Leading energy service and technology companies delivered resilient second quarter results, despite disruption from the US-Iran conflict and broader geopolitical uncertainty across the Middle East.
Recent attacks on Saudi tankers in the Red Sea have introduced fresh uncertainty to a critical alternative oil export route, exacerbating pressures on global energy flows. Following strikes on Saudi-flagged tankers Encelia and Layla, several vessels altered course or made U-turns just before reaching the Bab el-Mandeb chokepoint.
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