Multinational Maritime Defense Alliance

Built World

Announced July 30, 2026; 14 member nations led by Saudi Arabia

Brent reached $116 a barrel by November 1 as OPEC met and Saudi Arabia's economy contracted 3.8% under the cost of the war and disrupted oil exports. Saudi Arabia restarted the East-West pipeline and resumed loadings at Yanbu in late September, but attacks on tankers in the Strait of Hormuz kept traffic about 70% below prewar levels. The U.K. Maritime Trade Operations center recorded 144 maritime incidents in the Hormuz region since February 28, making October the worst month of the war.

Updated 5 days ago