Tag: Middle East
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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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Oil prices hit fresh 6-week highs on renewed Middle East tensions
LONDON, Sept 3 : Oil prices hovered near six-week highs on Thursday after fresh U.S. strikes on Iran and renewed Israeli threats against Tehran heightened concerns about disruptions to Middle East supplies.Brent crude futures were up $1.76, or 1.8 per cent, at $97.39 a barrel by 1025 GMT, erasing earlier loss
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Xi Jinping urges new Middle East security framework during Egypt visit
Countries in the Middle East region should be “masters of their own destiny” and explore a new regional “security architecture”, says the Chinese president.
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Iran attacks US targets in Middle East after five reportedly killed at wedding celebration
The Iranian Red Crescent says the deaths happened when shrapnel from a US missile hit a home where a celebration was taking place in southern Iran.
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Dollar holds firm as Middle East hostilities lift oil
TOKYO, Sept 2 : The dollar held firm on Wednesday as renewed hostilities in the Middle East pushed oil prices higher and revived inflation concerns.The currency’s safe-haven appeal has been reinforced by rising Treasury yields and growing expectations of a Federal Reserve rate hike, even as recent economic da
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Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Sept 1 : Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world’s key crude-producing region. Brent crude futures were up 56 cents, or 0.6 per cent, to $91.05 a barrel at 0044 GMT, while U.S. West Texas…
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