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Saudi Arabia
Two Saudi oil tankers hit by projectiles in Strait of Hormuz
Two supertankers carrying Saudi crude were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late on Monday, in an attack that sent oil prices above $90 a barrel and raised fresh…
Saudi Arabia explores $8 billion loan as Iran war strains finances
Saudi Arabia's National Debt Management Center is in early-stage discussions with banks to raise at least $8 billion through a fresh loan, as the economic fallout from the Iran war strains the kingdom's finances and disrupts its oil sector, according…
Saudi Arabia nears renewed war with Houthis as oil routes come under siege
After weeks of escalating attacks by Yemen's Houthi militia on Saudi ships, oil facilities, and airports, Saudi Arabia appears to be preparing for a renewed military campaign against the group, according to analysts and regional officials, potentially opening a new…
Trump sends Saudi nuclear deal to Congress, ties it to Israel recognition
President Donald Trump has formally transmitted a civil nuclear energy agreement with Saudi Arabia to Congress, setting the stage for months of legislative debate over a pact that could reshape U.S. nuclear exports and Middle East diplomacy. The agreement was…
Saudi Arabia signs $7B deal to build 3 theme parks near Paris
Saudi Arabia and France on Monday signed a memorandum of understanding for a €6 billion ($7 billion) investment to construct three theme parks near Paris, in what French President Emmanuel Macron called the largest entertainment development in France since Disneyland…
Mistral and Saudi Arabia’s HUMAIN strike sovereign AI deal worth hundreds of millions
French AI company Mistral and Saudi Arabia's HUMAIN announced a strategic collaboration on Monday valued in the hundreds of millions of euros, spanning AI infrastructure, advanced model development, and the deployment of AI solutions in Saudi Arabia and across the…
Houthis claim drone strikes on Saudi airport, Aramco site
Yemen's Houthi rebels said on Thursday that they carried out two drone strikes targeting a "sensitive" site at Najran Airport and an Aramco Saudi Arabian Oil Co facility in Saudi Arabia's southern Najran region, near the Yemeni border. Saudi Arabia…
Saudi Arabia’s $50B Neom megacity grinds to a halt
Saudi Arabia's futuristic megaproject Neom has come to a standstill after the kingdom spent more than $50 billion on Crown Prince Mohammed bin Salman's vision of a sci-fi metropolis, according to a Wall Street Journal News Corp investigation published on…
Chinese refiners snap up Saudi, Iraqi crude amid Hormuz crisis
Chinese refiners are ramping up crude oil purchases from Gulf producers through multiple channels, as the ongoing Strait of Hormuz crisis and Red Sea disruptions force buyers and sellers to adapt to fractured supply routes across the Middle East.
Oil rises as Trump signals no rush to end Iran war
Oil advanced for a third consecutive day on Monday as prospects for a near-term resolution of the US-Iran conflict receded, with President Donald Trump signaling he has no interest in extending an expiring agreement with Tehran.
Houthis claim missile strike on Saudi vessel in Red Sea
Yemen's Iran-aligned Houthi militants said on Monday they struck a Saudi military ship and four escort vessels in the Red Sea with ballistic missiles, according to the group's military spokesperson Yahya Saree, who posted the claim on Telegram. The Houthis…
Houthis claim drone attack on Aramco facility in southern Saudi Arabia
Yemen's Houthi forces carried out a drone attack on a Saudi Aramco facility in Najran and launched a barrage of ballistic missiles at the Red Sea port city of al-Makha (Mocha) on Friday, killing at least six people in what…
Turkey, Saudi Arabia, Pakistan to form military bodies under new defense pact
Turkey, Saudi Arabia and Pakistan will establish political and military coordination mechanisms under the Mecca Joint Defence Agreement signed last week, Turkey's defence ministry announced on Thursday, adding that the alliance would deepen defence industry cooperation including joint production and…
Supertanker loads at Saudi Arabia’s Ras Tanura for first time in weeks
A supertanker was spotted loading crude at Saudi Arabia's Ras Tanura export complex inside the Persian Gulf for the first time in nearly a month, according to satellite imagery analyzed by Bloomberg, as the kingdom works to maintain oil exports…
Saudi Arabia, Turkey, Pakistan sign mutual defense pact in Mecca
Saudi Arabia, Turkey, and Pakistan on Friday signed a landmark collective defense agreement in the holy city of Mecca, establishing that an armed attack against any one of the three nations will be treated as an attack against all —…
Houthis kill at least 45 in attacks on Yemen gov’t camps
At least 30 Yemeni government troops were killed Thursday in Houthi attacks on military camps in the provinces of Marib and Hadhramaut, according to Reuters, with government sources warning the death toll could rise. The National reported the toll had…
Houthis claim missile strikes on two Saudi tankers
Yemen's Houthi forces claimed on Wednesday that they launched ballistic missile attacks on two Saudi oil tankers, one off the Red Sea port of Yanbu and another in the Gulf of Aden, while a separate drone strike on a Saudi…
Houthis claim missile strike on Saudi tanker off Yanbu
Yemen's Iran-backed Houthi movement claimed Wednesday that it struck the Saudi oil tanker Wafa with ballistic missiles in the northern Red Sea off the coast of Yanbu, marking the eighth vessel targeted since the group declared a maritime blockade of…
Trump calls off planned Iran strikes, says deal parameters reached
President Donald Trump announced early Sunday that he has called off planned military strikes against Iran, saying the parameters of a diplomatic deal have been reached that would require the immediate reopening of the Strait of Hormuz and an end…
Houthis deny plans to charge ships for Red Sea passage
Yemen's Houthi-run maritime coordination body on Saturday denied reports that it planned to impose fees on commercial ships transiting the Bab el-Mandeb strait, saying no such decision had been taken and that passage through the strategic waterway remained free.
Saudi Arabia launches 14-nation maritime coalition to guard Red Sea shipping
Saudi Arabia on Thursday announced the formation of a multinational maritime defense alliance with 13 other nations to protect shipping in the Red Sea and the Bab al-Mandab Strait from escalating Houthi attacks. The announcement follows a July 20 declaration…
U.S., Saudi Arabia launch joint strikes on Iran-backed militias in Iraq
U.S. and Saudi forces carried out joint precision airstrikes in eastern Iraq on Tuesday targeting Iran-backed militias, U.S. Central Command announced, marking an escalation that came hours after CENTCOM confirmed intercepting an Iranian ballistic missile attack aimed at American forces…
Houthis vow retaliation after Saudi strikes hit Hodeidah
The Saudi-led coalition launched airstrikes against Houthi military positions in Yemen's Hodeidah governorate on Friday, escalating a confrontation that began earlier in the week when Houthi forces attacked two Saudi oil tankers in the Red Sea. The strikes mark a…
Trump ties Saudi nuclear deal to Abraham Accords
President Donald Trump declared Thursday that the civil nuclear cooperation agreement signed this week between the United States and Saudi Arabia is contingent on Riyadh joining the Abraham Accords and normalizing relations with Israel — a condition that was absent…
Oil surges to six-week high as tankers reroute after Houthi blockade of Saudi Arabia
Oil prices surged to their highest level in nearly six weeks on Wednesday, July 22, with Brent crude briefly topping $95 a barrel as escalating U.S.-Iran hostilities and a new Houthi blockade of Saudi Arabia threatened two of the world's…
Houthis strike two Saudi oil tankers in Red Sea blockade’s first enforcement
Yemen's Houthi movement attacked two Saudi oil tankers in the Red Sea on Wednesday, marking the first enforcement of the group's declared maritime blockade against Saudi Arabia and escalating a conflict that has already choked two of the world's most…
Trump approves nuclear deal that could let Saudi Arabia enrich uranium
President Trump has formally approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium on its own soil, according to multiple U.S. officials. The deal, worth tens of billions of dollars,…
Houthis declare naval blockade against Saudi Arabia
Yemen's Iran-backed Houthi movement declared a naval blockade against Saudi Arabia on Monday, announcing an immediate maritime embargo against the kingdom in what the group framed as retaliation for nearly 12 years of siege on Yemen's ports and airports.
Trump tentatively agrees to let Saudi Arabia enrich uranium without standard safeguards
The Trump administration has tentatively agreed to allow Saudi Arabia to enrich uranium without requiring the kingdom to adopt international safeguards designed to prevent nuclear weapons development, according to a CNN report published Friday based on sources and documents reviewed…
Saudi Arabia becomes top buyer in Taiwan’s booming drone industry
Saudi Arabia purchased $47.2 million worth of drones from Taiwan in June, the largest single-month UAV export to any country since Taiwan began publishing detailed trade data in 2023, according to Bloomberg. The deal marks a commercial breakthrough for Taiwan's…