Dubai Firm Cuts Deal for New Port to Bypass Strait of Hormuz
A Dubai-based logistics giant announced a deal with the United Arab Emirates on Wednesday to develop a new port system that would bypass the Strait of Hormuz, a vital waterway…
Houthis Threaten Red Sea Blockade, Putting Oil Market at Greater Risk
Threats from the Iran-backed Houthi militant group this week to block Saudi Arabia’s use of the Red Sea risk cutting off a crucial alternative path for Mideast oil and further…
Houthis in Yemen Declare Red Sea Blockade on Saudi Arabia
The Iran-backed Houthi militia in Yemen on Monday said it would impose a maritime blockade on Saudi Arabia, a U.S. ally, in a move that threatened to open a new…