Asian oil prices rise on calls for more Iran sanctions

Crude prices rose in Asia today after the United States, Britain, France and Germany moved to apply more restrictions and sanctions on Iran over its controversial nuclear programme, analysts said. New York’s main contract, light sweet crude for delivery in November rose 31 cents to USD 92.24 a barrel and Brent North Sea crude for […]

Japan nuclear plant rocked by another explosion

A hydrogen explosion Tuesday morning destroyed the outer building of a quake-damaged Unit 2 nuclear reactor at the Fukushima No. 1 power plant. Engineers had been struggling overnight to cool the nuclear core and stave off a meltdown that could release radioactivity over a wide area. It was the third reactor at the site whose […]