Christiane Tager, 24/06 22:00 - Reading : 3 minute(s)
Donald Trump Europe Israel Tehran oil
From Cold Sweats to Cooling Oil: Why Crude Prices Are Plunging After the Iran-Israel De-Escalation A bomb can send oil prices soaring – unless it doesn’t hit as hard as expected. That’s exactly what played out in the markets following Iran’s limited strike on a United States base in Qatar, followed by a surprise ceasefire between Tehran ...
This is Beirut, 24/06 10:40 - Reading : 3 minute(s)
Israel Ceasefire Donald Trump Middle East Oil Markets
Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...
This is Beirut, 23/06 14:50 - Reading : 6 minute(s)
Strait of Hormuz Iran Israel Oil Gas
Iran’s parliament gave the green light to a proposal to shut down the Strait of Hormuz on Sunday, a step that needs clearance from the security authorities. Such a move could significantly disrupt worldwide oil shipments and heighten tensions in an already unstable region. The Strait, which narrows to just 33 kilometers at its slimmest point, ...
This is Beirut, 20/06 11:40 - Reading : 3 minute(s)
Donald Trump Israel Middle East Oil
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" ...
This is Beirut, 18/06 09:50 - Reading : 3 minute(s)
Oil prices stabilized Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender". Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East ...
This is Beirut, 16/06 12:20 - Reading : 4 minute(s)
Israel Middle East Oil Gold Price
Oil prices retreated on Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks. Gold prices rose back towards a record high thanks to a rush into safe havens but equities were mixed amid hopes that the conflict does not spread. Investors were ...
This is Beirut, 28/05 13:50 - Reading : 3 minute(s)
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, hold talks Wednesday to discuss their production levels as another hike looms despite falling prices. The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output ...
This is Beirut, 27/05 22:35 - Reading : 1 minute(s)
United States Iraq Gas Oil Kurdistan
The United States said Tuesday it supported American energy companies' contracts with Iraq's autonomous Kurdish region after the Iraqi government filed a lawsuit against them. Regional Prime Minister Masrour Barzani announced the signing of the two deals valued at tens of billions of dollars during a visit to Washington, in which he met Friday ...
This is Beirut, 19/05 17:45 - Reading : less than a minute
In southern Iraq, the legendary Mesopotamian Marshes face a new threat: oil exploration.
Christiane Tager, 05/05 21:45 - Reading : 2 minute(s)
It appears that the fuel partnership with Iraq is under strain – or even under high tension. Since July 2021, Iraq has been Lebanon’s main fuel supplier thanks to a $700 million contract, renewed in 2023, bringing the total to $1.4 billion. In return, Lebanon had committed to delivering Lebanese goods and services, particularly in the medical ...
This is Beirut, 30/04 19:10 - Reading : 2 minute(s)
The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite new nuclear talks between the adversaries. The United States said it was targeting five trading companies—four based in the United Arab Emirates and one in Turkey—that sold Iranian-origin petrochemical ...
This is Beirut, 2024-12-20 15:25 - Reading : 1 minute(s)
United States Iran sanctions oil
The United States has intensified sanctions against a growing number of oil tankers and companies accused of being involved in the trade of Iranian oil, Bloomberg reported,. Nine ships and eight companies have been added to the sanctions list, according to a government statement released on Thursday. Among the vessels targeted is the MS Enola, ...