Bab el-Mandeb
- Jul 26
Trump says he will declare Strait of Hormuz US territory as Iran rejects the claim
President Donald Trump told a rally in Garden City, New York, that he would soon declare the Strait of Hormuz US territory, prompting Iran's deputy foreign minister to insist the waterway 'will remain Iranian.' The 60-day memorandum of understanding expires on Monday 17 August.
- Jul 26
Houthis strike Saudi Aramco facilities in Yanbu and Jizan with missiles and drones, escalating Red Sea tensions
Yemen's Houthi rebels launched ballistic missiles and drones at Aramco installations in the Saudi cities of Yanbu and Jizan early Saturday, retaliating for Saudi-led coalition airstrikes on the port of Hodeida the previous night.
- Jul 24
Houthi attacks on Saudi tankers push Brent crude above $100 as Bab el-Mandeb blockade tightens
Brent crude surged 7.4% to $101.01 on Thursday after Yemen's Houthi rebels attacked two Saudi tankers and declared a naval blockade of the Bab el-Mandeb strait, the kingdom's main export route since Iran closed the Strait of Hormuz.
- Jul 23
Oil nears $100 as US strikes Iran for 12th night and Houthis attack Saudi tankers in Red Sea
Brent crude reached $96.05 a barrel after Houthi rebels struck a Saudi tanker and the US bombed Iranian military sites for a 12th straight night, threatening two of the world's most critical oil chokepoints.
