Oil prices increased on Thursday due to supply concerns fueled by Russia’s decision to implement output cuts and the unsuccessful attempts to bring about a cease-fire in the Gaza Strip. International benchmark Brent crude traded at $85.70 per barrel at 10.46 a.m. local time (0746 GMT), a...

Oil prices increased on Tuesday with greater supply risks with the rising conflict in the Middle East, while investors await several key supply and demand data sets from the Organization of Petroleum Exporting Countries (OPEC) as well as inflation data from the US Federal Reserve (Fed)....

CAIRO (AP) — An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of the danger of a spill from the vessel's cargo of fertilizer. The Rubymar, a British-registered,...

Merchants in the regime-held areas found what they could do to justify the significant price increase witnessed by all materials in the Syrian market, pointing out that the ongoing crisis in the Red Sea played a major role in increasing the fears of merchants who import from East Asia, as...