The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude âordinarily destined for ships transiting the blockaded Strait of Hormuz â to its Red Sea port of Yanbu. But over the weekend Iran-backed Houthi militants entered the war in an escalation that threatens to sever even that lifeline. Anything that jeopardizes Saudi oil flows out of the Red Sea will put more upward pressure on global oil prices, said Richard Bronze, co-founder and head of geopolitics at research firm Energy Aspects. As many as 4.6 million barrels per day were loaded onto vessels at Yanbu over the past two weeks â more than three times the average over 2025, according to shipping data firm Vortexa. That is small compensation for the 15 million barrels the world is missing out on every day the Strait of Hormuz remains shut. But those 4.6 million barrels are enough to rattle supply and, in an extremely sensitive global oil market, choking off another critical trade route would raise oil prices further and trigger or exacerbate local fuel shortages. In late 2023, Houthi militants based in Yemen began attacking commercial vessels passing
Mar 30, 2026 → Apr 15, 2026
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and…
Read original at Fox News →6 updates from 4 sources over 2 weeks.
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by…
Read original at Fox News →This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by…
Read original at Fox News →Sir Keir Starmer has said there is a "lot of work to do" to make the two-week ceasefire between Iran and the US hold and to reopen the Strait of Hormuz. The prime minister arrived in Saudi Arabia on Wednesday as part of…
Read original at BBC →PM to meet regional leaders to discuss effort to ‘support and sustain ceasefire’ and reopening the strait of Hormuz Keir Starmer has arrived in Saudi Arabia to meet leaders in the Gulf region to discuss diplomatic…
Read original at The Guardian →This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by…
Read original at Fox News →The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude âordinarily destined for ships transiting the blockaded Strait of Hormuz â to its…
Read original at CNN →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and…
View source →This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and…
View source →Sir Keir Starmer has said there is a "lot of work to do" to make the two-week ceasefire between Iran and the US hold and to reopen the Strait of Hormuz. The prime minister arrived in Saudi Arabia on Wednesday as part of a visit to Gulf…
View source →PM to meet regional leaders to discuss effort to ‘support and sustain ceasefire’ and reopening the strait of Hormuz Keir Starmer has arrived in Saudi Arabia to meet leaders in the Gulf region to discuss diplomatic efforts to support the…
View source →This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and…
View source →The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude âordinarily destined for ships transiting the blockaded Strait of Hormuz â to its Red Sea port of Yanbu.…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
Long-running fight over Trump-backed maps takes another turn as absentee voting is already under way in Missouri. This blog is now closed. Sign up for US Breaking News emails Xi…
This new task force is Trump's latest response to the debate over AI safety.
The Trump administration’s decision to revoke the visa of a Peruvian judge who sided with a Chinese company in a port dispute puts a new spotlight on the growing US-China rivalry…
As Bosnians vote in an election this weekend, the country is embracing the US president’s family and friends.
On Equity, we discussed the Trump administration's attempts to rebrand AI.
Donald Trump and Xi Jinping discuss Taiwan arms sales every time they get together but the American stance on the self-ruled island remains unchanged following the Chinese…
