Global oil prices surge following attacks on Saudi Arabia’s Aramco oil plants

An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back. The Iran-aligned Houthi group that controls Yemen’s capital claimed responsibility for… Read More Global oil prices surge following attacks on Saudi Arabia’s Aramco oil plants

Leaders, supporters pay tribute at state funeral of former Zimbabwean president Robert Mugabe

Zimbabwe’s founder Robert Mugabe was honored as an icon, principled leader and African intellectual giant at a state funeral on Saturday, after a week of disputes over his burial threatened to embarrass President Emmerson Mnangagwa. Mugabe led Zimbabwe for 37 years, from independence until he was ousted by the army in November 2017, by which… Read More Leaders, supporters pay tribute at state funeral of former Zimbabwean president Robert Mugabe

Crude flows disrupted following Houthi drone attacks on Saudi oil plants

Yemen’s Iran-aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia’s oil industry, including the world’s biggest petroleum processing facility, in a strike that three sources said had disrupted output and exports. Two sources close to the matter said 5 million barrels per day of crude production had been impacted, close… Read More Crude flows disrupted following Houthi drone attacks on Saudi oil plants

U.S. President Donald Trump fires security adviser John Bolton over foreign policy disagreement

U.S. President Donald Trump abruptly fired his national security adviser John Bolton amid disagreements with his hard-line aide over how to handle foreign policy challenges such as North Korea, Iran, Afghanistan and Russia. “I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many… Read More U.S. President Donald Trump fires security adviser John Bolton over foreign policy disagreement

Malaysia pursues recovery of nearly $1billion disbursed by former 1MDB subsidiary

Malaysia is pursuing civil action to recover about 4 billion ringgit (an equivalent of $954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday. It is the latest action by Malaysian authorities seeking to recover billions of dollars allegedly… Read More Malaysia pursues recovery of nearly $1billion disbursed by former 1MDB subsidiary

Hong Kong leader Carrie Lam withdraws extradition bill following months of protests

Hong Kong leader Carrie Lam on Wednesday withdrew an extradition bill that triggered months of often violent protests so the Chinese-ruled city can move forward from a “highly vulnerable and dangerous” place and find solutions. Her televised announcement came following reports on Friday and Monday revealing that Beijing had thwarted an earlier proposal from Lam… Read More Hong Kong leader Carrie Lam withdraws extradition bill following months of protests