Category: Middle East

Iran: three tankers hit mines in the Strait of Hormuz and were abandoned. Freight and fuel under pressure

Iran’s Revolutionary Guard said three tankers hit mines in the Strait of Hormuz, caught fire and were abandoned. An oil slick has reached the coast of the United Arab Emirates. For UK businesses, it is a sign that transport and fuel costs may stay high for a long time.

Israel election: Netanyahu’s bloc leads but has no majority. Vote counting will take until Friday

Israelis are electing the 120-seat Knesset on Tuesday, for the first time since the war in Gaza began. Polls give Eisenkot’s bloc a slight lead over Netanyahu’s, but neither has 61 seats. The result will affect the situation in the Middle East and, through it, energy prices in the UK and Poland.

Brent crude nears $112 as tankers are attacked in the Strait of Hormuz

Brent crude touched $111.99 a barrel on Tuesday – the highest in five months. The market is reacting to attacks on ships around the Strait of Hormuz.

Container ships return to the Red Sea: what the Suez comeback means for businesses in Poland and the UK

In September 1,228 ships passed through the Suez Canal – the most since December 2023. Analysts expect carriers to return fully by Q1 2027. What it means for freight and stock.