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Search resuls for: "Firas Abiad"


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More device explosions were reported across Lebanon on Wednesday, a day after pagers belonging to Hezbollah members detonated across the country, killing at least 12 people and injuring nearly 3,000, state media reported. According to Lebanon's National News Agency, or NNA, "a number" of wounded people had been taken to hospitals in the southern suburbs of Beirut after their wireless pagers exploded. At least three people were killed in device explosions Wednesday, NNA reported. Al-Manar, a Hezbollah-affiliated news agency, reported that wireless devices exploded in people’s hands across the country. The Associated Press reported that its own journalists were in Beirut at a funeral for four people killed by exploding pagers the day before when they heard "multiple explosions at the site."
Persons: NNA, Israel, Firas Abiad Organizations: Lebanon's National News Agency, Associated Press, Public, National News Agency Locations: Lebanon, Beirut, Israel
On Wednesday, OPEC+, the oil cartel led by Saudi Arabia and Russia, agreed to slash production by 2 million barrels per day, twice as much as analysts had predicted, in the biggest cut since the Covid-19 pandemic. “Saudi Arabia is looking to head off a repeat of 2008 when the market crash sent the global economy into a recession and oil prices suddenly plummeted, requiring emergency action by OPEC,” said Wald. Analysts also say Saudi Arabia cannot afford to let oil prices go below a certain level for budgetary reasons. For its budget to break even, global oil prices must be at around $79 a barrel, according to the International Monetary Fund. That was a warning sign for Saudi Arabia and other oil exporters, who depend on oil for a majority of their revenue.
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