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.
Truck drivers in two of the four Balkan states protesting against the EU’s tightened entry-exit rules stepped back on Thursday, easing some pressure...
Türkiye is increasingly becoming one of the world’s new geopolitical power hubs, Uzbek President Shavkat Mirziyoyev said on Thursday during a joint...
Iran’s armed forces are prepared to “immediately and powerfully” respond to any U.S. attack, Foreign Minister Seyed Abbas Araghchi said, as Amer...
Azerbaijan’s Foreign Minister Jeyhun Bayramov and Iran’s Foreign Minister Seyed Abbas Araghchi held a phone call to discuss the situation surround...
U.S. President Donald Trump said on Thursday that Russian President Vladimir Putin had agreed to halt attacks on Kyiv and other Ukrainian cities for o...
Türkiye is increasingly becoming one of the world’s new geopolitical power hubs, Uzbek President Shavkat Mirziyoyev said on Thursday during a joint news conference with Turkish President Recep Tayyip Erdogan in Ankara.
Iran’s armed forces are prepared to “immediately and powerfully” respond to any U.S. attack, Foreign Minister Seyed Abbas Araghchi said, as American military assets arrived in the Middle East amid renewed tensions over Tehran’s nuclear program.
U.S. President Donald Trump said on Thursday that Russian President Vladimir Putin had agreed to halt attacks on Kyiv and other Ukrainian cities for one week, citing extreme cold weather across Ukraine.
The European Union has added Iran's Islamic Revolutionary Guard Corps (IRGC) to its list of terrorist organisations, citing the group’s role in recent deadly crackdowns on protesters. EU foreign policy chief Kaja Kallas called it a “decisive step” to ensure that “repression cannot go unanswered.”
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Liverpool confirmed direct qualification to the UEFA Champions League round of 16 with a 6-0 win over Qarabağ at Anfield in their final league-phase match. Despite the setback, Qarabağ secured a play-off spot, with results elsewhere going in the Azerbaijani champions’ favour on the final matchday.
Iraq's former Prime Minister Nouri Al-Maliki said on Wednesday that he rejects U.S. interference in Iraq's internal affairs, after U.S. President Donald Trump threatened to cut off support to the country if Maliki was picked as prime minister.
China is supplying key industrial equipment that has enabled Russia to speed up production of its newest nuclear-capable hypersonic missile, an investigation by The Telegraph has found, heightening concerns in Europe over Moscow’s ability to threaten the West despite international sanctions.
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (28 January), as it toppled trees, damaged homes, and disrupted road and rail traffic before moving inland to Spain.
Bangladesh and Pakistan resumed direct flights on Thursday for the first time since 2012, when the Sheikh Hasina administration suspended the Dhaka-Karachi route on what it described as security grounds.
Bangladesh and Pakistan on Thursday resumed direct flight services after 14 years, marking a milestone in the revival of relations between the two Muslim-majority nations.
Truck drivers in two of the four Balkan states protesting against the EU’s tightened entry-exit rules stepped back on Thursday, easing some pressure on major cargo routes, while colleagues in Bosnia and Serbia kept their lines of trucks in place.
American Airlines said on Thursday it plans to resume daily service to Venezuela once regulators approve and security assessments are complete, marking the carrier's return just weeks after the U.S. military operation that removed Nicolás Maduro from power.
Spain’s transport minister Oscar Puente said on Thursday that the government has stepped up investment across the railway network after years of underfunding, a point he underlined while senators pressed him over two recent train accidents.
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