Oil markets have long been central to discussions of the global economy, and fluctuations in oil prices frequently gain widespread attention. This column explores the impact of the rising use of fracking on how oil markets are best conceived within modern macroeconomic theory. The author’s model predicts that as fracking …

Senior U.S. officials have held a first direct meeting with officials from the Iran-aligned Houthi movement that controls Yemen’s capital, two sources familiar with the matter said, as the new U.S. administration pushes to end a six-year war. The discussions, which have not been officially made public by either side, …

U.N. human rights experts called on Saudi Arabia on Wednesday to free three young Shi’ite Muslims whose death sentences for taking part in protests as minors have been commuted, citing allegations of torture and unfair trials. The kingdom’s human rights record has come under growing U.N. and Western scrutiny. The …