As the spread of novel coronavirus (Covid-19) continues to keep global oil demand low, coupled with additional oil that will join the flood which is already sweeping the market in April, crude oil prices now face the risk of falling below $20 per barrel, according to experts.
Iran says the coronavirus pandemic underscores the need to end "madness in politics and irresponsible unilateralism" of the US government which is sabotaging the country's fight against the disease through sanctions.
The new coronavirus has left 33,997 people dead and 722,435 others are infected with across the globe, reported by John Hopkins University as Italy stands the leading hot spot with the most death toll from the pandemic.
Iranian Foreign Minister Mohammad Javad Zarif has censured Washington for rejecting to lift sanctions against Iran as the people are battling the coronavirus pandemic stressing that the US is changed its “economic terrorism” to “medical terror” against Iranian nation.
Iran has censured the US over fake reports that Washington has agreed to grant sanctions waivers to some countries and free assets in order to buy medical supplies necessary for battle against the COVID-19 pandemic.
Secretary General of the Lebanese resistance movement Hezbollah Sayyed Hassan Nasrallah says the repercussions of the coronavirus (COVID-19) pandemic may go beyond those of the world wars and result in a new global order.
Saudi Arabian air defences intercepted two ballistic missiles on Saturday night launched by Yemen's Iran-aligned Houthi group towards Riyadh and the city of Jizan, the Saudi state news agency (SPA) reported on Sunday citing a spokesman for the Saudi-led coalition fighting the militia.