NEW YORK — The price of oil surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain. The most heavily traded contract for a barrel of Brent crude, the international standard, settled at $97.89 […]
BENGALURU — Oil prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while […]
WASHINGTON — US President Donald Trump said on Friday he had ordered the military to be prepared to launch strikes against Iran if the Iranian government carried out or attempted an assassination of the president. “1000 Missiles are Locked and Loaded and aimed at the Islamic Republic of Iran, with thousands of more to immediately […]
WASHINGTON — President Donald Trump said on Wednesday the United States would hit Iran “hard”, though he expected the latest military flare-up to end quickly and left the door open to more talks. The US leader had earlier said the ceasefire with Iran was over after the latest fighting, which led mediators Pakistan and Qatar […]
TOKYO — Oil prices climbed nearly 2% on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait […]
SINGAPORE — Oil prices rose on Monday following days of tit-for-tat strikes by the U.S. and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz. Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel at 0207 GMT while U.S. West Texas […]
WASHINGTON — Iran launched attacks on US sites in the Gulf in response to American strikes on the country, state media said Saturday, after Washington accused Tehran of attacking one of its cargo ships in the Strait of Hormuz. The trading of fire raised questions about efforts to keep the crucial waterway open while Washington […]
CARACAS — Two earthquakes of magnitude 7.2 and 7.5 struck the same area of Venezuela on Wednesday evening, causing buildings to collapse, according to the United States Geological Survey (USGS) and AFP journalists. The quakes sowed panic in the capital, Caracas, driving people into the streets. It was unknown if there were fatalities, but some […]
WASHINGTON — US Secretary of State Marco Rubio said Tuesday that Washington would not accept Iranian tolls or fees on the Strait of Hormuz, as disputes over the vital waterway, nuclear inspections, and missiles exposed early strains in negotiations to end the Middle East war. Washington and Tehran have signed a preliminary agreement to halt […]
WASHINGTON — The United States suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would allow UN nuclear inspectors to return to the country. “We laid a very good foundation for a successful final deal,” Vance told reporters following talks at Switzerland’s luxury Burgenstock resort aimed at ending the US-Israeli […]