United Arab Emirates — Page 37

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(LEAD) S. Korea secures 273 mln barrels of crude oil, 2.1 mln tons of naphtha by year-end: presidential aide

South Korea's presidential chief of staff announced that the country has secured 273 million barrels of crude oil and 2.1 million tons of naphtha from Middle Eastern nations, enough to sustain the economy for over three months. The supplies will be shipped via alternative routes bypassing the Strait of Hormuz, amid ongoing Middle East tensions. Additional measures include covering extra shipping costs for alternative crude imports.

1 outlet · 5 articles Apr 15, 2026

Saudi Arabia pledges $3bn fresh deposit, extends $5bn facility through 2028

Saudi Arabia has pledged an additional $3 billion in deposits to Pakistan and extended an existing $5 billion facility for three more years, providing a critical buffer as Islamabad prepares to repay a $3.5 billion loan to the UAE. The funds, announced during the IMF-World Bank Spring Meetings, are expected to shore up Pakistan's foreign exchange reserves, though analysts warn of persistent external financing risks.

2 outlets · 8 articles Apr 15, 2026

How many ships have passed the Strait of Hormuz and how many were attacked?

Shipping traffic through the Strait of Hormuz has dropped sharply since the US-Iran conflict began, with only a handful of vessels transiting daily compared to a pre-war average of 140. The US military has redirected dozens of ships since imposing a blockade on Iranian ports, while Iran has announced the strait is open but under its own conditions. Shipping companies remain cautious, citing mine risks and the need for clarifications.

3 outlets · 5 articles Apr 14, 2026