Iran raises prices of food staples, stirring panic and anger

Iran abruptly raised prices as much as 300% for a variety of staples such as cooking oil, chicken, eggs and milk on Thursday. Scores of alarmed Iranians waited in long lines to snatch up bundles of food and emptied supermarket shelves across the countr…

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Biden Admin Cancels Sale of Gulf of Mexico, Alaska Oil and Gas Leases as Gas Prices Soar to All-Time Highs

The Biden administration has now canceled one of the most high-profile oil and gas lease sales in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record highs.

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Sri Lanka Has New Leader As Violence Spreads

Bankrupt Sri Lanka appointed a new prime minister hoping to quell worsening civil unrest in which at least nine people died this week, and more than 300 were injured.

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Energean makes commercial gas discovery off Israeli coast

Greek oil and gas firm Energean announced on Monday a commercial gas discovery at its Athena exploration well in Israel’s Exclusive Economic Zone.

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Son Dictator Philippines Wins Election

Nearly four decades after the ouster of their dictator, Filipinos chose his son and namesake to lead the Philippines as its next president, official results showed.

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Hungary Refuses To Join Oil Embargo; EU Chief Returns Empty-Handed

The European Union’s chief executive left Budapest empty-handed Monday after failing to convince Hungary to agree on an EU oil embargo against Russia.

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