Oil prices rose for the fourth straight day on Monday to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.
Saudi Arabia’s crown prince said Israelis are entitled to live peacefully on their own land in an interview published on Monday in U.S. magazine The Atlantic, another public sign of ties between Riyadh and Tel Aviv appearing to grow closer. Asked if he believes the Jewish people have a right to a nation-state in at least part of their ancestral homeland, Mohammed bin Salman was quoted as saying:
An Argentine Federal Court in Buenos Aires City confirmed the indictment and preventive imprisonment of ex president Cristina Fernandez, one of several defendants under investigation for the alleged cover up of the attack against a Jewish organization, by signing a memorandum of understanding with Teheran considered the culprit of the 1994 carnage which cost 85 lives and hundreds injured.
A federal judge in Argentina indicted former President Cristina Fernandez for treason and asked for her arrest for allegedly covering up Iran’s possible role in the 1994 bombing of a Jewish community center that killed 85 people and injured hundreds, a court ruling said.
A new toxicology report on the body of Alberto Nisman, the late Argentine prosecutor, found that ketamine and clonazepam were in his blood at the time his death, Argentine federal criminal prosecutor Ricardo Saenz announced this week.
U.S. President Donald Trump said on Tuesday that the United States will be forced to “totally destroy” North Korea unless Pyongyang backs down from its nuclear challenge, mocking North Korean leader Kim Jong Un as a “rocket man” on a suicide mission.
Russia, Syria and Iran have warned the United States against launching new strikes on Syria and called for an international investigation into the chemical weapons attack in Syria.
After accusing the United States of violating their nuclear deal, Iran’s President Hassan Rouhani has ordered the head of the country’s Atomic Energy Organisation to outline the development of nuclear-powered warships.
As the Organization of Petroleum Exporting Countries (OPEC) has reached a deal among all 14 members to cut oil production for the first time since 2008, Russia's Energy Minister Alexander Novak said his country was ready to do its part by reducing 300,000 barrels per day in the first half of 2017, provided OPEC adheres to the level of 32.5 mln barrels daily adjusted for Indonesia and on condition of maximum reciprocity from other non-OPEC countries. Russia is not an OPEC member.
Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media spectacle, the oil markets may have to shift their attention back to the supply and demand fundamentals, which are not reassuring