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New York: Iranian oil exports are declining ahead of a second round of US sanctions to be imposed on Nov. 4 and Iran's economy is likely to contract 3...

New York: US President Donald Trump on Tuesday said he would not meet Iranian President Hassan Rouhani as world leaders gathered in New York but signaled he...

London: Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent US sanctions on Iranian crude exports and the apparent reluctance of...

At a meeting in Washington after Donald Trump pulled out of the Iran nuclear deal in May, a senior US official told European diplomats that their efforts to...

Muscat: Oman’s economy can expect to stabilise now that the oil price has risen to a four-year high, and is likely to stay at this level for the...

Muscat: Minister of Health Dr. Ahmed bin Mohammed Al Saidi inaugurated the eighth edition of the Oman Health Exhibition and Conference at the Oman...

Moscow: Russia announced on Monday it will supply an S-300 surface-to-air missile system to Syria in two weeks against strong Israeli objections, a week...

London: Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production...

Algiers: OPEC leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate additional increase in...

Muscat: The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2 per cent gain...