International benchmark Brent crude futures popped on Monday, moving above $70 a barrel for the first time in more than a year.
A top Iranian military official says regional countries who have helped the US with the assassination of Iran's General Soleimani should be held accountable.
For Saudi Arabia, bad news in the oil market has rarely been such a vindication. Two weeks ago, the world’s biggest crude exporter stunned energy traders.
Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March as a rampant coronavirus leads to more lockdowns.
Coronavirus is killing people in Yemen more than any other place in the world and the world should be warned that mercy
Chairman of the Iran-Iraq Joint Chamber of Commerce says Iran, China, Turkey and some Arab countries like Saudi Arabia
Saudi Foreign Minister Prince Faisal Bin Farhan Al-Saud said his country believes in “eventual normalization” of ties with Israel.
Iran and Saudi Arabia are set to see the most investment in natural gas projects in the Middle East, Arab Petroleum Investments Corps (APICORPS) said.
Heidar Ali Balouji, Iran’s permanent envoy to the United Nations, slammed Saudi Arabia for failing to implement the IAEA safeguard regime.
Saudi Prince Abdulrahman Bin Musa’ad called for boycotting Turkish imports.