 |
Louisiana Light • 2 days | 83.46 | +0.73 | +0.88% | ||
|
Bonny Light • 1 day | 82.53 | -0.98 | -1.17% | ||
|
Opec Basket • 2 days | 83.43 | -0.86 | -1.02% | ||
|
Mars US • 193 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 11 mins | 2.476 | +0.016 | +0.65% |
|
Bonny Light • 1 day | 82.53 | -0.98 | -1.17% | ||
|
Girassol • 1 day | 83.78 | -0.80 | -0.95% | ||
|
Opec Basket • 2 days | 83.43 | -0.86 | -1.02% |
|
Peace Sour • 23 hours | 72.32 | +0.86 | +1.20% | ||
|
Light Sour Blend • 23 hours | 75.37 | +0.86 | +1.15% | ||
|
Syncrude Sweet Premium • 23 hours | 82.32 | +0.86 | +1.06% | ||
|
Central Alberta • 23 hours | 72.72 | +0.86 | +1.20% |
|
Eagle Ford • 2 days | 75.60 | +0.86 | +1.15% | ||
|
Oklahoma Sweet • 2 days | 75.50 | +0.75 | +1.00% | ||
|
Kansas Common • 1 day | 68.25 | -1.00 | -1.44% | ||
|
Buena Vista • 2 days | 83.63 | +0.86 | +1.04% |
Breaking News:
Profits Over ESG as Supermajors Pivot Back to Their Core Business
Europe’s Big Oil majors are…
Five Countries With the Cleanest Energy Grid Globally
Several countries worldwide have achieved…
Blinken Condemns Iran For Aiding Houthi Red Sea Attacks
U.S. Secretary of State Antony Blinken has accused Iran of aiding Yemen’s Houthi attacks on merchant vessels in the Red Sea, telling reporters in Bahrain that Tehran was providing vital assistance. "These attacks have been aided and abetted by Iran with technology, equipment, intelligence, information, and they are having a real-life impact on people," Reuters quoted Blinken as saying, during his fourth crisis tour of the Middle East since the October 7 Hamas attack on Israel.
On Tuesday, U.S. and UK forces in the Red Sea shot down 21 drones, including anti-ship cruise and ballistic missiles, fired at merchant vessels, according to U.S. Central Command, as attacks on ships become a daily occurrence in the Bab el-Mandeb Strait.
As reported by NPR, British Defense Secretary Grant Shapps described Tuesday’s missile barrage as "the largest attack by the Iranian-backed Houthis in the Red Sea to date”.
A Houthi General told NPR that the rebel group would "continue to prevent Israeli ships or those heading to the ports of occupied Palestine from navigating in the Red Sea until the aggression stops and the siege on our steadfast brothers in the Gaza Strip ends”.
The Houthis have also vowed to target U.S. military vessels if the U.S. moved to directly attack the group.
According to the Wall Street Journal, citing London-based Drewry Shipping Consultants, importers are facing soaring costs due to the Red Sea attacks, with costs to ship containers doubling since November. Additionally, the past two weeks have seen a sharper spike in costs of shipping through the Suez Canal, which requires traversing the Bab el-Mandeb Strait, offshore Yemen.
WSJ reports spot-market prices for containers running between China and Rotterdam as having seen a 115% increase week-over-week.
By Charles Kennedy for Oilprice.com
ADVERTISEMENT
More Top Reads From Oilprice.com:
- Azerbaijan Doubles Down on Its Domestic Oil Potential
- China Looks To Play Peacemaker in the Middle East
- U.S., UK Shoot Down 21 Drones in Red Sea
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
It appears that he has so far failed to do so. So either he is acquiescing to continued Israeli attacks or Israel isn’t listening to him. If so then this raises many questions about who is boss in the US-Israeli alliance.
Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert