Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies.

Both contracts slumped about 2% on Thursday. They rebounded after Trump told reporters aboard Air Force One the U.S. has an "armada" heading toward Iran but hoped he would not have to use it, as he ...

By John Lee. The Council of Ministers has approved measures related to water infrastructure in Basra and contract execution ...