08:11:27 EDT Mon 14 Sep 2026
Enter Symbol
or Name
USA
CA



Occidental Petroleum CDR (CAD Hedged)
Symbol OXY
Shares Issued 550,000
Close 2026-09-11 C$ 25.61
Market Cap C$ 14,085,500
Recent Sedar+ Documents

Globe/AP say Occidental, others see Houthis take island

2026-09-14 06:55 ET - In the News

Also In the News (C-XOM) Exxon Mobil CDR (CAD Hedged)
Also In the News (C-ZCOP) ConocoPhillips (COP) BMO CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that Yemen's Iranian-backed Houthi rebels captured a strategic island at the southern entrance to the Red Sea, threatening Saudi oil exports after a major pipeline shutdown due to an attack. An Associated Press dispatch to The Globe says this significant territorial gain along the Bab el-Mandeb Strait could strengthen Iran's strategy to raise global oil prices to pressure the United States. Saudi Arabia shut down the pipeline after an attack, describing the move as "a precautionary measure." The Saudi Foreign Ministry attributed the attack to drones from Iraq and chose not to retaliate. The Iraqi government condemned the attack. Built in the 1980s, the East-West pipeline has been crucial for Saudi Arabia's oil exports, especially during the disruptions in the Strait of Hormuz. By early June, exports from the pipeline's Red Sea port exceeded five million barrels a day. The Houthis' capture of Mayun was confirmed by a senior military official with Yemen's internationally recognized government and by a Houthi official. The Houthis have been attacking Saudi shipping on the Red Sea since declaring a blockade in July, as well as hitting oil infrastructure inside Saudi Arabia.

© 2026 Canjex Publishing Ltd. All rights reserved.