Both Brent and WTI were set to gain more than 3 per cent on a weekly basis
The Suez Canal, is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years
Red Sea shipping disruptions having a ‘cascading impact’ said the shipping giant
The tensions in the region have led to a sharp drop in commercial vessel voyages through the Red Sea and Gulf of Aden
His visit to Muscat follows regional travel last week where he met with leaders in Israel, Qatar and Turkey
The 32nd Arab League summit brings together 22 member countries and five observer nations in Saudi Arabia’s coastal town
Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects
It has already deployed the the guided-missile destroyer USS Cole to patrol the waters of the UAE
The US is sending its guided missile destroyer warship, the USS Cole, which will make a port call in Abu Dhabi
The coalition later said that it carried out airstrikes on “legitimate military targets” in Sana’a
The interception resulted in scattered debris over some residential areas, with no damages reported
Shrapnel and fragments fell across the residential neighbourhood of Al-Araysah
The Abha International Airport has faced several drone attacks in recent months
The UAE denounced the statements made by George Kordahi, Lebanese Minister of Information
The Abha International Airport has faced numerous drone attacks in recent months
Those injured included passengers as well as airport staff
The coalition said falling debris from the drone – which was intercepted and destroyed – injured four workers at the airport
The kingdom’s defence forces intercepted and destroyed three ballistic missiles and three bomb-laden drones on Saturday
Shrapnel was scattered in the vicinity of the airport, but there were no reports of injuries or damage
The incident took place on Sunday
The Houthis have been frequently targeting the kingdom with explosive-laden drones in recent weeks
No injuries were reported in the incident
Coalition forces in the kingdom destroyed five ballistic missiles and four armed drones launched from Yemen in the latest attacks
The Houthis have stepped up missile and drone strikes against Saudi Arabia in recent months
The move follows an escalation in drone and missile attacks by the Houthis on the energy infrastructure and airports of the world’s largest oil exporter
A storage tank in the Ras Tanura terminal was attacked by a drone while a missile also landed near a residential compound for Saudi Aramco employees in Dhahran
This attack comes after the rebels said earlier today they attacked King khalid military base in southern Saudi Arabia with two bomb-laden drones
The amount will help fund international programmes that meet the medical, nutritional, and food security needs of the country
The kingdom also intercepted and destroyed six armed drones targeting the southern region, Jazan and Khamis Mushait
This is the third armed drone attack targeting Abha airport in recent days