U.S. crude oil breaks $86 as tensions mount between Israel and Iran
Crude oil futures rose Thursday, recouping losses from earlier in the session as tensions in the Middle East continue to mount.
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Crude oil futures rose Thursday, recouping losses from earlier in the session as tensions in the Middle East continue to mount.
Recent revelations that the Islamic Republic of Iran and the US have held secret talks as a way of resolving months of attacks by Tehran-backed Houthi rebels on shipping in the Red Sea have raised eyebrows. Surely the two countries have been implacable foes for decades? How could they be engaged in constructive negotiations?
Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an escalating conflict in the Middle East and a Ukrainian drone strike on a major Russian oil refinery.
Israel’s own April Fool’s Day prank was to eliminate one of Iran’s top commanders in Syria, Mohammad Reza Zahedi, by striking a building near Tehran’s embassy in Damascus, almost flouting international law protecting the inviolability of diplomatic missions.
Suspected Israeli warplanes bombed Iran's embassy in Syria on Monday in a strike that Iran said killed seven of its military advisers, including three senior commanders, and that marked a major escalation in Israel's war with its regional adversaries.
At least seven officers including three generals overseeing Iran’s covert operations in the Middle East were killed in an Israeli strike in Syria yesterday, according to Iranian and Syrian officials.
Using Afghanistan as their homebase and Turkey as a logistical centre, Isis cells have worked closely with various national and regional branches to pull off the murderous attacks on four countries this year.
China has filed a complaint to the World Trade Organization (WTO) after the United States excluded buyers who purchased electric vehicles (EVs) with Chinese batteries from its subsidy scheme.