Sign in Subscribe

price of oil

France to host G7 finance meeting on Mideast

France to host G7 finance meeting on Mideast

France will host a video meeting of G7 finance ministers on the Middle East crisis on Monday, as the war fuels fears for the global economy. The French finance ministry said in a statement the meeting at 1:30 pm (1230 GMT) would "review the situation in the Gulf

Trump defends Iran war decision as oil soars above $100

Trump defends Iran war decision as oil soars above $100

Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday over worries that the spiralling Middle East war could create prolonged supply disruptions. Both crude oil benchmarks, the West Texas Intermediate (WTI) and Brent, jumped by over 15 percent as markets opened Sunday

War in Iran shocks markets, costs U.S. taxpayers $1 billion a day

(The Center Square) – The escalating war in Iran has already rattled global markets and driven oil prices to their highest levels since April 2024. If the conflict persists, the strain on the global economy deepens and the burden on U.S. taxpayers grows. With U.S. military operations costing more

Israeli strike kills four at Beirut hotel: Lebanon

Israeli strike kills four at Beirut hotel: Lebanon

An Israeli strike on a hotel in central Beirut killed at least four people Sunday, Lebanese officials said, underscoring the widening reach of the US-backed war against Iran as missiles, drones and air strikes pounded targets across the region. The attack came with the conflict spilling into a second

Rising US fuel prices risk sparking domestic wildfire for Trump

Rising US fuel prices risk sparking domestic wildfire for Trump

Sean Robinson, a 54-year-old schoolteacher in the US capital Washington, did not realize how high gas prices had gotten until he arrived at the pump on Friday. "That is a sizeable jump," he told AFP, pointing to a neon sign showing $3.27 for a gallon

War in the Middle East: latest developments

War in the Middle East: latest developments

Here are the latest events in the Middle East war on Saturday: - Blasts in Dubai, Manama - AFP journalists heard explosions in Dubai and Bahrain's capital, Manama, on Saturday, one week into Iran's retaliatory attacks on targets around the Gulf. A warning siren sounded in Manama, with

Oil prices surge as Mideast war rages, stocks fall on US jobs

Oil prices surge as Mideast war rages, stocks fall on US jobs

Crude prices surged Friday on mounting fears about oil supply disruption during the Middle East war, while equities retreated on poor US hiring data. The US-Israel war on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors,