The escalation of the Israeli-Palestinian conflict has sparked fears over potential oil supply disruptions in the region Global oil prices saw a sharp increase on Wednesday amid fears that the conflict between Israel and the armed Palestinian group Hamas could spread to other countries in the Middle East, causing  global oil supply disruptions.

A reported $300 billion in Moscow’s forex reserves have been seized as part of Ukraine-related sanctions Moscow will respond with similar measures if Western countries use revenues generated from frozen Russian assets, Finance Minister Anton Siluanov warned on Tuesday in an interview with Asharq TV.

Western interests prevent the global body from addressing the current conflict in the Middle East, Russia’s envoy says The work of the United Nations Security Council is being held up by Western interests, Russia’s permanent representative to the UN, Vassily Nebenzia, claimed on Tuesday. His comments came after the council rejected Russia’s draft resolution on…