Oil prices have soared after OPEC announced cuts to production (Image: Getty) Sterling has slid in early trading after oil prices soared more than five percent after Saudi Arabia and other major oil producers said they would cut production by 1.15 million barrels
Saudi Arabia’s cabinet on Wednesday approved a decision to join the Shanghai Cooperation Organization (SCO), a China-led security bloc, in a sign of its deepening ties with Beijing. Per the state-owned Saudi Press Agency, the Saudi cabinet approved a memorandum granting the
After a landmark agreement to restore ties with Iran, Saudi Arabia is looking to do the same with Syria after more than a decade of hostilities, according to a new report. Several sources close to the matter told Reuters that talks between
Saudi Arabian authorities on Monday released an American citizen sentenced to 19 years in prison for tweeting criticisms of the regime. Saad Almadi, 72, was in prison for more than a year before his Monday release. Almadi confirmed his freedom during a
After years of hostile and frayed relations, Iran and Saudi Arabia have agreed to reestablish diplomatic ties and reopen mutual embassies – a deal reportedly brokered by China that has raised eyebrows across the globe. Over the weekend, Iran claimed that Saudi
Saudi Arabia has reportedly invited Iranian President Ebrahim Raisi for an official state visit after the two sides agreed to restore ties in a peace deal brokered by China. Per the BBC, the invitation came in a letter from Saudi Arabia’s King
A senior Iranian official visited the United Arab Emirates on Thursday, just days after Tehran agreed to restore diplomatic relations with Saudi Arabia in a Chinese-brokered deal that raised hopes of a broader rapprochement across Middle East. Ali Shamkhani, the head of
Saudi Arabia has executed a Jordanian man whose loved ones said he was tortured into giving a false confession to drug-related charges. Hussein Abu al-Khair, 57, was arrested in 2014 after being accused of smuggling amphetamines while crossing into Saudi Arabia from
China is claiming it had no ulterior motives in brokering Friday’s peace talks between Iran and Saudi Arabia that saw the two Middle Eastern countries reestablish diplomatic ties after years of hostility. A spokesperson from the country’s Foreign Ministry said Saturday that
Iran nuclear deal standoff Fox News correspondent Amy Kellogg interviews a former State department official and an advisor to Iran’s nuclear negotiating team on the latest news surrounding the JCPOA. Iran and Saudi Arabia agreed Friday to end years of hostility and