The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest-ever sale from the reserve in 2022 of 180 million barrels to control fuel prices following Russia’s invasion of Ukraine. The US bought 3.5 million barrels from Exxon Mobil (XOM.N), opened a new tab, 2 million from Shell Trading […]
Hezbollah has yet to issue any statement on the status of Nasrallah, who has led the group for 32 years. The Israeli military “eliminated … Hassan Nasrallah, leader of the Hezbollah terrorist organization,” Israeli army spokesperson Avichay Adraee wrote in a statement on X. “Hassan Nasrallah will no longer be able to terrorize the world,” […]
One of the security officials said a large-scale operation is underway by the IRGC to inspect all devices, not just communication equipment. He said most of these devices were either homemade or imported from China and Russia. Iran was concerned about infiltration by Israeli agents, including Iranians on Israel’s payroll and a thorough investigation of […]
Brent crude futures for November rose 8 cents to $73.73 a barrel by 0015 GMT, while WTI crude futures for October declined 3 cents to $70.88 a barrel. The U.S. central bank cut interest rates by half a percentage point on Wednesday. Interest rate cuts typically boost economic activity and energy demand, but the market […]
The leader of Lebanon’s militant Hezbollah group on Friday expressed his support for Iran talks with Saudi Arabia and the US. In a televised address, Hassan Nasrallah said that Iran talks with Saudi Arabia and the US would benefit Tehran and its allies, while also calming regional tensions. Iran is a top backer of Hezbollah. The […]
