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The threat of an escalating conflict between Israel and Iran has created an “extraordinarily precarious” global situation, sowing alarm about the potential economic fallout.
Senior ministers from Opec and its allies have kept to current plans to reduce production. Crude prices have spiked due to concerns over a potential major...
With the region on edge about a possible Israeli retaliatory strike on Iran, U.S. Central Command hit targets in Yemen and Israel ordered evacuations in Gaza.
The biggest risk is a sustained increase in oil prices.
Oct. 7, 2023, marked the worst tragedy for the state of Israel and the Jewish people since the Holocaust. Some 1,200 people were murdered in Israel,...
Iran has a number of sensitive sites, including oil infrastructure, military installations and nuclear facilities.
A day after President Biden said the United States was “in discussion” about the possibility that Israel might strike Iran’s vast oil fields, he suggested that...
China has strategic reserves and alternatives like electric cars, should oil imports ever be interrupted.
The announcement from Tehran came after Iran launched some 180 missiles at Israel on Tuesday, and follows a series of escalating attacks between the two countries,...
Iran’s supreme leader, Ayatollah Ali Khamenei, led Friday Prayer for the first time in years, delivering a sermon during a memorial service in Tehran for Hezbollah’s...
