More than 40,000 people have been killed in Gaza since war began between Israel and Hamas (File). Paris: After an escalation of hostilities Sunday amid over 10 months of cross-border clashes between Israel and Lebanon’s powerful Hezbollah movement, here are the major eruptions of violence since their 2006 war. The devastating month-long war in the … Read more
Demand worries amid economic recession fears dragged down oil prices, but losses were limited due to the potential loss of supplies from the Middle East and an unexpected drawdown in US crude inventories.The Asian benchmark Brent crude dropped to a low of $75.05 a barrel last week, its lowest level since January. A similar selloff … Read more
Gold prices firmed on Monday amid expectations of a U.S. rate cut in September and rising geopolitical tensions in the Middle East, while focus shifted to the Federal Reserve’s policy meeting due later this week. FUNDAMENTALS * Spot gold was up 0.5% at $2,397.65 per ounce, as of 0025 GMT. U.S. gold futures climbed 0.7% … Read more
Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more
Iranian President will hold meetings with Prime Minister Shehbaz Sharif (File) Islamabad: Amidst spiralling tensions in the Middle East, Iranian President Ebrahim Raisi is set to visit Pakistan on April 22 and hold meetings with Prime Minister Shehbaz Sharif, President Asif Ali Zardari and the military leadership, according to a media report on Monday. The … Read more
The attack will further raise tensions in the Middle East (Representational) Amman, Jordan: Jordan said Sunday a drone attack that killed three US troops did not occur on its territory as Washington reported earlier but at an army base in Syria near the border. Government spokesperson Muhannad Mubaidin said the “attack that targeted the American … Read more
