Tag: Middle East
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Houthi attacks in Yemen open dangerous new Middle East front
Houthi fighters have attacked Saudi military targets after seizing Yemen’s Red Sea coast. Their advance raises questions about who can halt their momentum, as the United States remains preoccupied with Iran.
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IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
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Iran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
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Oil, gas and borrowing costs surge as fears over Middle East escalate
Energy prices rise sharply as markets fear the Iran war will not be resolved quickly.
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Oil prices rise as Middle East conflict escalates
The price of oil returned to triple digits in US dollars, as conflict in the Middle East threatens supply chains and puts a strain on global reserves.
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Middle East tensions drive oil over $100, Wall Street drops
Sept 9 : Brent crude prices surged past $100 a barrel on Wednesday and Wall Street opened lower, as escalating conflict in the Middle East fuelled worries about energy-driven inflation ahead of several major central bank decisions.Brent crude futures rose as much as 3 per cent to a session high of $100.95, br
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U.K. defends sanctions on Israeli settlements after 30-day consulate closure order
Britain’s foreign minister Ed Miliband said the U.K. “could not simply stand by because we feared Israeli reaction.”
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Oil nears $100 as fresh Middle East strikes raise supply risks
NEW DELHI, Sept 9 : Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across the Middle East heightened worries about supply disruptions. Brent crude futures rose 1.4 per cent, to $99.33 a barrel by 0212 GMT, while U.S. West Texas Intermed
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Middle East: Israeli strikes kill several in Lebanon
Lebanon’s Health Ministry said at least 10 were killed in overnight Israeli strikes in the south of the country. Meanwhile, traffic in the Strait of Hormuz has sunk to its lowest level since May. DW has more.
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Oil prices rise on escalation in Middle East
LONDON, Sept 3 : Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies.Brent crude futures were up 59 cents, or 0.62 per cent, at $96.22 a barrel by 1327 GMT while U.S. West Texas Intermediate crude futures
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