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2026-08-24T13:31:08.000Z

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Oil drops over 1% before Iran sanctions

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Saudi Aramco signs $3.7B deals with France

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Saudi Aramco signs $3.7B deals with France

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Saudi Finance Ministry Signs $5B French Credit Line

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23 Hrs2026-08-24T16:35:31.687Z
Saudi Finance Ministry Signs $5B French Credit Line

Top Saudi sports logos | Al-Eqtisadiah

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23 Hrs2026-08-24T16:06:09.081Z
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Iran bans ships crossing Strait of Hormuz

Iran bans ships crossing Strait of Hormuz

The article reveals that Iran has blocked the passage of 46 ships through the Strait of Hormuz, considering them to be in violation of navigation rules, and has threatened to confiscate or detain them. It emphasizes that about 37% of these vessels are operated by Gulf-based companies, amid Iran's threats to cut oil exports if subjected to American sanctions. Data indicates that approximately 10 ships are currently stranded in the Gulf waters, most of them off the coasts of Qatar, Saudi Arabia, and the United Arab Emirates. More than a third of the ships listed are owned by Gulf companies, including ADNOC and the Kuwaiti Marine Transport Company. There have been repeated attacks on tankers in the strait, including the Qatari "Rokiyat" tanker and several Saudi tankers, amidst escalating tensions with Iran. Tehran has threatened to block the passage of oil through the strait if American sanctions continue, as the United States intensifies its financial campaign against Iran to cut off the regime’s funding sources.

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