The cost of insuring Middle East oil shipments is soaring as tensions mount
Oil shipments
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global economy
Oil holds gain as US rigs data gives respite from trade gloom
Oil posted its biggest loss of the year last week – including a 5.7% drop on Thursday
Global oil demand
Saudis ramp up oil exports to the US in response to Trump
Saudi oil shipments into the US reached a four-week average of one million barrels a day last week for the first time since late 2017
Bab al-Mandab Strait
Saudis halt oil shipments through Bab al-Mandab strait after Yemen rebel attack
Two oil tankers operated by the Saudi shipping group Bahri, each with a two million barrels capacity, were attacked by Houthi rebels in the Red Sea, state giant Aramco said in a statement.