Beijing — On the outskirts of the Chinese port city of Ningbo, surrounded by lush green hills topped with giant wind turbines to harness the power of the gales off the East China Sea, is a factory where bosses believe they’re making the cars of the future. It’s where the Geely Auto Group, one of China’s…
Houthi rebels claimed a missile strike on Saudi Arabia on Saturday, hours after vowing to retaliate against the kingdom for attacks as the Middle East conflict expanded. Riyadh struck Houthi military targets in Hodeida on Friday, with rebel media reporting two wounded after the Yemeni group announced a maritime blockade of the top oil producer…
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran’s chokehold on the strait drags on and oil prices surge — to over $100 per barrel for Brent Crude…
