Crude oil prices showed no signs of losing momentum as price of the international Brent crude oil hit highs of $75 a barrel. The gains, which mark the highest high in nearly three and a half years, came about after mounting concerns that the U.S. administration could hit Iran with sanctions. Reports suggest that the U.S. administration will d...
In the past two weeks, tensions were rising significantly between Qatar and some Arab countries, mostly GCC countries. The Arab countries including Saudi Arabia, UAE, Bahrain, and Egypt issued an ultimatum to Qatar, giving 10 days to react to these demands. Otherwise, threatened Saudi Arabia, things will escalate further. Qatar did not respon...
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