- The drop in oil prices came despite a move by the OPEC+ oil cartel, led by Saudi Arabia and Russia,...
Oil prices finished about four percent lower following US energy data that showed unexpectedly weak gasoline demand
Gasoline demand last week was 8.5 million barrels per day, down almost 13 percent from the year-ago period, which is part of the peak summer driving season
- The portside blast of haphazardly stored ammonium nitrate, one of the biggest non-nuclear explosions ever, killed more than 200 people,...
Several heavily damaged grain silos that became a grim symbol of the disaster collapsed last week, and more are dangerously close to coming down, experts warn
Amnesty, HRW and other groups Wednesday relaunched an appeal to the United Nations to send a fact-finding mission on Beirut blast
- The BoE is tipped to lift its main rate by 0.50 percentage points the biggest amount in more than a...
The BoE, granted operational independence from the government over monetary policy in 1997, will reveal its latest rate decision at 1100 GMT on Thursday
Economists meanwhile argue that a large rate hike damages the nation's recovery from the coronavirus pandemic and risks the prospect of recession
- A top US official on Wednesday called China's military drills in response to US House Speaker Nancy Pelosi's visit to...
US National Security Advisor Jake Sullivan told NPR that what China is doing here is 'not responsible'
Pelosi, the second in line to the US presidency, departed Taiwan Wednesday morning, having defied a series of increasingly stark threats from Beijing
- The cartel led by Saudi Arabia and Russia decided to raise production by 100,000 barrels per day for September, much...
Biden made a controversial trip to Saudi Arabia in July in part to convince the kingdom to loosen the production taps to curb rampant inflation
Saudi Arabia faced a balancing act between its old ally, Washington, and its OPEC+ partner Moscow, which has been hit by Western sanctions over the Ukraine invasion
- Negotiations between Iran and world powers, which began in late November 2021 to reintegrate Joe Biden's United States into the...
In late June, Qatar hosted indirect talks between Tehran and Washington in the hope of getting the process back on track -- but those talks did not lead to a breakthrough.
In a last-ditch effort, EU foreign policy chief Josep Borrell submitted a compromise proposal last Tuesday and called on the parties to accept it to avoid a 'dangerous crisis'.
- After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it...
The cartel led by Saudi Arabia and Russia has so far resisted US pressure to ramp up production significantly.
Biden visited Saudi Arabia in July to convince the Kingdom about producing more oil and stabilizing market.
- The Aug 4, 2020 mega-blast killed more than 200 people and destroyed thousands of homes in the Lebanese capital. The...
The lead investigator, Tarek Bitar, who was chasing after some of the country's top brass, has been barred from proceeding by a series of lawsuits.
The victims' families therefore appealed to the international community to set up an independent investigation under the Human Rights Council in Geneva.
- Iranian lawmakers voted Wednesday to ratify a prisoner exchange treaty with Belgium, where the deal has been criticized for potentially...
Icana news agency reported that Iran's parliament approved the treaty by 195 votes to two
The Belgian parliament just two weeks ago passed it by the much narrower margin of 79 votes to 41





















