Iranians have grown accustomed to high inflation and rising prices, yet recent macroeconomic trends are unprecedented. Iran’s official inflation rate is reaching new highs. The Statistical Center of Iran (SCI) — the country’s main statistics agency — reported a monthly inflation rate of 12.2% and a point-to-point rate of 52.5% …

Time is running out to prevent what Yemen envoy Tim Lenderking warns will be a “massive oil spill the likes of which the world has not seen.” Off the coast of Yemen lies an aging oil tanker that could rupture at any moment. Experts say it’s not a matter of …

With Syria’s sole remaining route for cross-border aid in peril, a London-based oil company is lobbying for an initiative that would see the proceeds of Syrian oil being used for aid, with the money going to the UN rather than Damascus. Russia vetoed a UN security resolution on Friday that …