(Investing) – BENGALURU/LONDON – Brent crude fell on Friday after Israel and Hezbollah agreed to a ceasefire, easing concerns over disruptions to Middle East oil supplies and raising hopes of broader de-escalation involving the United States and Iran. Brent crude futures were down 85 cents, or 1.1%, at $79 a barrel by 1303 GMT, and were heading for a weekly decline of
(BOE Report)– The United States imposed sanctions on Thursday against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution, the Treasury Department said. The network of companies run by Iraqi businessman Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil disguised as, or
(Oil & Gas 360) – Over the past few decades, the Assad dictatorship in Syria, supported by Iran and Russia, played a pivotal role in Middle Eastern instability. Syria was the channel by which Russia established a naval base on the Mediterranean and extended its influence to the heart of the Middle East and supported its military in sub-Saharan Africa.
The focus of Israel’s Defense Forces has shifted from the confrontation with Hamas in Gaza to Israel’s northern border with Lebanon where Hezbollah has attacked Israel with missiles for months and displaced thousands of Israelis from their homes.
