Stay updated with breaking news from Beirut notjust. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brent crudejumping as much as 5 , though its since fallen back. Iran is the seventh largest Oil Producer in the world. The markets fear a further escalation of the conflict in the Middle East could mean iran blocks the Straits Of Hormuz a key waterway for Oil And Gas shipments. Meanwhile, israels Military Offensive against the iranian backed Hezbollah Militia goes on after the killing of its leader Hassan Nasrallah last week. Lebanese officials say at least nine people were killed and 14 injured in an israeli Air Strike on a building in central b ....