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Economic blow to European economies as Hormuz disruption threatens energy supplies
March 19th, 2026 - 10:42 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Economic blow to European economies as Hormuz disruption threatens energy supplies

ALBAWABA- A new study has warned that a near-total disruption of shipping through the Strait of Hormuz could deal a severe economic blow to European economies, as escalating Iran–Israel tensions threaten global energy flows. The research, conducted by the Supply Chain Information Institute alongside the Centre for Complexity Science and Delft University of Technology, finds that the impact would be concentrated in a small number of EU countries and would ...
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In July, Seoul’s crude shipments from the US almost tripled to 14,782 barrels from the year before.
October 10th, 2019 - 07:48 GMT

Saudi Arabia Remains South Korea’s Top Oil Supplier in Absence of Iranian Shipments

US duties on $250 billion in Chinese imports are due to rise in five days while relations deteriorated through the week.
October 10th, 2019 - 07:08 GMT

US-China Trade Talks to Resume Amid Low Expectations After US Latest Maneuver

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) has granted Nigeria a higher oil output target under an OPEC-led supply cut deal.
October 10th, 2019 - 06:57 GMT

Oil Prices Fall Amid No Significant Progress in US-China Trade Talks

Dubai almost doubled its foreign trade value in IT and telecom industry over the past decade.
October 10th, 2019 - 06:47 GMT

Dubai's Non-Oil Sector Recovers Due to Solid Increase in Sales

The companies announced the investment Tuesday, saying they will work together on broadening commercial access to space and transforming global travel technologies.
October 10th, 2019 - 06:27 GMT

Boeing Plans to Invest $20 Million in Virgin Galactic

Aramco’s regular production of 11.3 million bpd recovered faster than anticipated after the attacks of Sep. 14.
October 9th, 2019 - 10:48 GMT

Saudi Aramco to Produce 12 Million bpd by End of November

S&P Global Ratings’ base-case scenario continues to exclude a full-scale military intervention in the region or a disruption in oil production or supply.
October 9th, 2019 - 10:34 GMT

S&P Global Ratings: GCC Banks to Maintain Stable Financial Profiles In 2020

Overall, in terms of quality of life, Oman has been ranked 35th in the world among the 64 countries polled.
October 9th, 2019 - 10:31 GMT

Report: Oman Is World’s Safest Country for Expats

Right now, only iOS 13 users can update their apps and get the new Instagram theme.
October 9th, 2019 - 09:51 GMT

Instagram Rolls out Dark Mode for iPhone Users

Two-factor authentication adds an additional layer of security to the authentication process by making it harder for hackers to gain access to your accounts.
October 9th, 2019 - 09:18 GMT

Twitter Apologizes to Its Users for Another Privacy Breach

The information regarding company's move was spotted in the latest version of Google's GMS requirements.
October 9th, 2019 - 08:39 GMT

No More Android 9 Pie Devices After January 2020 Ends

In the international market on Monday, gold prices rose over $250 per ounce to $1,500 per ounce as compared to last year.
October 9th, 2019 - 08:23 GMT

Soaring Prices of Gold Affect Its Demand in India

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