The United Nations has purchased a large tanker to store roughly 1.1 million barrels of oil. the oil is currently stored on a decaying vessel of the coast of Yemen, and officials have been warning that an environmental disaster is imminent for several years. The oil will be transferred to the UN’s tanker in a bid to protect the Red Sea and Yemen’s coastline from an oil spill.
Terminal News
US-Iran Ceasefire Lauds Oil Relief
A two-week ceasefire between the USA and Iran has been agreed, contingent on the reopening of the Strait of Hormuz. A significant relief rally is now underway, as more than
April 8, 2026
