Prolonged restrictions on exports could push oil prices even higher. By Lisa Friedman Lisa Friedman is the energy correspondent in London. As Iran and its allies tightened their grip on shipping lanes ...

In another blow to global oil markets, drones struck Saudi Arabia’s East-West oil pipeline last Thursday, prompting the kingdom to suspend operations. The 1,200km (746-mile) pipeline, which carries ...

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The closure of a critical pipeline in Saudi Arabia, recent activity by Houthi rebels near the Bab el-Mandeb Strait, and the war in Iran impacting the Strait of Hormuz have compounded to push crude oil ...

Saudi Arabia is running out of places to turn. The Strait of Hormuz, through which Saudi oil exports have traditionally passed, has been largely closed to shipping for months. The kingdom’s East-West ...

Saudi Arabia has closed a critical oil pipeline after it was struck by drones launched from Iraq, with the latest squeeze reverberating through the region Saturday as attacks by Iran-backed Houthi ...

Saudi Arabia closed its East-West pipeline, a key alternative to the Strait of Hormuz for its oil exports, following multiple attacks on Thursday. The conduit was shut as a precautionary measure, the ...

Saudi Arabia has shut down a key oil pipeline after it was attacked by drones from Iraq, as repercussions of the Iran war widen. The development is more bad news for the Saudi government after the ...

Microsoft will begin reporting Azure revenue in dollars for the first time, providing more clarity about its business that competes with Amazon Web Services. The company is trimming the number of ...

Gulf retools investment playbook as Hormuz remains almost blocked Logistics top of agenda as energy export chokepoint disrupted Projects sprout across the UAE, Saudi Arabia and wider Gulf Focus on ...

TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude ...