Oil prices could rise as high as $150 per barrel because of the European Union ban on imports of Iranian crude, the country's deputy oil minister was quoted as saying by the official IRNA news agency on Sunday.
Throughout all of Europe we have seen the rise in the polls of extreme right political parties.
Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.
ConocoPhillips, the third largest energy company in the U.S., is expected to post higher fourth-quarter earnings as soaring crude oil prices offset big losses anticipated in the company's refining operations.
Mehmanparast also intimated that the EU is simply bowing to pressure from the United States,
Mustafa Mohammed Abdul Jalil, the chairman of Libya's ruling National Transitional Council (NTC), warned on Sunday the country could be heading toward a bottomless pit after protesters stormed a government office in Benghazi while he was inside.
The new Libyan government now has until the end of April to propose a new plan to destroy all remaining dangerous chemical materials.
Twelve people were killed Monday in Syria, where a peace plan monitored by Arab observers has failed to douse a 10-month-old struggle between President Bashar al-Assad and his foes.
Twelve people were killed on Monday in Syria where a peace plan monitored by Arab observers has failed to douse a 10-month-old struggle between President Bashar al-Assad and his foes.
The U.N. chief told Bashar al-Assad Sunday to stop killing your people and the Syrian leader offered an amnesty for crimes committed during a 10-month-old revolt against him.
The United Nations chief told Bashar al-Assad on Sunday to stop killing your people, and the Syrian leader offered an amnesty for so-called crimes committed during a 10-month-old revolt against him.
Tunisia is one of the few Arab Muslim countries that still has a significant Jewish community (which traces its origins back 2,000 years).
Tunisians Saturday marked the first anniversary of the revolution that started the Arab Spring with celebrations that were true to the spirit of the revolt: raucous, unscripted and driven by the energy of ordinary people.
A memo that triggered a U.S. investigation into a possible cyber-attack by Indian military intelligence is probably a fake, but it is clear from leaked documents that serious security breaches did take place.
Syria's President Bashar al-Assad, locked in a violent struggle against a wave of unrest, is to make a speech Tuesday on the internal issue and international and regional developments, state media said Monday night.
In a statement from the White House State Dining Room, President Obama praised Daley's contributions to his administration during his short time of service.
Bashir is regarded as a war criminal in the West and is wanted by the International Criminal Court (ICC) on charges he committed genocide in connection with the mass murder of people in the Darfur.
A brewing crisis in the Middle East is causing an almost daily uptick in oil prices but early signs of a rebound in the U.S. economy is indeed offering substantial tailwind to crude too.
The Obama administration will unveil a more realistic vision for the military Thursday, with plans to cut tens of thousands of ground troops and invest more in air and sea power at a time of fiscal restraint, officials familiar with the plans said Wednesday.
Militias clashed with government security troops in Tripoli, Libya on Tuesday, casting a blow to the country's attempt at forming a new government.
Rumors have persisted for many years that Gaddafi might have been Jewish.
It surely has been an eventful year with popular uprisings, dictators being deposed or slain, royal marriages, celebrity divorces, and thrilling sports achievements, so here's a look at some of the top moments of 2011 as compiled by the IBTimes.
