Ship attacked by Houthi rebels sinks in Red Sea
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MUSCAT: The official price of Oman crude oil for September delivery rose by $1.28 on Tuesday, settling at $72.17 per barrel, up from $70.89 the previous day. However, the monthly average price for Omani crude in July fell to $63.62 per barrel, marking a $4.25 decline compared to June’s average.
Describing the truce, Oman’s foreign minister said that “neither side will target the other, including American vessels, in the Red Sea and Bab al-Mandab Strait, ensuring freedom of navigation ...
Iran is set to completely close off the strategically critical maritime chokepoint famously known as the Strait of Hormuz after the United States