Oil prices soar
An attack on Saudi Arabia that shut 5 percent of global crude output triggered the biggest surge in oil prices since 1991, after US officials blamed Iran and President Donald Trump said Washington was “locked and loaded” to retaliate.
The Iran-aligned Houthi movement that controls Yemen’s capital claimed responsibility for the attack, which damaged the world’s biggest crude oil processing plant. Iran denied blame and said it was ready for “full-fledged war”. Two sources briefed on state oil company Saudi Aramco’s operations told Reuters it might take months for Saudi oil production to return to normal.
You Might Also Like
-
Business Reporter National trade development and promotion agency, ZimTrade, is organising an outward seller mission to Angola designed to enhance linkages between local exporters and leading buyers in that market. The Zimbabwe-Angola Trade Mission, scheduled for 14-16 May will feature a comprehensive programme designed to foster connections between the Angolan and Zimbabwean private sectors. This […]
Agriculture Journal
Comments