News sources suggest two tankers operated by Frontline and Bernhard Schulte have been damaged off the coast of Fujairah in the United Arab Emirates

The UAE and Saudi Arabia have opened up and started operating a pipeline for oil exports which bypasses the Strait of Hormuz. The new link is expected to double the total pipeline capacity to 6.5million barrels a day, according to reports. The move will also reduce Iran’s power over oil markets as the country has […]