middle east news

U.S. announces submarine move to Middle East amid Israel-Iran tensions

U.S. announces submarine move to Middle East amid Israel-Iran tensions

U.S. Secretary of Defence Lloyd Austin,. File photo | Photo Credit: AFP U.S. Defence Secretary Lloyd Austin has ordered the deployment of a guided missile submarine to the Middle East, the Pentagon said on Sunday (August 11, 2024) as the region braces for possible attacks by Iran and its allies after the killing of senior …

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Oil reports biggest annual drop since 2020, declines 10% in 2023 on demand-supply concerns; Brent sits at $77/bbl

Oil reports biggest annual drop since 2020, declines 10% in 2023 on demand-supply concerns; Brent sits at /bbl

Crude futures lost over 10 per cent in 2023 in a volatile year of trading and reported their biggest annual drop since 2020, marked by geopolitical conflict in the Middle East and concerns about the oil output levels of major producers around the world. Organisation of Petroleum Exporting Countries (OPEC) is currently cutting output by …

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