- The world faces a shortfall of refining capacity which is keeping gasoline prices elevated. - Ukraine's drone strikes on Russia and Iran's attacks in Persian Gulf have knocked out millions of barrels per day of capacity. - U.S. refiners, meanwhile, are raking in bumper profits as they race to ease the disruption.
- The world faces a shortfall of refining capacity which is keeping gasoline prices elevated. - Ukraine's drone strikes on Russia and Iran's attacks in Persian Gulf have knocked out millions of barrels per day of capacity. - U.S. refiners, meanwhile, are raking in bumper profits …
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Saudi Arabia reported intercepting Houthi missiles targeting Riyadh and the Eastern province. Concurrently, the Houthis reported that 33 people were killed in a coalition air attack on a village near Sanaa.
Reuters reports that the Saudi-led coalition intercepted and destroyed two missiles near Riyadh. The agency stated that the missiles were launched by the Houthis, a Yemeni rebel movement identified as Ansar Allah.
US Central Command reported that US forces disabled a St. Kitts-flagged commercial vessel in the Gulf of Oman after it ignored warnings and attempted to leave the region following a visit to an Iranian port. The command stated that US forces have been enforcing a naval blockade on Iran in and around the Strait of Hormuz for months.
The last confirmed US strike on a cargo vessel occurred nearly a month ago in the Gulf of Oman.
Russian observers noted that the Republican defeat in the U.S. midterm elections could lead to increased support for Ukraine when Democrats take over Congress in January. Kremlin spokesperson Dmitry Peskov stated that the Kremlin hopes President Donald Trump will continue to pursue his peace efforts regarding the conflict.