Browsing Tag

oil

Topic

#oil

152 Articles

UAE condemns hijacking of oil tanker carrying Egyptian sailors off Yemen

Wednesday May 13, 2026 The UAE has strongly denounced the hijacking of an oil tanker off the Yemeni coast, a vessel carrying several Egyptian sailors, and its later diversion into Somali territorial waters. In its statement, the UAE said the incident amounts to a direct threat to maritime security and to the safety of international shipping lanes. In a statement, the Ministry of Foreign Affairs affirmed the UAE's full solidarity with Egypt and with the families of the kidnapped sailors, and its support for efforts aimed at…

Egypt confirms oil tanker hijacked off Yemen coast, taken to Somalia

Hussien ElkabanyTuesday May 12, 2026 Egypt said Monday that an oil tanker carrying eight Egyptian sailors was seized off Yemen’s coast and transported to Somalia, deepening concerns over a renewed spike in maritime insecurity in the region. “Egypt is closely monitoring the hijacking of the tanker M/T Eureka from Yemeni territorial waters, which was taken to Somali territorial waters,” the Egyptian Foreign Ministry said in a statement. The ministry said Foreign Minister Badr Abdelatty had directed Egypt’s embassy in…

Global oil prices slip as Middle East fighting limits losses

Oil prices pulled back on Tuesday as traders weighed signs that shipping could resume through the Strait of Hormuz, even as fresh clashes between the United States and Iran kept a floor under the market and underscored the risk of wider disruption. Brent crude futures were down $4.18, or 3.6%, at $110.26 a barrel this evening, after closing 5.8% higher yesterday. US West Texas Intermediate crude dropped $4.34, or 4.1%, to $102.08, following a 4.4% rise in the previous session. Maersk said the Alliance Fairfax, a US-flagged…

Oil tanker hijacking raises fears of fresh Gulf region disruption

By Pranav Baskar and Matthew Mpoke BiggMonday May 4, 2026 A brazen seizure off Yemen has renewed fears that Somali pirates are regaining their footing — and raised fresh suspicions that they may be operating alongside Iran-backed Houthi rebels amid upheaval across the Middle East. Maritime police forces from the Puntland State region of Somalia patrolling the Gulf of Aden last year.Credit...Feisal Omar/Reuters Somali pirates hijacked an oil tanker off Yemen’s coast on Saturday and steered it into Somali waters, authorities…

Oil tanker hijacked off Yemen coast taken toward Somalia, report says

Mohamed GabobeSunday May 3, 2026 Gulf of Aden (file photo) An oil tanker has been seized by Somali pirates off Yemen’s coast, according to several Somali security officials who spoke to the BBC. Yemen’s coastguard said earlier that the MT Eureka had been hijacked and was being taken toward Somalia. Security sources said the vessel was overpowered by pirates in the Gulf of Aden, close to the port of Qana. The attackers are understood to have left a remote stretch of coastline near the seaside town of Qandala, on the Gulf of…

Yemen Coast Guard Says Oil Tanker Hijacked Off Yemen, Diverted Toward Somalia

An oil tanker was hijacked by unidentified assailants off Yemen’s coast in the Gulf of Aden and forced toward Somalia, according to Yemen’s coast guard. The agency said the tanker EUREKA was taken near Yemen’s Shabwa province by a group that “boarded, took control of it, then steered it ... in the direction of the Somali coast”. ]The coast guard, aligned with Yemen’s internationally recognised government, said it would investigate the assault. “The location of the tanker has been determined, and work is under way to monitor…

Yemen says hijacked oil tanker was headed for Somalia

By Daniel Tari and News AgenciesSaturday May 2, 2026 Pirates appear to be exploiting a widening security gap in the region, with officials saying patrols in the Red Sea have been stretched by the blockade of the Strait of Hormuz and the diversion of commercial shipping lanes. Somalia maritime police from PMPF patrol in the Gulf of Aden off the coast of semi-autonomous Puntland State State in Somalia Yemen’s Coast Guard said on Saturday that it is trying to track down an oil tanker seized off the country’s coast and now…

Oil Tanker Hijacked Off Yemen Coast, Diverted Toward Somalia

ADEN, Yemen — An oil tanker has been seized by armed men off Yemen’s southern coast and diverted toward Somali waters, Yemeni authorities said Saturday, in an incident that points to a renewed stretch of piracy at sea. The vessel, identified as M/T EUREKA, was taken near Shabwa province, according to Yemen’s coast guard. Officials said unidentified gunmen boarded the tanker while it was passing through the area and assumed control of the ship. The tanker was then steered into the Gulf of Aden and appeared to be moving toward…

Oil prices retreat after hitting 4-year high on U.S.-Iran war fears

Oil prices pulled back after a dramatic surge to a four-year peak above $126 a barrel today, as traders weighed the risk that the US-Iran war could intensify into a longer conflict and choke Middle East supplies in a way that would threaten global economic growth. The rally gathered pace earlier after Axios, citing unidentified sources, reported overnight that US President Donald Trump was due to be briefed today on plans for a series of military strikes on Iran, an effort aimed at pressuring Tehran back into talks over its…

Trump discusses months-long blockade in talks with oil companies

With oil markets on edge and diplomacy stalled, US President Donald Trump has been weighing how to cushion the fallout from a potential months-long US blockade of Iran's ports, according to a White House official, while pressing Tehran to “get smart soon” and agree to a deal. The discussion with US oil executives yesterday came after several days of impasse in efforts to end the conflict, which has prompted the United States to squeeze Iran’s oil exports through a naval blockade in an attempt to force Tehran to reopen the…