Oil Prices Plunge after Producers’ Meeting DelayedOil prices fell as much as $3 a barrel in early Asian trading on Monday, after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
Brent crude traded lower by $2.39 a barrel, or 7 per cent, by 6:16 p.m. EDT (10:16 GMT) after earlier touching a session low of $30.03 a barrel.
Covid-19 Cases Pass 1,2 M, Over 65,000 KilledMore than 1,200,000 people are infected with the novel coronavirus and more than 65,600 others have died of the disease caused by it around the world, according to www.worldometers.info.
US COVID-19 Death Rise by 1,000 in Single DayThe US death toll from Covid-19 rose by 1,000 in a single day for the first time, making the Trump administration to join local officials in advising Americans to wear masks when venturing out during the still-exploding coronavirus pandemic.
Qatar’s foreign minister made an unannounced visit to the Saudi Arabia last month, according to the Wall Street Journal (WSJ) and Reuters News Agency, a move that may signal a thaw in the two-year-old dispute among the two Persian Gulf Arab states
Qatar’s Emir Sheikh Tamim bin Hamad Al Thani has turned down an invitation by Saudi Arabia to attend the annual meeting of the Persian Gulf Cooperation Council (GCC) in Riyadh, dampening hopes of reconciliation between the Arab neighbors.
Iran, Malaysia, Turkey, and Qatar mull using gold dinar and barter trade as a way of protecting themselves against any future economic sanctions, Malaysian Prime Minister Mahathir Mohamad said on Saturday.
Iran’s Leader Ayatollah Sayyed Ali Khamenei said ‘corrupt actions’ taken by the US and its allies are the main cause of the current situation in the region, urging regional countries to boost cooperation to undo such actions.