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U.S. Oil Output Tops 12 Million Barrels a Day for First Time…

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U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a day. Booming shale production from places like the Permian basin of West Texas have enabled […]

UK Suspends Saudi Lisences for ‘Illegal’ Arms That Are Used in Yemen’s War…

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The British government on Thursday said it would suspend issuing new Saudi licenses for the sale of arms that might be used in the Gulf kingdom’s bombing campaign in Yemen. International Trade Secretary Liam Fox announced the decision in parliament after a British court ordered the government to “reconsider” sales due to their humanitarian impact. […]

Senate Rebukes Trump with Vote to Block Arms Sales to Saudi Arabia, UAE…

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The Senate voted to block arms sales to Saudi Arabia and the United Arab Emirates on Thursday, rebuking President Donald Trump’s foreign policy in the aftermath of the murder of Saudi journalist Jamal Khashoggi. Trump, whose administration signaled it would bypass congressional opposition to the sale of arms, is expected to veto the Senate’s resolutions. […]

France Takes Unprecedented Action Against Reporters Who Published Secret Government Document…

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Journalists in France are facing potential jail sentences in an unprecedented case over their handling of secret documents detailing the country’s involvement in the Yemen conflict. Earlier this week, a reporter from Radio France and the co-founders of Paris-based investigative news organization Disclose were called in for questioning at the offices of the General Directorate […]

Trump Dismisses NYTs Report on 120k-Troop Iran Plan: ‘Fake News’…

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President Trump attacked as “fake news” a report Tuesday saying the Defense Department revised plans for sending up to 120,000 troops to the Middle East, should Iran attack American forces or speed up its work on nuclear weapons. The New York Times report said acting Defense Secretary Patrick Shanahan presented the updated plan at the […]

Iran’s Leader Khamenei States “Neither we nor the #US are after a #war. They know that war is not in their interest. There will not be a war.”…

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#Iran’s leader (in meeting with government officials): The definitive option of Iran is resistance against #US, & in this confrontation the US will be forced to retreat. This confrontation is not a military one, because a war is not expected to happen. #Iran’s leader: Neither we nor the #US are after a #war. They know […]

Oil Jumps After Saudis Admit Two Tankers Attacked as Iran Tensions Soar…

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The bizarre and mysterious explosions that rocked the UAE port of Fujairah on Sunday just got even more strange after Saudi Arabia admitted overnight that two of its oil tankers were attacked while sailing toward the Persian Gulf possibly as part of the incident. Crude prices quickly jumped as much as 2% on the news. […]

This Saudi Prince Now Owns More of Twitter Than Jack Dorsey Does…

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A Saudi prince has increased his holdings in Twitter, making him the company’s second largest shareholder. Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who in 2011 invested $300 million in the social network, now owns 34.9 million shares of Twitter’s common stock, according to a new regulatory filing (pdf). At nearly 5.2%, his stake in […]

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