⏱ 1 min read
If you’ve been watching the pump price board, checking flight schedules to Saudi Arabia, or just keeping half an eye on the news out of worry, this week gave you plenty of reasons to pay closer attention. The Gulf is tense again, and some of it is happening very close to Kuwait.
A tanker was struck by two unidentified projectiles just 72 nautical miles east of Ras Al Khafji in Saudi Arabia on 1 November, not far from Kuwaiti waters. At the same time, oil prices swung sharply, flights to Saudi Arabia kept getting disrupted, and talk of new US strikes on Iran grew louder. We’ve been tracking this story since Iran’s warning that a new war could last even longer, and the picture keeps shifting by the day.
⚡ The short version
- A tanker was hit by two projectiles near Ras Al Khafji, close to Kuwait, on 1 November. No one was hurt and there was no oil spill.
- Oil prices moved sharply: WTI crude fell to $101.7 a barrel, Brent dropped to $111.2, while Murban crude (the Gulf benchmark) rose to $114.8.
- US President Donald Trump says the Iran war will end
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