Tag: Middle East
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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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Oil gains as traders weigh prospects of easing Middle East supply disruptions
Aug 27 : Oil prices rose on Thursday after falling earlier in the session as traders weighed signs of diplomatic progress involving Iran against lingering risks to oil supplies from the Middle East.Brent crude futures were up 71 cents, or 0.81 per cent, at$88.55 a barrel at 1128 GMT. West Texas Intermediate
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Oil extends losses on hopes Middle East talks could ease supply woes
Aug 27 : Oil prices fell more than $1 on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the Middle East war. Brent crude futures were down $1.36, or 1.55 per cent, to $86.48 a barrel at 0800…
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Middle East: Pakistan sees progress in US-Iran mediation
Pakistani mediators have hailed “productive” talks in Tehran on the US-Israeli war on Iran and the prospect of peace. Meanwhile, Iran says it will retaliate to new US “economic D-day” sanctions. DW has more.
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New US carrier arrives in Mideast to relieve long-deployed ship
The USS George Washington carrier strike group has arrived in the Middle East to replace the USS Abraham Lincoln, after reports of poor conditions aboard the long-deployed carrier.
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Oil hits over 3-week high on Middle East supply concerns amid war impasse
LONDON, Aug 20 : Oil prices climbed to more than three-week highs on Thursday, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.Brent crude futures for October delivery were up $2.19, or 2.39 per cent, to $93.81 a barrel at 1257 G
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Oil hits 3-week high on Middle East supply concerns amid war impasse
LONDON, Aug 20 : Oil prices climbed to three-week highs on Thursday, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.Brent crude futures for October delivery rose $1.20, or 1.3 per cent, to $92.82 a barrel by 0813 GMT, while U.S.
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Iran warns Gulf countries against helping US after UAE cuts trade ties
TEHRAN: Iran’s armed forces warned Gulf countries against assisting the US military on Wednesday (Aug 19), hours after the United Arab Emirates announced it was severing economic ties with Tehran following new attacks on shipp
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A first in the Middle East: Lebanon abolishes death penalty
On August 11, the Lebanese parliament voted to abolish the death penalty, replacing it with life imprisonment. Until now, death by hanging and firing squad was possible, although it had not been used for over 20 years.
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Iran’s armed forces warn Gulf countries against assisting US military
TEHRAN: Iran’s armed forces on Wednesday (Aug 19) warned Gulf countries against assisting the United States military, saying it would be tantamount to joining American military operations.”We wish to warn that any assistance or facilitation provided to the aggressor US military amounts to participation in the
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