oil
Houthis take control of Bab al-Mandab, raising global energy market concerns
Iran-backed Houthi rebels have taken full control of Yemen’s strategically vital Bab al-Mandab Strait and Perim Island in the Red Sea after Saudi-backed government forces withdrew, AFP reported, citing local government officials and eyewitnesses. Houthi fighters are now positioned along the strait’s
US claims destruction of 3 Iranian oil tankers
The United States military has claimed it destroyed or permanently disabled three Iranian crude oil tankers following an alleged Iranian ballistic missile attack on US naval vessels in the Persian Gulf, according to a statement issued by US Central Command (CENTCOM) on Saturday. CENTCOM said in a st
Govt. fixes fuel price for August
The government has decided to keep the existing prices of diesel, kerosene, octane and petrol unchanged for the month of August, according to a notification issued by the Energy Division today. The notification said the consumer-level prices of fuel oils fixed in the division’s notification issued
Brent crude price jumps 5% after fresh US strikes on Iran
Oil prices surged on Tuesday after the United States launched a fresh wave of strikes on Iran and President Donald Trump vowed to reimpose a naval blockade. International benchmark Brent North Sea crude climbed 5.1 percent to $87.51 a barrel, while the main US benchmark, West Texas Intermediate, ad