Oil pared an earlier decline on contradicting reports about when Saudi Arabia will restore production lost in unprecedented attacks. A Financial Times report citing unidentified Saudi sources contradicted an earlier article from Reuters that the kingdom is close to restoring …
Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a …
LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said. Relations between Iran and the West are increasingly …
WASHINGTON — Iran has increased its offensive cyberattacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cybersecurity firms say. In recent weeks, hackers believed to be working for the Iranian government have targeted …
Airlines worldwide are diverting flights away from southern Iran, lengthening travel times, after the Federal Aviation Administration issued an edict barring American operators from the region amid escalating tensions with the Persian Gulf country. Deutsche Lufthansa AG, Dutch carrier KLM …
LONDON/OSLO — Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers’ report seen by Reuters. The …
RIYADH/DUBAI — Saudi Arabia said armed drones struck two of its oil pumping stations on Tuesday, two days after the sabotage of oil tankers near the United Arab Emirates, and the U.S. military said it was braced for “possibly imminent …
DUBAI/LONDON — Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the security of crude supplies amid tensions …
Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf state, a group covering vessel owners said. Ship owners hauling Iran’s oil may go unpaid if …
Iranian state TV says a strong 6.2 magnitude earthquake has jolted the south of the country, injuring at least 15 people. The report said the quake struck the Arabian Sea port town of Jask at 6:38 a.m. (GMT 2:08 a.m.) …