Egypt expands commercial navy with two giant cargo vessels

Egypt took a significant step in its bid to dominate Red Sea and Mediterranean trade routes on Friday, taking delivery of two massive 82,000-ton dry bulk carriers from China’s New Hantong Shipyard. The vessels—named the Wadi El-Nile and Wadi El-Qamar—were officially handed over to Egypt’s National Navigation Company (N

US forces fired missiles to disable a commercial vessel attempting to breach the naval blockade on Iran on Tuesday, as Tehran declared the Strait of Hormuz will remain closed until Washington meets its conditions, including ending regional conflicts. The Blockade Strike US Central Command (CENTCOM) reported that an MH6

U.S. oil had risen as much as 3% earlier in the day after President Donald Trump demanded that Iran pay reparations to the U.S.