The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are unable to raise production due to the US-Israeli war on Iran. The war has effectively blocked the Strait of Hormuz … Read moreOPEC+ agrees to hike oil output, warns of slow recovery after attacks
As the United States-Israel war on Iran continues to dominate international headlines, below is a roundup of some of the stories you may have missed on Tuesday. Syrian ex-colonel faces crimes against humanity case in London A former Syrian colonel living in the United Kingdom has appeared before a London court to face crimes against … Read moreFive stories you may have missed amid US-Israeli war on Iran
The 32 member states of the International Energy Agency’s (IEA) have held an emergency meeting to assess the situation in the Middle East as the US-Israeli war on Iran continues to roil global energy markets. Fatih Birol, the agency’s executive director, said the talks on Tuesday aimed to assess “the current security of supply and … Read moreIEA holds talks as member states mull releasing oil reserves amid Iran war