Global oil prices surged on Sunday as the Israel-Iran conflict continued to rattle markets, with Brent crude rising 3.9% to $80 per barrel and U.S. crude climbing 4.3% to $77 per barrel.
The ongoing tensions have caused sharp fluctuations in oil prices over the past week, fueling volatility in the U.S. stock market. Futures for the S&P 500 fell 0.6% on Sunday, and treasury yields dipped slightly amid investor concerns.
The Strait of Hormuz, a critical chokepoint for global crude supply, has become a focal point due to Iran's position as a major oil producer and its proximity to the waterway. Fears of disruptions to crude flow have driven markets to react strongly to developments in the conflict.
Analysts warn that further escalation in the Middle East could significantly impact global energy supplies and financial markets.
India and China have resumed direct commercial flights for the first time in five years, marking a cautious thaw in relations between the two Asian gi...
Armenia’s foreign minister says the presidents of Azerbaijan and Türkiye have been verbally invited to attend the 8th European Political Community ...
Iran's Minister of Road and Urban Development Farzaneh Sadegh has said that Iran and Russia are scheduled to sign a railway agreement next month in Mo...
Armenian Foreign Minister Ararat Mirzoyan has dismissed debate over who benefits more from recent agreements with Azerbaijan, calling the talks a mutu...
Cameroon's incumbent President Paul Biya, 92 has been announced as the winner of the country's Presidential election amidst allegations of election ir...
Hurricane Melissa has been upgraded to a Category 5 storm and is forecast to be the worst storm in the Island's history.
Cameroon's incumbent President Paul Biya, 92 has been announced as the winner of the country's Presidential election amidst allegations of election irregularities.
India and China have resumed direct commercial flights for the first time in five years, marking a cautious thaw in relations between the two Asian giants.
Iran's Minister of Road and Urban Development Farzaneh Sadegh has said that Iran and Russia are scheduled to sign a railway agreement next month in Moscow.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
India and China have resumed direct commercial flights for the first time in five years, marking a cautious thaw in relations between the two Asian giants.
Cameroon's incumbent President Paul Biya, 92 has been announced as the winner of the country's Presidential election amidst allegations of election irregularities.
The UN has appealed for the safe evacuation of civilians trapped in Sudan’s el-Fasher, as paramilitary forces claim to have captured the army’s main base in the city.
When Javier Milei assumed Argentina's presidency on 10 December 2023, the self-proclaimed "anarcho-capitalist" inherited one of the world's most troubled economies.
U.S. President Donald Trump said on Monday that he hoped to secure a trade deal with China to add to a series of agreements reached during his ongoing visit to Asia, as he arrived in Tokyo to a royal welcome.
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