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06.08.26 - 15:48
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Yemen War Reignites As Houthis Intensify Saudi Shipping Attacks, Ground Assault, With Hormuz Deal ′Close′ (ZeroHedge)
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Yemen War Reignites As Houthis Intensify Saudi Shipping Attacks, Ground Assault, With Hormuz Deal 'Close'
Yesterday witnessed at least the eighth Saudi oil tanker attacked by the Houthis since the maritime blockade began on July 22, which is being followed by reports the Yemeni rebel group backed by Iran could be preparing for all-out war with Saudi Arabia.
The group struck two Saudi oil tankers in the Red Sea on Wednesday and coupled the action with a threat to intensify attacks in order to close "all access routes" to Saudi oil shipments. Military spokesman Brig. Gen. Yahya Saree confirmed that ballistic missiles were launched at a Saudi tanker called Wafa near the Saudi port city of Yanbu.
A second oil tanker identified as Daisy was subsequently hit in the Gulf of Aden with a ballistic missile and "forced to turn back" - the spokesman said in a social media post. The Houthis are dubbing it a "blockade for blockade" strategy.
via AFP
But it seems the Saudis ...
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05.08.26 - 08:48
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Video game maker EA bought by Saudi-led group for $55bn (The Guardian)
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Company acquired in deal involving Affinity Partners, a firm run by Donald Trump's son-in-law Jared KushnerElectronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia's wealth fund and a group of investors for $55bn (£41bn).The company announced the completion of the deal on Tuesday evening, only days after the EU gave its approval, the final regulatory green light needed. Continue reading......
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04.08.26 - 14:57
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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week (ZeroHedge)
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Saudi Aramco Profit Soars As CEO Warns Hormuz Closure Removes 100 Million Barrels A Week
Saudi Aramco, the world's largest oil producer by volume, reported a 33% jump in second-quarter profits on Tuesday as the war-driven surge in Brent crude, which averaged $97 a barrel, boosted earnings. The company maintained export flows by redirecting crude around the disrupted Strait of Hormuz through its East-West Pipeline to the Red Sea.
Adjusted net income for the quarter surged to $33.4 billion from $25.2 billion a year earlier, beating the Bloomberg Consensus estimate of $31.1 billion. Aramco sold oil at an average of $108.10 a barrel, up from $66.70, while Brent averaged nearly $97 during the quarter.
Aramco heavily relied on its East-West Pipeline, storage facilities, and Red Sea energy terminals to maintain export flows as the Hormuz chokepoint came to a standstill for the quarter. Nevertheless, liquids production plunged 28% to 7.57 million barrels a day, while natural gas output tumbled 16%.
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04.08.26 - 13:37
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Huthi im Jemen: Haben Ziel in Saudi-Arabien angriffen (DPA-AFX)
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SANAA (dpa-AFX) - Die Huthi im Jemen haben einen Angriff auf Saudi-Arabien für sich reklamiert. Die vom Iran unterstützte Miliz habe ein militärisches Ziel am saudi-arabischen Flughafen Nadschran unweit der jemenitischen Grenze mit einer Drohne angegriffen, ......
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