Oil prices rose in Asian trading on Monday on concerns that an escalation in the Middle East could disrupt regional oil supplies, while imminent US interest rate cuts boosted global economic prospects and fuel demand. Brent crude futures rose 37 cents, or 0.5 %, to $79.39 a barrel, while US crude futures rose 36 cents, or 0.5 %, to $75.19 a barrel. Both crudes rose more than 2 % last Friday after Federal Reserve Chairman Jerome Powell supported starting to cut interest rates soon. Oil prices fell last week as fuel demand was affected by weak expectations for major economies. The US Department of Energy said it bought nearly 2.5 million barrels of oil to help refill the Strategic Petroleum Reserve. Source: National Iraqi News Agency
EU and Libya Jointly Announce Agreement on Electoral Framework Progress
August 30, 2026
Tripoli: The Delegation of the European Union and the Diplomatic Missions of the EU Member States to Libya have announced their approval of a significant agreement signed by Libyan representatives. This agreement, part of the UN-facilitated Small Conv…