Saudi Arabia invests over SR640 million in port infrastructure to enhance trade capacity during regional disruptions, ensuring supply chain stability across the Gulf.
Bahri confirmed its crude carrier Wadiyan was attacked while navigating the Strait of Hormuz, raising concerns over maritime security and energy supply stability.
Saudi Arabia has condemned Iran for attacks on vessels in the Strait of Hormuz, warning of risks to international navigation and energy supplies.
The recent closure of the Strait of Hormuz, which resulted in over 10 million barrels per day of crude oil being stranded in the Persian Gulf, has served as a critical reminder for...
In a dramatic shift in the oil tanker market, earnings for Very Large Crude Carriers (VLCCs) have surged to nearly $470,000 per day. This spike follows the recent memorandum of und...
