Saudi Arabia
Riyadh-led OPEC+ raises quotas as region teeters on escalation
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
The UAE's energy ministry said a collision between two oil tankers near the Strait of Hormuz was likely caused by a navigational misjudgement by one of the vessels.
After Iran and Israel began firing missiles at each other last week, interference has disrupted navigation systems near the Strait of Hormuz © Mena Today
The UAE's energy ministry said a collision between two oil tankers near the Strait of Hormuz was likely caused by a navigational misjudgement by one of the vessels.
In a statement on Wednesday, it cited preliminary information and did not draw any link with an upsurge in electronic interference during the conflict between Iran and Israel.
The Adalynn and Front Eagle oil tankers collided and caught fire on Tuesday 24 nautical miles off the coast of the UAE in the Sea of Oman. No injuries to the crew or any spillage were reported.
After Iran and Israel began firing missiles at each other last week, interference has disrupted navigation systems near the Strait of Hormuz, a waterway between Iran and Oman that handles about a fifth of the world's seaborne oil.
Tehran has not commented on Tuesday's collision or reports of electronic interference.
Reporting by Ahmed Elimam and Maha El Dahan
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
President Donald Trump said late on Saturday the U.S. would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
US embassies in Jerusalem, Baghdad and Amman issued security alerts Saturday urging American citizens to exercise "heightened vigilance," as tensions flare between Iran and the United States. Americans were also told to "consider departing, or be prepared to depart should there be escalation."
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