Saudi Arabia’s energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to “manipulate markets”, the latest apparent salvo in a spat with Washington over oil production. “People are depleting their emergency stocks, had depleted it, used it as a mechanism to manipulate markets while its profound purpose was to mitigate…
For the fifth time in four years, Israelis will return to the ballot box to vote for a new government. There is little indication that the next election will have a definitive result. Israelis may have to endure repeated elections beyond 2022 simply to get a slim majority to form a coalition government — and…
When the political skies clear, it could easily be Beijing, and not Washington, that gains ground in the region As the war in Ukraine enters its third month, more convergence has emerged between China and key states in the Middle East. Motivated by a shared frustration with the United States, China and its Middle East…
When the Abraham Accords were unveiled in 2020, Iran denounced the United Arab Emirates’ (UAE) decision to normalize relations with Israel as a dangerous step threatening its security as well as the Palestinians’. Just a day after the agreement was signed, on September 15, 2021, the Iranian foreign ministry condemned the pact as “strategic idiocy”…
Talks between Riyadh and Beijing have accelerated as the Saudi unhappiness grows with Washington. Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark…
Sasse warned of what could happen if other countries view the U.S. as ‘weak.’ News that Saudi Arabia is considering pricing oil sales to China using the Chinese yuan instead of the U.S. dollar has Sen. Ben Sasse, R-Neb., concerned the U.S. could be losing its footing on the world stage. In an interview with…
Possible Middle East visit by UK prime minister to discuss energy market volatility comes in wake of mass execution. Boris Johnson, UK prime minister, is facing a daunting diplomatic mission this week to persuade a reluctant Saudi Arabia to pump more oil to ease market volatility following Russia’s invasion of Ukraine. Downing Street said Johnson…
Nov 21 (Reuters) – Saudi Arabia’s stock market posted its biggest one-day drop in more than a year on Sunday, a day after Yemen’s Iran-aligned Houthis said they had fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah. read more The Saudi-led coalition battling the Houthis in Yemen had…
The weather continues to present unpleasant surprises. Powerful downpours hit the city of Taif, causing a real flood. On the streets washed with powerful streams of water, cars and people were carrying. Heavy rain across Saudi Arabia has caused flooding in several regions, while thick snow blanketed some areas of Ha’il city and the ‘Asir…
Former US Secretary of State Mike Pompeo spoke, in an exclusive interview with Arab News, about the sustained threat the Iranian regime poses. (AN Photo/Screenshot) Former secretary of state says protecting US soldiers in Middle East requires strong response to Iran’s actions Says to deny Saudis “capacity to defend themselves is just crazy” and blames…