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According to Saudi Arabia's Al Arabiya TV, military sources say that Yemeni government forces have completed control of the Bab el-Mandeb Strait and the area has been cleared.

2026-10-09

According to Saudi Arabia's Al Arabiya TV, military sources say that Yemeni government forces have completed control of the Bab el-Mandeb Strait and the area has been cleared.

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2026-10-10

USDA October estimate: Brazil 2026/27 soybean production 186 mln tonnes, unchanged from September; Argentina 2026/27 soybean production 50 mln tonnes, unchanged.

USDA October estimate: Brazil 2026/27 soybean production 186 mln tonnes, unchanged from September; Argentina 2026/27 soybean production 50 mln tonnes, unchanged.
2026-10-09

Vitol CEO Russell Hardy said ship-to-ship transshipments in the Gulf of Oman are sustaining Middle East exports and warned that without them oil could reach $200/bbl, adding Western inventories have little left to draw on. STS activity has surged in

Vitol CEO Russell Hardy said ship-to-ship transshipments in the Gulf of Oman are sustaining Middle East exports and warned that without them oil could reach $200/bbl, adding Western inventories have little left to draw on. STS activity has surged in recent weeks; some estimates put flows through the Strait of Hormuz at or above pre-war ~20 mln b/d. Hardy said the energy shock is turning into a shipping crisis: shuttle movements through the Strait are highly inefficient, tying up global tanker capacity and driving freight to record levels. Data show average daily earnings for crude tankers topped $500,000/day in early October, roughly ten times the 2025 average. Saudi-to-Rotterdam transport costs have jumped from about $2/bbl to over $35/bbl, adding further upward pressure on fuel prices.
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