Iran-backed militias operating from Iraqi territory launched drone attacks targeting oil facilities in Saudi Arabia’s Eastern Province for the second consecutive day on Tuesday, July 28, 2026, according to Saudi authorities. The incidents add pressure on the kingdom’s energy infrastructure amid ongoing regional tensions and constraints on its crude oil export routes. Saudi Arabia’s Ministry […]
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ENB Pub Note: This article was first published on the Energy News Beat Substack. Head over there to comment. Tough times ahead, and countries are picking sides. The world’s energy system is under simultaneous assault from geopolitics and policy ideology. Critical oil and gas flows through maritime and pipeline chokepoints are disrupted or rerouted at […]
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Tanker traffic through the Bab el-Mandeb Strait at the southern entrance to the Red Sea has slumped to a multi-month low, underscoring how Yemen’s Iran-aligned Houthi threats and recent attacks continue to disrupt one of the world’s most critical oil shipping lanes. According to vessel-tracking data, only 11 commodity-carrying vessels—including just seven oil tankers (four […]
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Iran’s ballistic missile threats have expanded beyond the Middle East into Europe, with Ukraine becoming the latest target after the United Kingdom. This escalation ties directly to Tehran’s strategic partnership with Moscow and the defense of critical Caspian Sea trade and military logistics routes that sustain both nations amid ongoing conflicts and sanctions. On July […]
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Saudi Arabia’s carefully constructed workaround for oil exports is hitting severe constraints on two fronts at once: kinetic threats from Yemen’s Houthis and commercial barriers from the London marine insurance market centered on Lloyd’s. The result is a growing bottleneck at the Red Sea that threatens a key remaining outlet for Saudi crude and products, […]
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This article first ran on The Energy News Beat Substack – Head over there to comment. The global oil market is once again being reshaped by simultaneous disruptions across multiple critical maritime and pipeline choke points. As of late July 2026, the Bab el-Mandeb Strait, Strait of Hormuz, Suez Canal routes, and Caspian-linked export corridors […]
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West Texas Intermediate crude hovered near $90 per barrel on July 23, 2026, with Brent trading higher in the mid-to-high $90s amid escalating disruptions across multiple global oil transit routes. Markets are reacting to simultaneous pressures on four critical choke points: the Bab el-Mandeb Strait, the Strait of Hormuz, the Suez Canal corridor, and the […]
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Oil markets are back on edge. Brent crude has surged above $90 per barrel for the first time in weeks, driven by a fresh attack on a Kuwaiti tanker in the Strait of Hormuz and renewed fighting between the United States and Iran. Early Tuesday (July 21, 2026), the UK Maritime Trade Operations (UKMTO) reported […]
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NB Pub Note: By RFE/RL staff – Jul 15, 2026 – I am old enough to remember a few years ago when a single tanker was hit by Iran, and oil jumped $30 per barrel. Russia has lost over 60% of its downstream capabilities, and in the last 3 weeks, over 90 vessels, including 20 tankers. The […]
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ENB Pub Note: This article originally ran on RHG Phoenix’s site by Randy Green. We will be visiting with them on the podcast soon. The global oil market is navigating a complex rebalancing act amid geopolitical disruptions, sanctions evasion, and shifting supply dynamics. As of mid-July 2026, Brent crude trades in the low-to-mid $80s per […]
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