OPEC has made a cut in oil output conditional on non-OPEC producer Russia's participation. The oil cartell has dismisssed a plea from US President Trump not to cut output.
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 soar.
Fires broke out at the kingdom's largest oil-processing plant and another site following drone attacks. The attacks have crippled the country's oil supplies.
North Korea's ongoing weapons program has shown why an imperfect nuclear deal is better than no deal at all. By applying "maximum pressure," the US has isolated Tehran and failed to stop Pyongyang.
The IAEA has urged Iran to cooperate as the agency gathers information on Tehran's nuclear program. It confirmed Tehran was preparing to use more advanced centrifuges — further breaching a fragile 2015 nuclear deal.
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