Egypt's petroleum ministry said on Tuesday that it received a report from oil and gas production company Offshore Shukheir oil Company (Osoco) about a capsized drillship in the Gulf of Suez.

British Prime Minister Keir Starmer at RAF Akrotiri in December 2024 [Ministry of Defence] ...

The Red Sea and Strait of Hormuz are no longer just trade routes but litmus tests for how the world responds to overlapping security, economic and political shocks.

The rapid rise of one-way container leasing offers cost savings, flexibility, and environmental gains, poised to disrupt ...

The strait carries 20% of global oil, and its instability threatens higher oil prices, inflation and slower GDP growth ...

Fears about supply, demand, profits and supply chains all combine into a volatile mix that delivers prices that are often ...

Hardie was a pacifist who opposed the first world war on that basis, and so was Ramsay MacDonald, who briefly lost his ...

A cargo ship suffering from ‘sudden steering failure’ careened into a busy port on the Suez Canal, forcing workers to jump out of the way in time. The Liberian-flagged RED ZED boat, which was heading ...

THIS is the jaw-dropping moment an out-of-control 700ft cargo ship smashes into Suez Canal port, sending workers fleeing for ...

Shocking footage shows the 700ft Liberian-flagged RED ZED 1 running aground, reportedly after a 'sudden steering failure' en ...