Oil tops $116 to Five-month high as Mideast supply risks mount
Fears of fresh conflict in the Middle East and disrupted fuel supplies have pushed crude oil prices to their highest level in five months.
Fears of fresh conflict in the Middle East and disrupted fuel supplies have pushed crude oil prices to their highest level in five months.
Russia is ready to resume three-way talks with Ukraine and the United States, but on the security parameters of a final peace deal and not a "short" ceasefire, President Vladimir Putin said Thursday.
At least 16 people have been killed by a powerful magnitude 7 earthquake in Tibet, an autonomous region of China. Dozens more were injured. The quake struck a high mountainous area on Thursday night, according to the state news agency Xinhua, citing local authorities.
Kim Yo Jong, influential sister of North Korean leader Kim Jong Un, has announced that giant loudspeakers will again be installed at the South Korean border to carry out propaganda. At the same time she warned Seoul that if interference in North Korea’s internal affairs continues, South Korea will face the ‘most horrific and painful situation’.
Oil prices rose more than $1 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to supplies from the Middle East.
At least one person was killed and eight others were wounded in an attack on King Fahd International Airport in Dammam, in Saudi Arabia’s Eastern Province, the country’s civil aviation authority said. Several of the injured are in serious condition.