Saudi Arabia has closed a critical oil pipeline after it was attacked by drones launched from Iraq, as conflict in the Middle East widens. Iraq said it had fired a military commander and launched an investigation after admitting the drone attack on its neighbour’s East-West pipeline had originated in one of its provinces bordering Iran. […]
Saudi Arabia has condemned what it said was an Iranian attack on a Saudi-owned supertanker on Monday night that killed two Filipino sailors. The Saudi national shipping company, Bahri, confirmed on Wednesday that its vessel Sidr was “involved in a security incident while transiting the Strait of Hormuz”. Sidr was hit by projectiles north of […]
Throughout US President Donald Trump’s second term in office, traders have been betting millions of dollars just before he makes major announcements. The BBC has examined trade volume data on several financial markets and matched them to some of the president’s most significant market-moving statements. It found a consistent pattern of spikes just hours, or […]
Global oil prices have fluctuated ahead of a deadline set by US President Donald Trump for Iran to open the key Strait of Hormuz shipping route. The cost of benchmark Brent crude rose above $111 (£84) a barrel in early trade. It then fell back below $108 a barrel before climbing back to about $110. On […]
Ukrainian President Volodymyr Zelensky has accused European allies of seeking to “blackmail” Kyiv into reopening a pipeline transporting Russian oil to Hungary and Slovakia.
By Konstantinos Anagnostakis, Analyst KEDISA Since the start of his first term, President Trump consistently criticized Nicolás Maduro’s regime in Venezuela for its authoritarianism and narcotics trafficking. At a multilateral UN meeting in New York on September 25, 2019, he declared that ‘’the Western Hemisphere will not be written by socialists and tyrants, but by […]
