Saudi Arabia has announced that a cruise missile was intercepted and destroyed east of Al-Kharj Governorate.
Attacks on commercial shipping in the Gulf intensified on Thursday as the war between the US and Iran escalated, raising concerns about disruptions to energy supplies from one of the world’s most critical oil transit routes. Nine vessels have come under attack since the conflict broke out on Saturday.
The effective closure of the Strait of Hormuz following the outbreak of the Iran conflict, is likely to be temporary given its vital economic role. This, alongside global oil market oversupply, should limit oil price rises and mitigate any potential disruptions to Iranian oil supply, said an industry expert.
India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels as conflict escalates in the Middle East.
The foreign ministers of the Gulf countries and the European Union (EU) strongly condemned the unjustified Iranian attacks targeting GCC states, considering them a direct threat to regional and global security. In a joint statement issued after an extraordinary meeting, the ministers called on Iran to immediately halt its attacks.
A United States submarine torpedoed and sank an Iranian warship in international waters off Sri Lanka’s southern coast on Wednesday, US Defense Secretary Pete Hegseth confirmed, in an incident that has heightened tensions in the Indian Ocean.
Saudi Arabia said on Wednesday that an attempted drone strike targeted the Ras Tanura Refinery, the Kingdom’s largest oil processing facility, but caused no damage and did not disrupt supplies.
An emergency GCC-EU Ministerial Meeting will be held tomorrow (March 5), reported SPA citing Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi. The meeting will bring together, the foreign ministers of the GCC states and the European Union (EU) member states.
The Government of Dubai has confirmed that firefighting teams successfully extinguished the fire that broke out on a huge Kuwaiti oil tanker after an Iranian drone attack off Dubai waters early on Tuesday.
US President Donald Trump has said in an interview with Financial Times that he wanted to "take the oil in Iran" and could seize the export hub of Kharg Island.
