Red Sea Under Siege: How Saudi Oil Tankers for India Navigate Peril by ‘Going Dark’ Amid Houthi Threats
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July 31, 2026
As Houthi attacks escalate in the Red Sea, Saudi oil tankers bound for India are reportedly switching off transponders to evade detection. This critical security challenge pushes Indian refiners to opt for 'delivered basis' crude purchases, shifting…
Global Oil Markets Brace for Volatility as Middle East Tensions Escalate, Brent Crude Nears $90
July 30, 2026
Global oil prices surged over seven percent, with Brent crude nearing $90 per barrel, driven by escalating Middle East tensions and a drawdown in US crude inventories. Threats to key shipping lanes and continued volatility are expected, impacting global…