International naval coalition
Appears in 1 story
Announced July 30, 2026; 14 member nations led by Saudi Arabia
The September 14 postponement of Iran-Gulf talks on a temporary Hormuz shipping route pushed Brent above $108 a barrel. Saudi Arabia then cancelled September-loading crude cargoes to European buyers and suspended loadings at the Red Sea port of Yanbu, after a September 11 drone attack shut the East-West pipeline that bypasses the strait. Buyers and traders say Saudi could exhaust its exportable crude within days; Goldman Sachs puts repair time at 'very soon' to eight weeks.
Updated 5 days ago
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