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Oil Fuel Fund risks Bt100bn deficit as Red Sea crisis deepens
Oil Fuel Fund risks Bt100bn deficit as Red Sea crisis deepens
THURSDAY, JULY 23, 2026
Houthi attacks on Saudi tankers threaten a key Red Sea oil route as Thailand’s Oil Fuel Fund spends Bt651 million a day cushioning higher fuel costs.Saudi oil routes face new uncertainty after Houthi tanker claims
Saudi oil routes face new uncertainty after Houthi tanker claims
THURSDAY, JULY 23, 2026
Shipping diversions and an alleged strike on the Encelia have raised fears that Saudi crude could lose its main alternative to the Strait of Hormuz.Oil hits six-week high as risks mount in two key straits, Thai pump prices rise
Oil hits six-week high as risks mount in two key straits, Thai pump prices rise
THURSDAY, JULY 23, 2026
Oil prices rose more than 3% as US-Iran attacks and Houthi threats to Red Sea shipping fuelled fears of tighter global suppliesThailand braces for fuel and trade shock as two Middle East routes face disruption
Thailand braces for fuel and trade shock as two Middle East routes face disruption
SATURDAY, JULY 18, 2026
Thailand faces higher oil, electricity and shipping costs if conflict closes Bab el-Mandeb and disrupts trade through the Red Sea and Suez CanalIran urges Houthis to prepare for possible Red Sea oil route closure
Iran urges Houthis to prepare for possible Red Sea oil route closure
FRIDAY, JULY 17, 2026
A reported Iranian request and Houthi deployments near Bab el-Mandeb could leave the Middle East’s two main oil-export corridors disrupted at the same time.From sea to sand — Gulf logistics miracle keeps trade moving
From sea to sand — Gulf logistics miracle keeps trade moving
SATURDAY, MAY 16, 2026
Gulf states are using trucks, rail, pipelines and Red Sea ports to keep trade moving as war shuts the Strait of HormuzFrance sends carrier group to Red Sea as Hormuz mission takes shape
France sends carrier group to Red Sea as Hormuz mission takes shape
THURSDAY, MAY 07, 2026
Paris says the Charles de Gaulle group will help prepare a possible multinational effort to secure Hormuz convoys if Iran and the US consent.Is Bab al-Mandeb becoming a second Hormuz?
Is Bab al-Mandeb becoming a second Hormuz?
TUESDAY, APRIL 07, 2026
A new threat to Bab al-Mandeb could deepen the global energy crisis, disrupt Europe-bound shipping and shake trade far beyond the Middle EastSix killed as tourist submarine carrying Russians sinks off Egypt's coast
Six killed as tourist submarine carrying Russians sinks off Egypt's coast
THURSDAY, MARCH 27, 2025
Six foreigners were killed on Thursday when a submarine carrying Russian tourists sank off the Egyptian Red Sea resort of Hurghada, the local governor's office told Reuters.Houthis say they are ready to escalate after US strikes Yemen
Houthis say they are ready to escalate after US strikes Yemen
SUNDAY, MARCH 16, 2025
Yemen's Houthi movement said on Sunday it was ready to "meet escalation with escalation" after US strikes targeting the Iran-aligned group over its threat to resume Red Sea shipping attacks triggered a diplomatic backlash from Moscow and Tehran.