Oil prices rose more than 15 per cent on Monday to their highest levels since mid 2022 as supply cuts by major producers and fears of shipping disruptions intensified amid the expanding conflict involving Iran, Israel, and the United States.
Brent (...)
Mojtaba Khamenei, the 56-year-old cleric who spent decades as the most powerful "gatekeeper" in the Islamic Republic, was named Iran's third Supreme Leader on Sunday, formalising a transition from the shadows to the pinnacle of state (...)
Global oil markets are facing escalating chaos as major producers begin cutting output and prices surge toward $100 a barrel following the effective closure of the Strait of Hormuz amid the ongoing conflict involving Iran, the United States, and (...)
Egypt will raise the national minimum wage and implement a package of government spending cuts to mitigate the domestic economic impact of regional military escalation, Prime Minister Mostafa Madbouly announced on Monday.
The decisions were made (...)
The Arab League has condemned Iranian attacks against Gulf states as a "massive strategic error," with Secretary-General Ahmed Aboul Gheit stating on Sunday that Arab nations are speaking with one voice in rejecting any violation of their (...)
Global energy executives and traders warned that oil prices are set to reach $100 per barrel within days as the near-total halt of shipping through the Strait of Hormuz transforms a long-held worst-case scenario into a reality.
The escalating (...)
The conflict between Israel and the United States on one side, and Iran on the other, entered its ninth day on Sunday, with escalating missile exchanges and rising regional tensions. Meanwhile, attention in Tehran has turned to the process of (...)
Military confrontations between Israel and Iran entered their eighth day on Saturday, with both sides exchanging missile and air strikes while attacks spread across parts of the Gulf and Iraq, raising fears of a broader regional conflict.
Israel (...)
Oil prices climbed more than 3 per cent on Thursday, extending gains for a fifth straight session as the escalating war between the United States, Israel and Iran heightened fears of prolonged disruptions to Middle East oil and gas supplies.
Brent (...)
Saudi Arabia has diverted millions of barrels of crude oil to its Red Sea ports, tripling export volumes from its western coast this month to maintain global supplies as the conflict involving Iran disrupts shipments through the Strait of (...)
Egypt's Minister of Foreign Affairs Badr Abdel-Atty on Tuesday inspected the consular task force managing the situation of Egyptian citizens in Kuwait, Qatar, Bahrain, the UAE, Saudi Arabia, Jordan, Iraq, and Lebanon amid escalating military (...)
Oil climbed for a third day on Wednesday as escalating hostilities between the US, Israel, and Iran heightened fears of supply disruptions across the Middle East, while Goldman Sachs lifted its oil price forecasts.
Brent futures rose 3.5 per cent to (...)
Unilever Egypt has launched Knorr's Ramadan 2026 campaign, "Knorr 7aletha", aiming to engage more than 10 million Egyptians during the holy month through a consumer-led initiative that links everyday cooking to direct meal donations.
In addition to (...)
The US dollar climbed to its strongest level since January as escalating conflict in the Middle East revived demand for the world's primary safe haven.
The Dollar Index rose 0.8 per cent to 99.08 as of 9:25 a.m. GMT, extending Monday's nearly 1 per (...)
The Israel-US confrontation with Iran widened in scope and intensity on its fourth day, with heavy exchanges of fire spreading to diplomatic missions and critical infrastructure across the Gulf, alongside mounting warnings over the potential global (...)
Arab Bridge Maritime Company, jointly owned by Egypt, Jordan, and Iraq, said on Sunday that it is operating normally and safely, offering an alternative for travellers and tourist groups affected by widespread flight cancellations in the region.
The (...)
The black flags of mourning have been hoisted over the turquoise domes of Qom, but behind the closed doors of Iran's administrative halls, the atmosphere is one of frantic calculation rather than quiet grief. For the first time since 1989, the seat (...)
Spectre of $120 Oil Haunts Global Markets as Fighting Spreads
Four Scenarios Outline Paths from Containment to Wider Escalation
The long-running shadow conflict between Israel and Iran burst into the open on Saturday, in a rapid escalation that (...)
Egypt's President Abdel Fattah Al-Sisi held separate phone calls on Sunday with Haitham bin Tariq of Oman and Iraqi Prime Minister Mohammed Shia Al-Sudani, as regional tensions escalated following a wave of military strikes across the Middle (...)
OPEC+ has agreed in principle to a modest oil output increase of 206,000 barrels per day (bpd) following shipment disruptions caused by US-Israeli strikes on Iran and subsequent retaliatory actions, according to a statement after their monthly video (...)
The United States and Israel launched a large-scale military offensive against Iran early Saturday, with powerful explosions reported across Tehran and plumes of smoke rising near the presidential compound, marking a dramatic escalation that (...)
The OPEC+ alliance is set to consider a larger-than-expected increase in oil supplies during its meeting on Sunday, according to a delegate, following US and Israeli air strikes on targets inside Iran.
The potential shift in production strategy (...)
Egypt is following with "great interest and concern" the maritime border issue between Kuwait and Iraq, the Egyptian Ministry of Foreign Affairs said on Monday, as regional tensions rise over coordinates and maps deposited by Baghdad at the United (...)
Sitting across from commentator Tucker Carlson, United States Ambassador to Israel Mike Huckabee was presented with a map defined not by the 1967 borders, but by the ancient boundaries of the Old Testament. When asked if Israel maintains a divine (...)
When Omani mediators entered a secure room in Muscat earlier this month, they carried a single envelope containing a fresh proposal from Washington regarding Iran's ballistic missile programme. Across the table, Iranian Foreign Minister Abbas (...)
