OPEC would miss ‘friend Trump’, wary of strains under Biden, sources say

LONDON/DUBAI (Reuters) – Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organization said, and would miss President Donald Trump who went from criticizing the … Read More

Six charts that show how hard US sanctions have hit Iran

posted in: Middle East, News

The value of Iran’s currency hit record lows as a result of the US sanctions – AFP The United States reinstated economic sanctions on Iran after President Donald Trump abandoned a landmark nuclear deal in May 2018. Mr. Trump says … Read More

Saudi Arabia Threatens to Ditch USD Oil Trades if NOPEC Passes

posted in: Middle East, News

The time of the United States dollar (USD) being the world’s main reserve currency is reportedly in jeopardy, as Saudi Arabia is threatening to sell its oil in currencies other than the USD if Washington passes a bill which exposes OPEC … Read More

Saudi Arabia is in big trouble

posted in: Middle East, News

For more than one week, the House of Saud has been under fire for its ties to the United States and its crackdown on dissidents. First, U.S. President Donald Trump shared details of his most recent conversation with Saudi Arabia’s … Read More