Oil and gas sector

While You Were Sleeping: 5 stories you might have missed, July 23, 2026

A nuclear power deal between the US and Saudi Arabia will allow the kingdom to build nuclear reactors using American technology and to enrich uranium.

Trump threatens Iran’s infrastructure after Houthis block Red Sea artery

A 2024 image released by the US military shows a bulk carrier slowly taking on water and leaking oil after being hit by Iran-backed Houthi militants in the Red Sea.

More ships change course in Red Sea after Houthi threats, data shows

A 2024 photo shows a Greek-registered tanker burning in the Red Sea after an attack by Yemen’s Iran-aligned Houthi militants.

Asian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats

Yemen’s Iran-aligned Houthis have threatened to impose a naval blockade on Saudi Arabia.

IEA says Middle East fighting increases energy concerns

Saudi Arabia’s main alternative route of using a pipeline to load tankers in the Red Sea port of Yanbu is under threat as the Houthis had declared they would blockade Saudi Arabia’s ports.

Shares unsettled as oil climbs, earnings loom for AI

Just a handful of ships transited the Strait of Hormuz on July 19 and one was reported to be on fire.

Oil jumps after Middle East attacks hit energy asset, shipping

The US and Iran escalated hostilities over the weekend, including the targeting of ships attempting to transit through the Strait of Hormuz.

Hin Leong’s $3.4 billion claim against Deloitte struck out by apex court

The Court of Appeal has determined that Hin Leong’s trading losses were “not reasonably foreseeable” by Deloitte when it undertook the engagement.

Iran risks overplaying its hand on Hormuz

Video footage taken from Iran’s Revolutionary Guards website claiming to show a missile launch aimed at US targets in the Gulf.

US launches new Iran strikes, reimposes naval blockade

A fire burning at the port of Kish Island in Iran, in a screengrab taken from a social media video released on July 14.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.