Lebanese government raises the price of gasoline by 16% as it moves to end fuel subsidies

The latest price hike comes just four days after authorities increased fuel prices by 37 percent

Lavrov welcomes Saudi FM to Moscow

Simmering tensions between the White House and Saudi Arabia have led the kingdom to deepen cooperation with other partners, such as Russia and China

Taliban looks to Russia, Iran, Pakistan for investments

In 2022, Afghanistan signed agreements with the Russian Federation to ship one million tons of gasoline, diesel, 500,000 tons of liquefied petroleum gas, and two million tons of wheat annually to Afghanistan

Iran’s revolution at 44: A struggling economy with big potential

Forty-four years on from the Islamic Revolution, Iran boasts a more diversified economy, advances in technology, and major development milestones - despite decades of western sanctions aimed at hindering such progress.

Putin stresses need to help Afghanistan, blasts west for turning a blind eye to crisis

The Russian leader warned that terror groups have been stepping up their activities in Afghanistan since the disastrous withdrawal of US troops in 2021

Iranian oil exports to Pakistan hindered by sanctions and thriving black market

Despite defying US sanctions on Russian fuel imports, Islamabad has shied away from doing the same with Tehran, hindering potential lucrative bilateral trade between the two neighboring states. 

Pakistan will purchase Russian oil despite western threats of sanctions: Oil Minister

Moscow says the oil purchases will be carried out 'in the currencies of friendly countries'

Gebran Bassil calls for deportation of Syrian refugees

Gebran Bassil proposed an amendment to the law which regulates the entry and residency of Syrians in Lebanon

Saudi Arabia to build $11bn petrochemical complex with France’s Total

Fuel-starved France has been building up bonds with Saudi Arabia and the UAE, while also providing military support for the brutal war in Yemen

Jordan tries to avoid govt collapse by providing cash incentives to transport sector

Over the past two years, the Jordanian government hiked gasoline prices 16 times, triggering an outbreak of nationwide strikes

Stolen Syrian oil: The fuel for Syria’s partition

The role of the US military in stealing Syria’s oil runs deeper than mere petty theft. The funds are used to prop up Kurdish self-rule and ensure Syria's geographic division.

UAE ambassador receives Religious Zionist party leader

Last month, the UAE's foreign minister warned Netanyahu that including Smotrich and Ben-Gvir in the new government could harm relations between the two countries

Russia to provide Pakistan with wheat, oil

A source from Pakistan's ministry of energy revealed that Russia could provide 100,000 bpd of crude oil

Netanyahu reaches coalition agreement with Religious Zionism party

Gaining greater control over Palestinian territory was a key demand for the party, which advocated for the construction of illegal settlements

Vladimir Putin discusses western oil price cap with Iraqi PM

Russia and Iraq both agreed to the recent OPEC+ decision to reduce oil production due to global recession fears

Ansarallah threatens to target oil ships in ports under Saudi control

The Yemeni Armed Forces advised foreign companies complicit in the plundering of Yemen's wealth to take the Ansarallah's warnings seriously

Leader of anti-Arab extremist party redoubles push to control Israeli defense ministry

The extremist Religious Zionist party reportedly wants control of the defense, education, and religious affairs ministries

Syria in control of only one oilfield in US-occupied Deir Ezzor: Official

US occupation troops plunder at least 80 percent of Syria's daily oil production, as Washington has established over two dozen illegal military bases in the resource-rich northeast

Iraq invites Russia to cooperate in joint energy projects

Despite a $27 billion contract with Total to produce gas, Iraq asked Russia to use its expertise to help lower flaring in its gas fields

Biden turns to emergency oil reserves after latest snub from Gulf partners

The SPR has shrunk to its lowest levels in nearly four decades, as Washington continues to use the emergency reserves to keep fuel prices down

Saudi crude oil exports on the rise despite OPEC+ output cut

Saudi Arabia's increase in daily production compensates for the shortfall of other oil producing economies

Venezuela begins refining 100,000 barrels of Iranian crude per day

Iran has become an instrumental partner for Venezuela, helping the besieged nation revive an oil industry that for years has been the target of US sanctions and sabotage attacks

Oil cuts: A perfect storm in US foreign policy 

The Biden administration’s poor dealings with oil producing countries will have major political and economic ramifications for the west

OPEC+ production cut ‘a victory for common sense’: Kremlin

Moscow says the production cut counterbalances the 'mayhem' caused by Washington over recent months

Washington blasts OPEC+ supply cuts, threatens to reexamine anti-OPEC law

Ignoring the extensive lobbying by senior White House officials, Gulf nations delivered a blow to the US in their bid to provide 'stability and security to energy markets'

OPEC+ proposes output cut of two million barrels per day despite US pressure

The White House scrambled to persuade its Gulf allies to stop the production cut, with senior officials calling the move a potential 'hostile act'

Russia inks deal to supply Afghanistan with fuel and grain

Afghanistan has been grappling with an acute food crisis and the resurgence of ISIS in the country, whose ranks have been bolstered by US-trained operatives

Russia, Saudi Arabia enhance ties away from US

The US moral stance against MbS has negatively impacted its efforts to lower gas prices and effectively sanction Russia

Iran delivers third supertanker to Venezuela

In recent months, the two nations targeted by US sanctions have deepened cooperation in the fields of oil, agriculture, and food production

New depositor holds up Lebanese bank as activists warn of ‘daily raids’

Desperate Lebanese citizens have been holding up banks in a last-ditch attempt to retrieve their savings, after getting locked out from their money for the last three years