Total CEO Pouyanné expects that new geopolitical developments would push oil prices to new highs.

Jordan has increased the price of bread by up to 100 percent after lifting subsidies on the staple in a bid to redress its debt-riddled economy.

Police fired tear gas as hundreds of people demonstrated against soaring bread prices in Khartoum.

Hundreds of Sudanese students from the University of Khartoum threw stones at anti-riot police on a third day of protests against soaring bread prices.

According to various media outlets, the kingdom almost doubled gasoline prices and introduced a five-percent VAT on most goods and services on Monday.

An analyst says the United States is involved in the protests in Iran.

Venezuelans have headed to the polls in regional elections seen as a crucial test for President Nicolas Maduro and the opposition alike after months of deadly street protests failed to unseat him.

Egypt once again raises fuel prices to meet obligations under an IMF deal.

The Organization of the Petroleum Exporting Countries (OPEC) expects price recovery for oil market after output cuts.

Turkey's inflation in March hit its highest annual rate in over eight years, official data say.