Wednesday 21, May 2008 by Mike Gallagher

High oil prices cause threat of legal action in the US

With oil passing the $130 a barrel mark for the first time on Wednesday, a group of US politicians have passed a resolution calling for legal action to be taken against OPEC members by the US justice department. President Bush had threatened to veto the bill, but in the end it passed by 324 to 84 in favour, which was more than enough to see off any possibility of a presidential veto.

Features & Analyses

Lifestyle A new spin on Gulf style

UAE-based fashion designer Ahmed Abdelrahman is realising his vision to make the kandora and other traditional Gulf staples a part… read more