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Crude oil surges as Brent nears $100 after the US announces an indefinite extension of the ceasefire with Iran

Business Staff Writer -
Brent and WTI rise as markets react to Washington’s extension of the Iran ceasefire. Crude oil futures spiked early on Wednesday, with Brent crude rising...

What alternative routes can Gulf countries use instead of the Strait of Hormuz for backup?

Energy Staff Writer -
Ambitious proposals, such as a canal linking the Gulf to the Arabian Sea, remain largely theoretical. Dubai: Disruptions to shipping through the Strait of Hormuz...

WTI drops more than Brent as diplomacy hopes ease Middle East risk premium

International Staff Writer -
Saudi Arabia cancels licences of 11 recruitment offices over regulatory violations. Saudi Arabia’s Ministry of Human Resources has revoked the licences of 11 recruitment offices...

Saudi Arabia’s decision to raise Saudisation rates to 60% in marketing and sales roles comes into effect.

International Staff Writer -
New rule covers more than 20 professions. Ministry of Human Resources and Social Development has begun enforcing new decisions to raise Saudisation rates in marketing...

Tracking data shows increased ship traffic through the Strait of Hormuz despite the blockade.

International Staff Writer -
Even as tensions rise, tankers keep moving through the strategic energy chokepoint, with some altering routes. The Strait of Hormuz, a key corridor for global...
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