Middle East

The US Development Finance Corporation will provide political risk insurance to shipping lines at reasonable rates. Trump also warned the US Navy may escort tankers if tensions escalate and passage through the Strait of Hormuz remains unsafe.

The Fujairah Oil Industry Zone is situated on the eastern coast of the UAE along the Arabian Sea. It plays a key role in global energy trade because it allows oil tankers to operate without passing directly through the Strait of Hormuz. This is a major shipping route for the export of energy products from the Middle East.

U.S. Central Command (CENTCOM) on Sunday forcefully rejected claims by Iran’s Islamic Revolutionary Guard Corps (IRGC) that ballistic missiles had struck the aircraft carrier...

Iranian naval forces have targeted and damaged a tanker from their own "shadow fleet" in the Strait of Hormuz, leading to a fire on...

The USS Gerald R. Ford has now joined the USS Abraham Lincoln and other U.S. warships in the region, indicating that an attack on Iran can be launched anytime now.

In a swift and decisive counteroffensive, Yemeni government troops supported by Saudi Arabia have reclaimed several strategic areas in the eastern province of Hadramawt...