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Analysts said they expected the price of Brent crude, the international benchmark, to remain elevated for the rest of the year.
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Ship operators already faced severe risks in navigating the region, and now the danger is higher as Houthi militias assert control in the Red Sea.
Iran and its allies now hold sway over two key oil shipping routes, and Tehran is setting the stage for a diplomatic win that could enhance its stature.
A drone attack from Iraq forced Saudi Arabia to close its East-West pipeline, the kingdom said, threatening a key workaround to Iran’s Persian Gulf blockade.
In a new show at David Kordansky Gallery, the Iranian American painter Tala Madani plumbs the lives of her characters with absurd humor and a strange tenderness.
A strategic location on the Red Sea afforded the city centuries of trading dominance — and makes it a coveted target in today’s fighting in the Middle East.
The Lebanese city of Tyre, one of the oldest metropolises in the world, has been left scarred.
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