Hormuz tanker hit by limpet mines, Brent nears $117 a barrel
A tanker caught fire after limpet mines were attached above the waterline while leaving the Strait of Hormuz, reigniting oil-supply worries and pushing Brent crude close to $117.
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Tag oil supply
Fire reported near Saudi Arabia’s Ras Tanura oil hub after attack
A fire broke out near Saudi Arabia's Ras Tanura export hub on the Persian Gulf early Tuesday following an attack, though Saudi authorities contained the blaze quickly, a person familiar with the matter said.
Brent crude dips to $114 but holds near highs as Hormuz attacks mount
Brent crude pulled back to $114.42 a barrel and WTI stayed above $100, even as Houthi strikes on Saudi oil sites and an unprecedented surge in Hormuz tanker attacks kept supply fears alive.
Saudi Arabia to build crude storage in Singapore from 2027
Riyadh and Singapore agreed to store Saudi crude in underground caverns on Jurong Island from the second half of 2027, a long-term response to Hormuz shipping risks that has no near-term impact on oil supply.
Gulf oil exports near pre-war levels, but Saudi attacks keep risk alive
Crude flows out of the Persian Gulf have climbed back close to levels seen before regional conflict disrupted trade, yet fresh attacks in Saudi Arabia underline that the recovery remains fragile.
Iran’s floating oil storage nearly empty as US naval blockade persists
Iranian crude held in floating storage has fallen to under 1 million barrels by mid-October, down from roughly 150 million barrels before Washington's blockade began in April, according to Kpler data.
Brent crude jumps above $111 after Houthi strikes on Saudi Arabia
Brent crude rose about 2% to $111.10 a barrel and WTI climbed to $98.98 after Yemen's Houthis hit a Saudi oil field and an airport, deepening concerns over Middle East supply.