Oil price slumps as low as $ 31
The world price of oil has slumped as low as $10 a barrel after Russia impedes further steep output cuts proposed by OPEC to stabilize oil markets.
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Oil prices plunged about 25 % after Saudi Arabia slashed prices and set plans for a big increase in crude production, leading to fears of a price war.
International benchmark Brent crude price also plummeted 27.26% to $32.93 per barrel.
It has been the biggest daily decrease since January 17, 1991 when the first Gulf War started. (ILKHA)
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Hezbollah, the Lebanese Resistance movement, announced on Sunday that it successfully targeted Israeli surveillance devices at the Al-Raheb military site.
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The death toll in Gaza has surged to 38,153 as the Israeli occupation army reportedly carried out three massacres in various areas of the Gaza Strip within the past 24 hours.
