International crude oil prices have begun to fall after United States President Donald Trump declared that the war with Iran would end soon, easing tensions in global energy markets. Since the announcement, the price of crude oil has dropped by 8.5% per barrel. Prices of the two main global crude...
Bahrain’s main oil refinery came under attack on Monday, with dense smoke rising from the facility following the incident, according to eyewitnesses cited by Reuters. The target of the assault was Bahrain Petroleum Company, the country’s principal refinery and a cornerstone of its energy...
The Middle East conflict intensified as Iran and Israel exchanged fire and Gulf states faced fresh attacks, while the appointment of Mojtaba Khamenei as Iran’s new supreme leader added political tension to an already volatile region. Saudi Arabia intercepts drone attackSaudi Arabia’s defence...
The United States has instructed personnel at its diplomatic missions in Saudi Arabia to leave the country amid the ongoing war situation in the Middle East. The US Department of State issued a notice in this regard on Sunday, citing heightened security risks following a series of Iranian missile...
Mojtaba Hosseini Khamenei, the son of Iran’s Supreme Leader Ayatollah Ali Khamenei, has been chosen as the country’s next Supreme Leader after the elder Khamenei was killed on the first day of the war. The 56-year-old Mojtaba was nominated by Iran’s religious leaders on Sunday to assume...
Global oil prices have surged past $100 a barrel amid the ongoing war in the Middle East, raising concerns over energy supply disruptions and their wider impact on the world economy. The price of Brent crude has climbed to $108.77 a barrel, marking the sharpest single-day rise since the outbreak...
