EDITOR'S ANALYSIS
As oil soars, experts watch Red Sea tankers for clarity on Houthi blockade
Houthi attacks for now are shaping who moves Saudi crude, not whether it moves, analysts say, even as oil prices soar.
![America's war on Iran has cost the US nearly $110 billion. Now, the Trump administration wants another $67 billion. [Al Jazeera]](/wp-content/uploads/2026/07/image-1784844245.jpg?resize=770%2C513&quality=80)
![Protesters in Shetland campaigning against the proposed oil drilling project [Photos courtesy of Andrea Sanchez Quiroz]](/wp-content/uploads/2026/07/Shetland-Stop-Rosebank-1784806074.jpeg?resize=770%2C513&quality=80)
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EXPLAINER
Iran war’s $37bn price tag: Why does the Pentagon want $67bn more?
The US must rapidly replenish its stockpiles of weapons as the war on Iran rages on.
EXPLAINER
Saudi Arabia slams Houthi blockade: How will rest of the world be impacted?
Saudi Arabia has condemned the Houthi naval blockade that could impact oil flow to importers of Saudi oil.
EDITOR'S ANALYSIS
Iran war: Look beyond stocks to understand state of economy, experts say
Yields on 10-year US Treasury bills, a bellwether for inflation, are up 60 basis points since the start of the Iran war.
US attacks Iran for 10th consecutive night
Washington vows revenge for US military casualties, while Iran claims attacks on US sites across the region.
EU pauses methane penalties amid energy crisis, US pressure
The European Commission says waiving penalties will ensure the security of energy supply.
Petrol prices climb as US–Iran tensions disrupt markets
US petrol prices reach $4.00 per gallon (3.78 litres), marking the second week of increased costs for consumers.
EXPLAINER
Yemen’s Houthis declare naval blockade of Saudi Arabia: What to know
Yemeni group says the announcement is based on the principle of ‘an eye for an eye’.
Iraq signs 48 deals with US companies during PM’s visit to Washington
The deals include rebuilding the long-defunct Iraq-Syria crude oil pipeline, which could bypass the Strait of Hormuz.
Iraq signs deals with Western oil firms, including to revive Syria pipeline
Deal with Chevron aims to rebuild a crude oil pipeline that runs from Iraq’s oil-rich Kirkuk to Syria’s Baniyas.
Beyond LNG: Berlin’s red-carpet diplomacy signals a bigger bet on Algeria
Germany, stripped of Russian pipeline gas, received Algeria’s president with military honours and talked about LNG.
