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17.10.26 - 17:03
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Two More Tankers Hit Off Saudi Coast As Brent Tops $110 (ZeroHedge)
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Two More Tankers Hit Off Saudi Coast As Brent Tops $110
Brent crude topped $110 a barrel to end the week for the first time since May as drone and missile attacks on energy infrastructure, from the Gulf to the war in Ukraine, cast a very dark cloud over oil and products market ahead of the Northern Hemisphere winter.
The global benchmark rose 3.7% Friday, marking the second consecutive week of gains as traders ramped up bullish bets on crude ahead of the weekend.
Bloomberg reports that two tankers were struck near Jubail, a port city in Saudi Arabia.
The first tanker, 78 nautical miles northeast of Jubail, was hit by a rocket-propelled grenade fired from a small boat, causing damage but no casualties.
The second tanker, 68 nautical miles northeast of Jubail, was struck by an unidentified projectile. Its crew was reported safe and evacuated.
Two tanker attacks in the central Persian Gulf, northeast of Al Jubail, reported to happen yesterday. IRGC appears increasingly emboldened and comfortabl...
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17.10.26 - 02:54
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Why Have Saudi Air Defenses Failed To Intercept Houthi Missiles? (ZeroHedge)
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Why Have Saudi Air Defenses Failed To Intercept Houthi Missiles?
Via Middle East Eye
For years, Yemen's Houthis have demonstrated their ability to strike some of Saudi Arabia's most strategically important targets, from oil infrastructure to the kingdom's capital. But repeated missile and drone strikes on Riyadh's main international airport have raised fresh questions about the limits of the kingdom's sophisticated air defenses.
Since October 6, the strikes have killed at least 20 people and injured almost 400. The deadliest attack so far happened on 10 October when 12 people were killed and more than 300 wounded.
On Monday, the kingdom vowed a "serious" response to the attacks and less than 24 hours later, Saudi strikes targeted energy facilities in Sanaa - causing massive fires and explosions that rocked the Yemeni capital.
via AFPSo why have the latest Houthi attacks repeatedly penetrated Saudi defenses, and what do they reveal about the kingdom's ability to protect its mo...
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16.10.26 - 08:36
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Air India cancels all flights to and from three Saudi cities till October 20 (Times of India)
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In response to the escalating conflict, Air India has halted all flights to and from Saudi Arabia until October 20. This decision aligns with similar suspensions by other carriers such as Air France-KLM and Gulf Air. Affected passengers will receive refunds, as the airline prioritizes safety amidst growing operational costs, further amplified by the ongoing turbulence in the Middle East that disrupts travel and markets alike....
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