Saudi Arabia says it wants to avert war, tells Iran 'ball is now in its court'
Saudi Arabia's King Salman invites Gulf and Arab leaders to convene emergency summits in Mecca on May 30. Top Iranian ...
Tag: oil
Saudi oil pipeline hit by drones, Iran-backed Houthis claim responsibility
Saudi energy minister decries "cowardly" attacks, says recent acts of sabotage target not only Saudi Arabia but world's energy supply ...
US official in Beirut to discuss border dispute with Israel
Lebanon has long sought energy development but political bickering and dispute with Israel over maritime border has caused delays. Two ...
Saudi Arabia retaliates hours after Houthis attack oil facilities
Houthi rebels in Yemen, who are backed by Saudi Arabia's arch-rival Iran, claim attack on Saudi oil pipelines. Incident comes ...
US-Iran conflict could break out 'by accident,' Britain warns
U.K. Foreign Secretary Jeremy Hunt says "unintended" escalation could snowball after U.S. announces deployment of aircraft carrier to Persian Gulf.
Arab League condemns attacks on Saudi tankers
After Saudi Arabia announces "significant damage" to two of its oil tankers off the coast of the UAE, the U.S. ...
Qatar says tightening Iran sanctions harms oil consuming nations
"We do not believe unilateral sanctions bring positive effects for crises which must be solved through dialogue and dialogue only," ...
Iran vows to keep exporting crude oil despite US sanctions
Meanwhile, Saudi energy minister tells Russian state news that Saudi Arabia is ready to meet oil consumers' demand by replacing ...
Iran: Leaving nuclear treaty one of 'many options' after US sanctions move
Foreign Minister Javad Zarif tells state broadcaster that authorities are considering "numerous" options in response to U.S. ending waivers for ...
Oil prices rise after US oil sanctions decision
U.S. President Donald Trump tweets that Saudi Arabia and other OPEC nations will "more than make up the difference" in ...