1+ day, 43+ min ago   (147+ words) ALBAWABA - At least one person was killed, and three others were injured in a atrike on a ship in the Strait of Hormuz on Sunday, local Iranian state TV reported. "A merchant vessel was struck around 5:00 am (0130 GMT) this morning…...

1+ day, 8+ hour ago   (234+ words) ALBAWABA - Israel is prepared for a possible fresh attack by the Houthi movement using ballistic missiles and drones launched from Yemen, as fighting around the Red Sea intensifies, raising worries of a bigger regional conflict. On Saturday, the Israeli military…...

1+ day, 9+ hour ago   (289+ words) ALBAWABA - Oil prices may be set for another sharp increase in the coming months as emergency supplies that helped cushion markets after the Iran war begin to run out, Chevron CEO Mike Wirth warned. Since the battle began in late…...

1+ day, 11+ hour ago   (207+ words) ALBAWABA- Yemen’s Iran-aligned Houthis have captured Western armored vehicles after taking the vital Red Sea port city of Mokha, in another big advance along Yemen’s western coastline. Videos authenticated by The Washington Post showed Houthi fighters traveling through Mokha after…...

3+ day, 13+ hour ago   (306+ words) ALBAWABA- Saudi Arabia’s oil production has plunged to its lowest level of the year as Houthi attacks, threats to Saudi shipping and the wider U.S.-Iran war increasingly disrupt the kingdom’s ability to move crude to international markets, adding fresh…...

3+ day, 19+ hour ago   (228+ words) ALBAWABA - The government in Iran has temporarily decided to suspend the 10 percent shipping fee imposed on foreign ships transporting energy products to and from Iran, Fars news agency revealed on Thursday. According to some reports, the decision comes amid the…...

3+ day, 23+ hour ago   (258+ words) ALBAWABA - Several Yemeni government sources confirmed to Reuters on Thursday that Ansar Allah, known as Houthis, took control of the port city of Mokha. Yemeni sources also revealed that government forces had withdrawn from the Hays and Al-Khokha districts in…...

4+ day, 14+ hour ago   (392+ words) ALBAWABA- Explosions were reported Tuesday night near the Strait of Hormuz and the southern Iranian port city of Jask, coinciding with a sharp escalation in the confrontation between Iran and the United States over shipping through the strategic waterway. Iranian…...

4+ day, 18+ hour ago   (178+ words) ALBAWABA - The international benchmark for oil, Brent Crude Oil, reached above $100 a barrel on Wednesday for the first time since July. The jump weighed heavily on stock markets as interest rate hikes were expected from major central banks bidding to…...

5+ day, 22+ min ago   (289+ words) ALBAWABA - Amid escalation in the Middle East, a never-before-seen video has been circulating on social media showing Iranian missiles striking an oil refinery in Haifa, Israel. The clip is being widely shared and is said to be from the June…...