulf in just...

Saudi Arabia has $142 billion in American weapons. Yemen is the poorest country in the Arab world. So why can’t Riyadh win?

Last month, Ansar Allah seized Mokha and Perim Island, and with them the Bab el-Mandeb Strait, cutting off Saudi Arabia’s alternative oil route around the closed Strait of Hormuz. Mohammed bin Salman begged Trump for US airstrikes, then backed “Dawn of Yemen,” a 100-warplane offensive aimed at Sanaa, as crude oil again tops $100 a barrel. Veteran war correspondent and analyst Elijah Magnier joins Rania Khalek and Zoe Alexandra on the Red Sea front, as nearly 1,000 Yemenis have been killed and 184,000 displaced since fighting resumed.

But Magnier argues Ansar Allah – often referred to in US media as the Houthis – hasn’t lost much ground. He explains why Saudi warplanes are largely powerless in Yemen’s mountainous terrain, and why he sees the movement advancing on Taiz and Marib. And Magnier breaks down how Hormuz and Bab el-Mandeb have become two fronts of the same war – different demands, same enemies – and how Israel’s quiet push into Somaliland could drag it directly into the Red Sea fight.

Watch full episodes of BT Live, join breakthroughnews.org as a member today!

(Bloomberg) — Saudi Arabia is in talks with customers to offer oil loadings next year outside the Strait of Hormuz in long-term contracts, formalizing a system the kingdom has been...

(Bloomberg) — Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that...

Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said.

A chemical tanker was struck by multiple projectiles off the coast of Qatar on Wednesday, with casualties reported among its crew, in the latest attack on commercial shipping as violence...

Trafigura Group bought seven oil tankers from New York-listed SFL Corp., in the latest example of how trading houses and state energy companies are acquiring vessels to ship crude and products.

Attacks on tankers sailing through the Strait of Hormuz hit their highest last week of any week since the Iran war began, according to maritime security sources tracking incidents, amid a bigger export push by Gulf producers.

Qatar has amassed a fleet of empty liquefied natural gas tankers in the Persian Gulf, a sign that one of the world’s biggest exporters of the fuel may be preparing to boost shipments through the Strait of Hormuz.

Iran’s offshore crude stockpile in Southeast Asia is being rapidly depleted as the U.S. maritime blockade prevents fresh barrels from leaving the Persian Gulf, according to new tracking data from...

Twelve seafarers were injured after a Panama-flagged oil tanker was struck by a projectile while transiting the Strait of Hormuz, according to India’s Ministry of External Affairs, marking one of...

The US blockade of Iran is keeping dozens of laden tankers bottled up along the nation’s coast, while others outside the Persian Gulf are holding off Sri Lanka, according to United Against Nuclear Iran.

UK Maritime Trade Operations reported five separate incidents involving commercial shipping in or near the Strait of Hormuz on Monday, including four tanker attacks and an incident in which Iran’s...

The U.S. Coast Guard is proposing to eliminate six training and competency requirements for certain Merchant Mariner Credential endorsements, saying the rules exceed international standards and impose unnecessary costs on...

Kuwait is pumping oil at about 75% of the level seen before the Iran war as more tankers take the risk of navigating the Strait of Hormuz.

The security situation in the Strait of Hormuz deteriorated further over the weekend as UK Maritime Trade Operations reported several additional tanker attacks and a separate incident in which Iran’s...

No, Mr. President, that is not “worth the price” to pay for a war fabricated in Israel, a repeat of the made-for-Israel war in Iraq 23 years ago.

Gulf oil exporters topped pre-war levels for about half of September, shipping data showed on Monday, though attacks on tankers and logistical constraints cloud the outlook for sustained higher flows.