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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...

Saudi Cabinet, chaired by MBS, welcomes US-Iran agreement

Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman, on Tuesday welcomed the agreement reached between the United States and Iran to end military operations and begin negotiations aimed at securing a permanent agreement. The Cabinet also expressed appreciation for the...