Crude soars after attacks on Saudi oil plant - Purdue Pharma files for bankruptcy - GM workers go on strike
An expert on Saudi Arabia and the Middle East, Guido Steinberg explains to DW that the drone attacks on Saudi oil facilities last week were partly a manifestation of complex religious and historical forces.
The kingdom's oil production has dropped by 5.7 million barrels a day after Saturday's drone strikes on two processing facilities. As Riyadh and Washington point the finger at Tehran, the price of oil is set to rise.
US officials have suggested that Iran was behind the Saudi oil attacks, saying satellite images show it is unlikely that Houthis carried them out. Germany said it is working with partners to determine who is responsible.
In the latest round of Chinese tariffs against 106 American products, the focus is on the lucrative US exports of soybeans, planes and cars. But why has China targeted these products and which US states will suffer most?
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