By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Brent crude futures settled down $3.53, or 4.6%,…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Tuesday imposed punitive measures on two Syrian money service businesses it said help the government maintain access to the international financial system in violation of sanctions, in Washington’s first action targeting Syria since its readmittance to the Arab League. The U.S. Treasury Department in a…
ISTANBUL (Reuters) – A Turkish court acquitted three people over former Nissan boss Carlos Ghosn’s escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the defendants said on Tuesday. A jet company executive and two pilots, who were detained for several months, were convicted to four years and two months in…
LONDON (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, after several members pledged unilateral cuts. The…
By Parisa Hafezi DUBAI (Reuters) – A Revolutionary Court in Iran on Tuesday began the trial of a female journalist behind closed doors on charges linked to her coverage of a Kurdish-Iranian woman whose death in custody last year sparked months of unrest, her husband said on Twitter. Mahsa Amini’s death while held by the…
ANKARA (Reuters) – Turkey called on NATO hopeful Sweden on Tuesday to prosecute those responsible for projecting the flag of an outlawed group onto the parliament building in Stockholm, on the day of Turkish elections that extended President Tayyip Erdogan’s rule. A Swedish parliament spokesperson said a number of people projected messages onto the building…
LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at 1047 GMT…
By Sabine Siebold BRUSSELS (Reuters) – NATO foreign ministers will seek to narrow divisions over Ukraine’s membership bid at a meeting in Oslo this week, with allies at odds over calls to grant Kyiv a road map to accession at their July summit. NATO has not acceded to Ukraine’s request for fast-track membership as Western…
By Dan Williams JERUSALEM (Reuters) – A top Israeli official played down prospects for a U.S.-brokered diplomatic breakthrough with Saudi Arabia on Tuesday, describing Prime Minister Benjamin Netanyahu’s government as “in a fog” on any progress in related talks between Riyadh and Washington. Deeming the forging of formal Israeli-Saudi ties a U.S. interest, President Joe…
ISTANBUL (Reuters) – Tayyip Erdogan extended his rule into a third decade by defeating Kemal Kilicdaroglu in Turkey’s presidential election on Sunday. Here are details on how it unfolded: WHAT WERE THE FINAL RESULTS? In the first round of elections on May 14, Erdogan received 27.13 million votes and his rival Kilicdaroglu 24.60 million votes,…
