Brent crude oil shot up nearly 6 per cent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies.
The strike against Houthi rebels, w
The United Nations warned that Yemen is "collapsing before our eyes", on the brink of civil war and prime for Al Qaeda militants to grow stronger in the country as talks on a political settlement continue.
Al Qaeda and o
Saudi Arabia's move to slash the price it charges in Asia for its oil this week to the lowest in more than a decade is the latest aggressive action by Gulf states to defend market share in the world's top oil consuming region.
Iraq may need three years to rebuild and restructure its military, Prime Minister Haider Al-Abadi said on Sunday, as the country battles Islamic State militants who pose the biggest threat to its security since the fall of Saddam Hussein in 2003
Iraq’s top diplomat has described the global fight against the Islamic State as a 'Third World War'.
Iraqi Foreign Minister Dr Ibrahim Al Jaafari said efforts to eradicate the extremist movement, which has taken ove
The United States is considering imposing sanctions on Libya's combative factions to prevent a proxy conflict fueled by regional powers from erupting into full-blown civil war and to force militant leaders to negotiate, US officials said.
Kuwait, Saudi Arabia's traditional Gulf ally, is challenging its bigger neighbour in an increasingly competitive battle for market share as it sells oil to buyers in Asia at the widest discount to a comparable Saudi grade in 10 years.
The changing fortunes of war in northern Iraq are recorded in layers of graffiti daubed on the walls of villages overrun by Islamic State militants this summer, but since re-appropriated by Kurdish peshmerga forces.
When South Sudan was born, the world's youngest country had generous Western allies and sturdy oil exports, a formula that offered a chance to build a modern economy and drag its people out of their daily struggle to feed themselves.
American-led and Arab-backed air strikes carrying the fight against Islamic State from Iraq into Syria have dragged Washington into a new Middle East war - exactly the kind of conflict Barack Obama spent his presidency trying to avoid.