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Middle East and Africa 5 days ago
Trump and Iran signal no quick end to war as tankers burn in Iraqi waters
The United States and Iran have signaled no quick end to their war, with US President Donald Trump saying it was necessary to finish the job and Iran warning that the world should be ready for oil at US$200 a barrel after striking tankers in Iraqi waters and other ships near the vital Strait of Hormuz.
Society 5 months ago
PREMIUM
Indonesian crew stranded off coast of Mozambique for nearly a year finally evacuated
The nine Indonesian crew members boarded the Gabon-flagged LNG tanker Gas Falcon in October last year. However, since November 2024, the vessel has been barred from leaving Beira, a coastal city approximately an hour’s flight from Maputo, because of legal disputes involving its owner.
Middle East and Africa 2 years ago
Cruise missile from Yemen strikes tanker ship
The attack on the tanker STRINDA took place about 60 nautical miles (111km) north of the Bab al-Mandab Strait about 2100 GMT, one of officials said. The US Navy destroyer USS Mason was there and provided aid, the officials said.
Markets 2 years ago
Growing tanker fleet, cheaper freight challenge Russian oil price cap
The arrival of new shippers working outside the purview of Western governments allows Russian firms to earn more than the $60 per barrel cap that the US and its allies had aimed to impose on Russia through sanctions.
Middle East and Africa 2 years ago
UN completes removal of oil from decaying tanker off Yemen
U.N. officials and activists have been warning for years that the entire Red Sea coastline was at risk, as the rusting Safer tanker could have ruptured or exploded, spilling four times as much oil as the 1989 Exxon Valdez disaster off Alaska.
