Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of Continue Reading
U.S. President Donald Trump has authorized the U.S. military to respond to Wednesday’s rocket attack by Iran-backed militia in Iraq that killed two American troops and a British service member, Continue Reading
The world’s top oil exporter Saudi Arabia is going after Russia’s oil market share in Europe with deeply discounted Arab Light crude at up to three times the usual volumes, Continue Reading
The run-up to Persian new year should be one of the busiest periods for shopkeepers in the vaulted streets of Tehran’s grand bazaar, the centre of commerce in the Iranian Continue Reading
The Latest on the coronavirus outbreak sweeping the globe: Iran’s information and communications technology minister has tweeted a map of Iran that shows the virus affecting almost the entire country. Continue Reading
In just 24 hours, Saudi Arabia’s crown prince launched an oil-price war with Russia and sidelined a domestic rival to cement his power at home. But his surprise actions on Continue Reading
Saudi Arabia on Wednesday unveiled plans to boost its oil-production capacity to help fight a price war with Russia, as other producers launched attempts to mediate a truce. The capacity Continue Reading
Even before the collapse of the OPEC+ talks last Friday, Saudi Arabia’s finance ministry had asked government agencies to propose a 20-30 percent cut in their budgets due to the Continue Reading
Iran has asked the International Monetary Fund (IMF) for emergency funding to help it fight the coronavirus outbreak, which has hit the Islamic Republic hard, Foreign Minister Mohammad Javad Zarif Continue Reading
Two Americans and one other coalition member were killed in a rocket attack on a base in Iraq on Wednesday night, a U.S. military spokesman said, potentially spiking tensions with Continue Reading
