Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war.The attacks sent the price of oil surging, with benchmark Brent crude LCOc1 futures breaching $100 a barrel for the first time since July.
The Middle East war intensified on Tuesday with Iranian-backed Houthis in Yemen launching strikes on several Saudi cities, further embroiling a U.S. ally in the conflict, while U.S. forces hit multiple Iranian oil tankers and Iran targeted a U.S. base in Jordan.The Houthis attacked four cities in the south of Saudi Arabia
Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran.President Donald Trump, who abruptly called off a two-week U.S.
Iran's Islamic Revolutionary Guard Corps has threatened to close "all other export corridors that benefit the U.S. and its allies", Iranian media reported, after Iran shut the Strait of Hormuz and the U.S. reimposed a naval blockade of Iranian ports."Regional energy exports are either shared by all, or denied to all
U.S. forces on Monday conducted strikes in southern Iran against targets including boats attempting to lay mines and missile launch sites, in what it described as defensive actions.The strikes came as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister on a potential deal with the U.S.
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
McAllister Towing’s newest tractor tug, the Gerard McAllister, was delivered from Washburn & Doughty, the fifth in a series of six 84-metric-ton bollard pull, low-emission tractor tugs. She is McAllister’s 42nd tractor tug and the 13th with over 80 metric tons of bollard pull, underscoring the company’s continuation toward a more powerful, hi-tech, and sustainable fleet.
The U.S. launched a barrage of airstrikes against Iran on Tuesday, prompting Iranian retaliation, in the most serious escalation in weeks in a conflict that has driven up global energy prices and weighed on President Donald Trump's popularity at home.The U.S. military said late on Tuesday it completed its latest wave of strikes on Iran. U.S.
Iran's energy hub of Kharg Island is being blown to smithereens, U.S. President Donald Trump said on Sunday, after forces hit two rocket launchers on another island in the first known American strikes on the Islamic republic since late July.Attacking Kharg, which handled 90% of Iran's oil exports before the war launched by U.S.
Seatrium Limited announced a new contribution of about USD$1.33 million (S$1.7 million) to enhance the Seatrium Professorship at the National University of Singapore College of Design and Engineering (“NUS CDE”). This reinforces a partnership with NUS CDE to advance innovation and collaboration in energy transition and sustainable offshore technologies, including ocean renewable energy.
The Metals Company (TMC) has signed a commercial agreement with offshore contractor Allseas for the development and operation of what the companies said would be the first commercial deep-sea nodule recovery system.The agreement covers the development, commissioning and operation of a nodule collection system in preparation for offshore recovery operations in the Clarion Clipperton Zone of the
German propulsion specialist Schottel has established a new subsidiary in the United Kingdom to strengthen its market presence in Britain and Ireland and expand customer support.Schottel UK will primarily focus on newbuild and retrofit sales, aiming to provide on-site support and tailored assistance for designers, builders and owners throughout the specification and procurement process.