Finnish authorities boarded and searched a target vessel in the Baltic Sea on Thursday in a live drill that officials said shows how seriously the region takes the threat of undersea sabotage after a string of incidents.Finland and the wider…
Finland Run Drills to Board, Search Vessels in Subsea Sabotage Prep Read More »
Shipowners have already ordered more than twice as many supertankers this year as in all of 2025, a buying spree worth over $20 billion that is the biggest for at least 25 years, as the US-Iran war redraws trade routes and boosts demand for long-haul c…
US-Iran Conflicts Drives Increased Global Orders of Supertankers Read More »
Oil prices eased about 2% on Thursday to a one-week low, after reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above $100 a barrel on fears the Middle East conflict could widen.Brent crude futures were…
Oil Prices Fall 2% as Fears Ease of Middle East Supply Disruption Read More »
Israel’s Energy Ministry said on Thursday it plans to expand natural gas production that would boost competition within Israel and increase exports.An inter-ministerial committee headed by the ministry issued final recommendations aimed at the need to …
Israeli Energy Ministry Plans to Boost Natural Gas Output Read More »
Italy is preparing for a possible naval mission to safeguard its merchant shipping as security concerns mount in the Bab el-Mandeb Strait, Defence Minister Guido Crosetto said on Thursday.Crosetto said he and Italy’s chief of defence staff had…
Italy Prepares Navy Amidst Bab el-Mandeb Tensions Read More »