Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia and Iran. Brent crude futures gained $1.

Oil prices surged on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from more sanctions on Russia and Iran. Brent crude futures gained $2.

Behrouz Esbati said he partially blamed Russia for the fall of Assad's government, in a rare break from Iran's official line on Syria.

The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.

Our planet is the closest it has ever been to a global nuclear holocaust, the scientific community has warned over the past two years.

Iran is reeling from a cratering economy and stinging military setbacks across its sphere of influence in the Middle East. Its bad times are likely to get worse once President-elect Donald Trump returns to the White House with his policy of “maximum pressure” on Iran.

Like any newly elected American President, Donald Trump must all too soon address international affairs that have been much ignored in the election.

Oil rose in the early Asian session amid expectations of tightening supply from Russia and Iran due to Western sanctions, Exness’ Maria Agustina Patti said.

Iran begins this year severely weakened, bereft of most of its regional proxies and its main Middle East ally, Syria. Its economy, wracked by sanctions, is in free fall. Popular discontent is rising,

Vladimir Putin’s Russia is embroiled in war and plagued by systemic decay — and Donald Trump can exploit its weakness to end its campaign of global instability.