ablaze

Iran-linked attacks set two fuel tankers ablaze in Iraqi waters as Tehran escalated strikes on oil and transport infrastructure across the Middle East, warning the world to be “ready for oil to be 200 dollars a barrel.” The flare-up, coming as the joint U.S.-Israeli air campaign in Iran neared its second week, further rattled energy markets already reeling from disrupted Gulf shipping and a looming record release of strategic oil reserves. Port officials and maritime security firms said explosive-laden boats appeared to have…

Somali traders count losses after cargo ship bound for Bosaso burns in Indian port Rapid response, heavy losses BOSASO — A commercial vessel chartered by traders in Somalia’s northeastern Puntland State state caught fire early on Monday while anchored off Porbandar in India’s Gujarat state, leaving burned cargo, a shaken crew and questions about the fragility of food supply chains that stretch from South Asia to the Horn of Africa. The ship, identified by Indian authorities as Jamnagar and reportedly operated by HRM and…