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Why The Saudis Can’t Keep A Lid On Oil Prices

Saudi Arabia is incapable of offsetting all of Iran’s crude oil supplies, according to the latest oil market message shared by several analysts who spoke to CNBC.

Chinese Refiners Boycott US Oil , Turns to Iranian Crude

China, the second largest buyer of US Oil, has stopped importing crude from the United States, at a time when the world's biggest economy is fighting an escalating trade war.

EU Parliament Calls for Cessation of Aggression against Yemen

The European Parliament condemned the continuation of the war on Yemen and the violations against civilians, calling on Saudi Arabia to immediately stop their aggression and lift the embargo.

Saudis Sign Major African Arms Deals amid Yemen War

Saudi Arabia is currently in talks with major arms manufacturers of South Africa for wide-ranging deals, a state military firm says, as a Riyadh-led military coalition continues to pound the impoverished Yemeni nation in a war imposed on the Arabian Peninsula country more than three and a half years ago.

Iran to Saudi: Let’s Build Strong Region, Stop US Conceit

Foreign Minister Mohammad Javad Zarif says Iran is prepared to cooperate with Saudi Arabia in order to build a strong region together and put an end to the US humiliation of regional countries.

Turkey Summons Saudi Envoy over Missing Journalist

Turkish authorities have summoned Saudi Arabia's ambassador to Ankara over the disappearance of prominent Saudi dissident and journalist Jamal Khashoggi after he visited the kingdom’s consulate in Turkey’s largest city of Istanbul.

Iran’s Army Commander Vows Severe Blows to Enemies

Iran’s Army Commander Major General Abdolrahim Mousavi described the security of the people as “a red line” and said in response to enemies’ blows, the Armed Forces of the country will deal a harsher blow.

US Provides $38 Billion Aid to the Israeli Regime

The US military aid agreement for the Israeli regime entity, which includes $38 billion over 10 years, began today.

Saudi Raises Oil Output to Please Donald Trump

Saudi Arabia has raised its oil production to 10.7 million barrels per day since the beginning of October, to fulfill demands by US President Donald Trump.

Angry Workers Clash with Saudi Police

Clashes have broken out between police forces and workers at an industrial free zone in Saudi Arabia’s Shia-populated and oil-rich Eastern Province during riots over unpaid wages.

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