The Saudis found an escape hatch for some of the world’s oil. The Houthis could slam it shut

Houthis rally in solidarity with Iran and Lebanon, amid the US-Israeli war with Iran, in the Yemeni capital…
#NewsBeep #News #Headlines #crudeoil #EnergyAspects #Houthis #Oil #oilprices #oiltankers #StraitofHormuz #World #Yanbu
https://www.newsbeep.com/461753/

Trump’s new red line could set the Iran war on a fateful course

On Friday, President Donald Trump said he was considering “winding down” his war with Iran. But a day…
#NewsBeep #News #Headlines #chrismurphy #DonaldTrump #Iran #Israel #oiltankers #politicalconsequences #powerplants #StraitofHormuz #supremeleaderalikhamenei #World
https://www.newsbeep.com/449994/

Amid Iran foreign minister Abbas Araghchi’s Strait of Hormuz update comes a Chinese yuan report

Amid Iranian foreign minister Abbas Araghchi saying the Strait of Hormuz was open to all countries except the…
#NewsBeep #News #Headlines #Chineseyuan #IranianForeignMinister #oiltankers #StraitofHormuz #USDollar #World
https://www.newsbeep.com/435895/

Scores of #oiltankers are sitting on either side of the #StraitOfHormuz, unable to move, and #vulnerable to Iranian #attack. Unable to move, that is, unless they are carrying Iranian oil.

Iran's supreme leader said on Thursday the strait would remain closed, and a defence spokesman said no oil would pass through that could assist the #UnitedStates or #Israel.

Having provoked this situation, the United States has so far #declinedToHelp, with the US military reported to have #turneddown numerous #requests from around the region to #escort oil tankers or other civilian ships through the strait. Donald #Trump has suggested that the US and its allies could provide military escorts to ships crossing the waterway "when the time comes". #NeverTrustTrump

Is there any other way of getting the 20 million barrels of oil a day that usually flows out of the Gulf to global customers? Well, yes, there is one way to get at least some oil out.

In the 1980s, #SaudiArabia built a 1,200 km-long pipeline — the East West Pipeline — across the width of the #ArabianPeninsula to carry oil that would normally be exported via the Gulf to the #RedSea.

The Financial Times reports that a "flotilla of #supertankers is steaming towards Saudi Arabia's Red Sea coast as the kingdom rushes to reroute oil exports trapped in the Gulf by the Iran war".

"About 30 so-called very large crude carriers, each capable of carrying more than 2 million barrels of oil, are heading to the kingdom's western port of Yanbu over the coming days, according to ship-brokers, compared with a long-term average of about two a month."

But the new route carries its own dangers, the FT notes. "To enter the Red Sea from the south, the tankers will need to brave the Bab al-Mandeb Strait, where ships have been struck in recent years by #Yemen's #Houthi militants — and which is also within range of some Iranian missiles."

#uspol #auspol #EpsteinWars #TrumpRegime #Iran #oil

https://www.abc.net.au/news/2026-03-13/iran-israel-war-daily-news-briefing-laura-tingle/106446802

Oil Tankers Attacked Off Iraq as Middle East Crisis Worsens

Bloomberg (Bloomberg) — Two oil tankers were hit in Iraqi waters, the latest in a string of attacks…
#NewsBeep #News #Headlines #Bloomberg #hormuz #Iraq #IraqiNewsagency #MinaAlFahal #oiltankers #oilterminals #OmanNewsAgency #PersianGulf #Territorialwaters #UKMaritimeTradeOperations #World
https://www.newsbeep.com/431106/

#Trump says stopping ‘evil empire’ higher priority than high #oil prices & #inflation
Oil #prices surged in the #US following more #Iran attacks on #OilTankers.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money. BUT, of far greater interest & importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, & destroying the Middle East &, indeed, the World. I won’t ever let that happen!”Trump posted.

RE: https://fairdinkum.one/@John/116212353024057559

#Explosions were reported on two foreign #oiltankers in the #PersianGulf near the port of #Basra.

The head of the General Company for Iraqi ports says it has rescued 38 crew members from the vessels, and one person has died, in comments cited by the Iraqi news agency.

Search and rescue operations are ongoing.
Ship tracking websites show the two tankers suspected of being attacked surrounded by rescue boats.

#USPol #auspol #TrumpRegime #EpsteinWars #Iran #NeverTrustTrump