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Oil climbs above $100 after Iran–US negotiations fail

London, April 13 (SANA) Oil prices exceeded $100 a barrel on Monday as tensions escalated in the Strait of Hormuz following the failure of negotiations between Iran and the United States, according to Reuters. Brent crude futures rose by $7.11, or 7.47 percent, to $102.31 per barrel,...

Five killed in Israeli strikes on southern Lebanon

Beirut, April 13 (SANA) Israeli airstrikes and artillery shelling targeted multiple towns in southern Lebanon from Sunday evening until Monday morning, killing five people and causing significant destruction, according to Lebanon’s National News Agency (NNA). The agency reported that a...

$12 million for fledgling company: Oil contract details

Official documents have revealed that the Syrian Petroleum Company recently signed a negotiated contract worth $12.3 million with Petroleum Services Enhancement Company (PPS), raising questions about the criteria used to award the contract to a company that was only established a few months...