Saudi city at the heart of Gulf energy logistics
US forces have carried out repeated airstrikes on Iranian military sites and Iran has launched missile and drone attacks on US-linked facilities and civilian infrastructure across the Gulf, including Kuwait, Bahrain and Jordan. CENTCOM has confirmed multiple US service deaths and a controlled detonation fatality; regional air-defence systems are intercepting incoming threats.
Tensions in the Red Sea have intensified as Houthis escalate maritime attacks and a blockade against Saudi-linked shipping. Attacks target vessels, widen regional confrontation, and threaten global energy routes amid ongoing US-Iran tensions.
A drone has struck two gas vessels at Egypt's Damietta port, igniting fires that spread between the US‑owned floating storage and regasification unit Energos Winter and the Greek‑owned LNG tanker GasLog Salem. Crews have extinguished the blazes, no casualties have been reported, and Egyptian authorities have opened a forensic investigation amid rising regional attacks on energy infrastructure.
Saudi Arabia’s East-West pipeline remains shut after drone attacks, with authorities citing precautionary measures. Supplies are being rerouted to mitigate disruption, while markets price in potential longer-term supply risk as regional tensions escalate.
Oil prices have fallen after data showed Asia is set to import its highest monthly crude volume since the US–Iran war began, while traders continue to monitor UN‑level diplomacy and regional tensions. Brent has slipped near $102 a barrel and U.S. crude is trading in the low $90s as markets weigh rising Asian flows against Middle East risks.
Missiles and drones strike at Saudi airports and oil facilities amid the Yemen conflict; multiple countries respond with air-defense interventions and troop deployments. Brent oil tops $100 as the Red Sea shipping lanes face renewed threats.