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  • Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

    Increase in cost of crude could drive inflation up and force central banks to keep interest rates high• Business live – latest updatesA serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and reverse the recent downward trend in global inflation, the World Bank has said.The Washington-based institution said the recent fall in commodity prices had been levelling off even before the recent missile strikes by Iran and Israel – making interest rate...

  • Erdan: UN is the main impediment to Middle East peace

    Israeli Ambassador to the United Nations Gilad Erdan addressed the UN General Assembly today (Wednesday) at a meeting on the American veto of the Palestinian Authority's bid for full member-state status, and accused the UN of being the "main impediment to peace" in the Middle East. Erdan began by noting the end of the Passover holiday this week. "On Passover, Jewish people around the globe gather together at the Seder – our special holiday meal – to tell the story of our liberation," he said. ...

  • US warns of 'large-scale massacre' in Sudan city

    The US ambassador to the United Nations on Monday warned of an impending “large-scale massacre” in the Sudanese city of El-Fasher, a humanitarian hub in the Darfur region. The city had until recently been relatively unaffected by fighting between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF), but bombardment and clashes have […]