The Saudi Ministry of Foreign Affairs has condemned Iran's targeting of the Saudi tanker Sidr while it was transiting the Strait of Hormuz, which resulted in fatalities among the crew.
Oman's Asyad Shipping has announced that it has awarded $104 million contracts to South Korea's Hyundai Heavy Industries (HHI) for the construction of two new medium range product tankers. These vessels, which are part of Asyad Shipping’s fleet expansion strategy, will be delivered in 2029.
Oil prices surged above $100 a barrel on Thursday as the escalating US-Iran conflict intensified fears of a prolonged disruption to crude supplies, with attacks on tankers and a sharp decline in shipping through the Strait of Hormuz adding to market anxiety.
Abu Dhabi National Oil Company (ADNOC) has announced that one of its vessels was targeted by a missile today while transiting the Strait of Hormuz early on Saturday (August 8). The incident resulted in no injuries, and the situation has been brought under control, said ADNOC in a statement.
Explosions hit a natural gas loading port on the Mediterranean Sea in Egypt on Wednesday, and British maritime security company Ambrey said a US-owned floating storage tanker there had been hit by a drone, said media reports in a potential spread of the Middle East war.
Iran and Israel said on Monday they had halted attacks against each other following an appeal from US President Donald Trump, while US forces simultaneously escalated pressure on Tehran by disabling an oil tanker attempting to reach an Iranian port in defiance of Washington's naval blockade.
A tanker was struck by a projectile in the Strait of Hormuz on Saturday, as US-Iran tensions flared over the vital global energy shipping route, said media reports. Bahrain was also targeted in a drone attack in Tehran’s likely response to overnight airstrikes by the US.
Several ships were hit by suspected Iranian missiles and drones in the Strait of Hormuz on Monday and a UAE oil complex was set on fire. This follows the launch of Project Freedom by US military to end the blockade of the shipping route.
Saudi Arabia’s Ministry of Energy announced the launch of the prequalification process for tenders related to the development, ownership, and operation of tanker-based compressed natural gas (CNG) distribution projects in the Riyadh and Eastern regions.
A liquefied natural gas (LNG) tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, Reuters said quoting ship-tracking data.
