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Middle East

Oil prices jump nine percent on worsening US-Iran conflict

Oil prices shot up around nine percent Monday as President Donald Trump announced the reimposition of a US naval blockade on Iranian ports while the two sides traded attacks. Near 1820 GMT, Brent oil futures jumped 9.1 percent to $82.90 a barrel while US benchmark West Texas Intermediate...

Iran president touts ‘historic’ deal with US ending war

Iran’s President Masoud Pezeshkian welcomed on Thursday what he called a “historic” deal with the United States to end their war and pave the way for negotiations towards a final settlement. “This is a historic document and a message from a powerful Iran: peace will be achieved in...