Author: Steven Sahiounie

Crude prices had previously surged nearly 3% due to ongoing tensions in the Middle East and an outage in Libya

The Purchasing Managers’ Index has been in decline for seven consecutive months

Concerns surrounding the world’s most valuable company have sent shockwaves through the industry

Saudi Arabia condemns remarks made by two Israeli ministers who called for displacing Palestinians from Gaza, the foreign ministry said on Thursday. The ministry expressed the Kingdom’s “categorical rejection of the extremist remarks by two ministers in the Israeli occupation government, who called for the displacement of the population of Gaza,” said an English translation of the statement on the Saudi Press Agency. Israel’s Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir have called this week for Palestinians to be displaced from Gaza. Smotrich said there will be a need to return settlers to the enclave if…

In a statement by the White House national security spokesperson, he stressed that “Israel” is not capable of eliminating the Palestinian Resistance movement, Hamas . White House National Security spokesperson John Kirby stated on Wednesday that the United States intends to maintain a substantial military presence in the Middle East amid the ongoing Israeli war on Gaza. The White House stated on Wednesday that Hamas maintains a “significant force posture” inside Gaza despite nearly three months of Israeli forces “attempting” to eliminate Hamas – but instead killed thousands of Palestinian civilians. Kirby mentioned that it is an “attainable goal” for…

The Palestine Presidency has Thursday expressed its condemnation and rejection of the murder of innocent civilians that took place in the Iranian city of Kerman , in which hundreds of people were killed and wounded as a result of this painful event. The Presidency expressed its condolences to the families of the victims and the Iranian people in Kerman , and its wishes for a speedy recovery for the wounded, stressing its permanent and absolute rejection of the killing of innocent people anywhere in the world, and its rejection as well of the policy of assassinations, whether in Palestine or…

The Israeli occupation carried out the strike that killed Hamas deputy politburo chief Saleh al-Arouri in the southern suburbs of Beirut, a US defense official said Wednesday. “The strike was an Israeli strike,” the US official told AFP, who did not reveal their identity. This comes after US State Department spokesperson Matthew Miller said that the United States was not given a heads-up prior to the drone strike that killed Hamas’ second-in-command. “We were not informed in advance,” Miller said when asked whether the US was alerted ahead of the strike that led to al-Arouri’s martyrdom. The Deputy Chief of the Political…

US Secretary of State Antony Blinken will leave Thursday on his fourth crisis trip to the Middle East, an official said, as fears mount that the Israel-Hamas conflict will spiral into a regional war. The top US diplomat will leave Thursday evening from Washington on a trip that will include Israel, the US official said Wednesday on condition of anonymity.The official did not offer any further detail but Blinken on previous trips has visited a number of Arab countries in Middle east .It will mark Blinken’s fourth trip to the region and fifth to Israel — excluding a visit accompanying…

The International Court of Justice ( ICJ ) will hold its first hearing on Thursday, January 11, to consider the lawsuit filed by the Republic of South Africa against Israel accusing it of crimes of genocide against Palestinians in Gaza. Spokesperson of the South African Department of International Relations and Cooperation, Clayson Monyela, said in a post on X that the hearing is scheduled for January 11th in The Hague and will continue until the next day. He stressed that his country is continuing with its preparations in this regard. In a related context, South African Foreign Minister Naledi Pandor called…

The US emerged as the globe’s largest exporter of liquefied natural gas (LNG) for the global market in 2023, Reuters reported on Wednesday, citing tanker tracking and government data. Australia came in second, while Qatar, which ranked first in 2022, saw its output drop by 1.9% and slid to third place.