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BREAKING
Iran: Iranian TV: Iranian air defenses shot down an Israeli Hermes 900 drone over Markazi Province, central Iran
Nour News, citing Iranian Armed Forces: 20th wave of Operation Truthful Promise 3 successfully targeted three of the Israeli enemy's strategic centers.
Nour News, citing Iranian Armed Forces: The targets struck included Ben Gurion Airport, the Biological Research Center, and command and control centers.
Iran's representative to the UN: Once again the US chose to sacrifice its security for Netanyahu
US President Donald Trump on Truth Social: It's not politically correct to use the term, 'Regime Change,' but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn't there be a Regime Change??? MIGA!!!
Al Mayadeen's correspondent in New York: The draft resolution calls for the protection of civilians, respect for international law, and engaging in dialogue and negotiations.
Al Mayadeen's correspondent in New York: Russia, China, and Pakistan submitted a draft resolution to the Security Council calling for an immediate and unconditional ceasefire.
Israeli Channel 13: The Iranian nuclear program cannot be destroyed with missiles, even if we spend another year attacking it alongside the Americans.
Over 30 casualties in a suicide bombing that targeted the Mar Elias Church in Damascus, Syria.
Iranian Shura Council recommends the closure of the Hormuz Strait and leaves the decision up to the Iranian National Security Council.

Oil rebounds after 3-day loss, still at loss

  • By Al Mayadeen Net
  • Source: Agencies
  • 9 Apr 2022 00:19
2 Min Read

Exacerbated by the Western sanctions on Russia over the war in Ukraine, oil makes some gains but is still at a loss compared to its state before the western sanctions on Moscow.

  • x
  • crude oil pump jack in the Permian Basin in Loving County, Texas, US
    Crude oil pump jack in the Permian Basin in Loving County, Texas, US

Crude prices rebounded on Friday for the first time in four days, still registering losses for a second week in a row after the United States and other oil-consuming countries announced a massive release of oil from their emergency reserves to mitigate a supply crunch caused by the sanctions on Russian energy supplies.

London-traded Brent, the global benchmark for crude oil, gained $2.20 (2.2%), reaching $102.78 per barrel following a cumulative loss of 7% over the three previous days. Brent's 1.5% dip this week after last week's 13.5% marked its worst performance since April 2020 when demand plummeted amid COVID-19 lockdowns, which paralyzed the global economy. 

New York-traded US crude benchmark West Texas Intermediate, or WTI, settled up $2.23 (2.3%), selling at $98.26. WTI's 1% dip this week after last week's 13% also marked its worst weekly performance since the COVID-19 outbreak. 

Related News

Russia, China, and Pakistan call for ceasefire amid US attacks on Iran

US 'opened a Pandora's Box': Russia's UN envoy on aggression on Iran

Crude prices slightly decreased for the third day in a row after the International Energy Agency said it was releasing 60 million barrels from its members' reserves into the open market, which would add to the announcement of the release of 180 million barrels made by the United States earlier.

The combined 240 million barrels would be added to the market over a six-month period, making for an inflow of 1.33 million barrels per day. 

The measure would increase by more than three-fold the monthly increments of 400,000 barrels per day in output global oil producers under the OPEC+ have been doing.

Meanwhile, sanctions are delaying the delivery of some 3 million barrels per day of Russian oil exports, with some being denied altogether. 

After the war in Ukraine started, the US and its allies have rolled out comprehensive sanctions, including restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

  • United States
  • Russia
  • International Energy Agency
  • Sanctions on Russia
  • United Kingdom
  • Ukraine
  • Oil prices

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Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

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  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

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  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

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  • 22 Jun 2025
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  • 19 Jun 2025

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