The prices of oil futures advanced by 2% on Friday amid the alleged renewed strains in the relations between the United States and Iran, which emerged from the former reportedly persuading Qatar not to release the latter’s frozen funds due to its support for Hamas’s attacks on Israel. Meanwhile, the spokesperson for the Iranian mission …
Russia’s commitment to reduce its oil exports by 300,000 barrels per day (bpd) includes oil products, Russian Deputy Prime Minister Alexander Novak said on Thursday in remarks that sowed further confusion about how much oil supply Russia is really withholding from the market. Russia has pledged to reduce its oil exports by 300,000 bpd until …
Continue reading “Russia Says Oil Products Are Included In Its 300,000-Bpd Export Cut Pledge”
The International Energy Agency (IEA) cautioned on Thursday that the “sharp” escalation of tensions in the Middle East has put global oil markets “on edge,” as the region accounts for more than one-third of the world’s seaborne oil trade. In its latest monthly oil market report, the agency underlined that although the geopolitical turmoil in …
Hamas’ military wing Al-Qassam Brigades claimed on Wednesday that it targeted the Israeli city of Haifa with R160 long-range missiles.Sirens went off in the city in northern Israel amid the attack and, according to witnesses, people were seen running for cover. Earlier, Israeli Armed Forces (IDF) said it received a report of an aerial infiltration …
The prices of oil futures declined on Wednesday after Saudi Arabia reportedly informed the United States it might increase its crude production in early 2024. West Texas Intermediate (WTI) for November’s settlements slid by 1.49% at 10:01 am ET to sell for $84.68 per barrel. A minute later, Brent for December’s deliveries decreased by 1.08% …
Oil prices soared in the aftermath of Hamas’ attack on Israel, with WTI climbing by 3.68% and Brent up 3.42%. The attack by Hamas will likely undermine efforts to normalize relations between Israel and Saudi Arabia. So far, the oil price movement has been driven by increased geopolitical risk rather than any tangible impact on …
Saudi Arabia’s de facto ruler told Palestinian president Mahmud Abbas he was working to prevent “an expansion” of conflict after the surprise Hamas attack on Israel, Saudi state media said early Tuesday. Crown Prince Mohammed bin Salman also told Abbas the Gulf kingdom continued “to stand by the Palestinian people to achieve their legitimate rights …
Continue reading “Saudi Prince Says Working To Contain Israel-Gaza Fighting… He just blnked!”
Iran aims to involve the United States in a larger conflict amid the current Middle East crisis, Fox News Chief National Security Correspondent Jennifer Griffin reported on Monday. “Iran’s goal is to draw the US into a broader conflict: a senior intelligence source tells me,” she posted on X, formerly known as Twitter. In addition, …
Continue reading “Iran reportedly aims to involve US in broader conflict”
Lebanon’s Hezbollah group claimed responsibility for the latest attacks launched on Sunday from Lebanese territory towards Israel. “The radar sites, Zibdin and Ruwaisat Al-Alam were bombed with large numbers of artillery shells and guided missiles. We targeted three Israeli occupation sites in the occupied Lebanese Shebaa Farms area,” Hezbollah said in a statement. The group …
Continue reading “Hezbollah claims responsibility for latest attacks on Israel”
Hamas launched a second attack on Israel on Saturday afternoon, launching a new round of 150 rockets into the country, the group said in a statement. However, despite the Iron Dome being active, several of the missiles were spotted in the vicinity of Tel Aviv, and the barrage of rockets directly hit buildings and cars. …