JERUSALEM—Israeli Prime Minister Naftali Bennett on Sunday made a historic trip to the United Arab Emirates, the first visit by an Israeli premier, as part of a blitz of regional diplomacy against the backdrop of struggling nuclear talks with Iran. Israel has watched with concern as Iran has pushed a hard line against negotiators meeting…
Blast in Palestinian Camp in South Lebanon Injures About a Dozen
BEIRUT—A large explosion rocked a Palestinian camp in the southern Lebanese port city of Tyre on Friday night, injuring about a dozen people, according to rescue workers on the scene and a Palestinian source inside the camp. The state-run National News Agency (NNA) reported an unspecified number of deaths, but local media and civil defense…
Oil Prices on Track for Biggest Weekly Gain Since August
December 10, 2021
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LONDON—Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand. The Brent and WTI benchmarks were both on course for gains of more than 7 percent this week, their first weekly gain…
Oil Slips After Restrictions to Counter Omicron Variant
December 9, 2021
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LONDON—Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by comments from vaccine makers about the efficacy of their jabs. Brent crude futures fell 47 cents, or 0.6 percent, to $75.35 a barrel by 1004 GMT after touching…
UK Foreign Secretary Acknowledges ‘Lessons to Be Learned’ Following Damning Testimony on Afghan Airlift
There are “clearly” lessons to be learned from the UK’s evacuation of British and Afghan civilians from Kabul, Foreign Secretary Liz Truss said on Wednesday. It comes after a whistleblower said the part of the operation that was overseen by the Foreign, Commonwealth, and Development Office (FCDO) was poorly equipped and badly coordinated, the prioritisation process was…
Oil Steadies Near $75 as Investors Assess Omicron’s Impact
December 8, 2021
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LONDON—Oil prices steadied near $75 a barrel on Wednesday, taking a breather after strong gains earlier this week, as investors continued to assess the impact of the Omicron coronavirus variant on the global economy and fuel demand. Brent crude futures dropped 19 cents, or 0.25 percent, to $75.25 a barrel at 0925 GMT, after settling…
Iraq Puts on Display Ancient Artifacts Returned by US
BAGHDAD—Ancient artifacts looted and smuggled out of Iraq after the U.S. invasion in 2003 were put on display in Baghdad on Tuesday. Among the artifacts returned by the United States was a 3,500-year-old clay tablet bearing part of the Epic of Gilgamesh, the ancient Sumerian tale believed to be one of the world’s first pieces…
Omicron Threatens Asia Oil Demand Just as Pricing Favours Atlantic Crude
December 7, 2021
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LONDON—Recent shifts in the relative price of different crude grades have dealt oil exporters from the vast Atlantic Ocean basin the best chance in months to sell to top consuming region Asia, but sales have been sluggish as COVID-19 fears cool demand. The Omicron coronavirus variant has curbed oil consumption in Asia just as U.S….
Motorcycle Explosion in Southern Iraqi City Kills at Least 4
BASRA, Iraq—An explosion rocked the center of Iraq’s southern city of Basra on Monday, killing at least four people and wounding four others, according to Iraqi security forces. The blast sent a column of black smoke into the sky. The governor of Basra, Asaad al-Idani, told reporters on the scene that a motorcycle had exploded….
Oil Climbs More Than 2 Percent on Easing Omicron Fears, Iran Delay
December 7, 2021
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LONDON—Oil prices extended gains on Tuesday from a near 5 percent rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased and Iran nuclear talks stalled, delaying the return of Iranian crude. Brent crude futures were up $1.66, or 2.3 percent, at $74.74 a barrel by…
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