A tanker carrying badly needed fuel arrived in Yemen’s blockaded port of Hodeida on Sunday, as a cease-fire meant to stop the fighting in the war-torn country for two months entered its first full day.
Japan's wholesale inflation hit a four-decade high in October, following a similar spike in China's factory gate prices as supply bottlenecks and rising commodity costs threatened Asian corporate profits.
Iran’s Oil Minister Javad Owji said exports of petroleum products from the country including fuel will resume within the next two weeks amid plans by refiners to ramp up output to respond to a growing domestic demand and to increase overseas shipments.
The head of Iran’s Passive Defense Organization said the United States and Israel were likely the culprits behind a cyberattack that interrupted the sales of fuel at gas stations across the country, but said a technical investigation was yet to be completed.
The Lebanese Hezbollah resistance movement announced the arrival of a second Iranian tanker ship loaded with diesel in Syria in order to help ease crippling fuel shortages in crisis-stricken Lebanon amid a dire economic crisis.
The United States has imposed sanctions on Lebanon and Kuwait-based financial conduits as well as financial facilitators and front companies that accused of funding and supporting the Lebanese resistance group Hezbollah and Iran.