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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,...

Wasting oil revenues: Homs, Banias refineries

Six hundred billion Syrian pounds vanished from the budgets of the Homs and Banias refineries between 2022 and 2023 as a result of smuggling operations involving petroleum derivatives (VGO) in which the "Jerusalem Brigade," affiliated with the former regime, was implicated. Despite the...