The market reaction shows that in a tight market, any supply issue will quickly be reflected in higher prices.
Public and many private services have shut down across Greece as unions hold a 24-hour general strike to protest further austerity cuts in the recession-plagued country.
Hundreds of tourists staying in landmark US national parks like Yosemite and the Grand Canyon face a deadline Thursday to leave due to the government shutdown.
EU court has rejected European Union embargo against Islamic Republic of Iran Shipping Lines (IRISL) and seven other Iranian shipping companies.
Unemployment in Greece reached a record 27.9 percent in June; the statistics office ELSTAT said Thursday, more than double the eurozone's average of 12.1 percent in the same period.
The Islamic Republic of Iran has exported over $12.5 billion of non-oil goods in the first four months of the current Iranian calendar year (started March 21) despite the US-engineered sanctions imposed on the country.
The National Iranian Tanker Company (NITC) has taken delivery of four new supertankers in recent weeks in the face of US-led sanctions against Iran’s energy sector.
A Saudi intellectual has warned more than 10 million Saudi civilians live below poverty line.
The Netherlands branch of the German supermarket chain Aldi has banned Israeli settlement products, a fresh bid launched to prevent controversy in its sales.
Dozens of employees of the Israeli Ma'ariv daily have gone on strike to protest job conditions and layoffs.