RT - The Organization of Petroleum Exporting Countries (OPEC) has reached a new deal to restrict global output. Oil prices jumped in response, and they will continue to soar, analyst told RT. The deal between OPECs 15 member states and allied states led by Russia was reached at a meeting between OPEC and global oil producers in Vienna, Austria on ...

RT - There is no ethical basis for US sanctions anywhere as they are aimed to serve US interests wherever it is needed, international oil economist and professor, Mamdouh Salameh told RT. Donald Trump's efforts to punish Russia for its alleged election meddling could end up hitting US consumers in the pocket because aluminum imports are about to ...

Sputnik - The USs Ambassador to the United Kingdom, Robert Wood Johnson, has called for Britain to join US President Donald Trump and adopt a hardline policy towards Iran. Earlier inMay, Donald Trump pulled outof the deal and last week began reinstating economic sanctions againstIran that were eased inexchange forconcessions onIran's nuclear ...

Sputnik - Oil prices rebounded on Tuesday amid concerns about rising tensions between the United States and Iran and oversupply. Brent crude oil was up 6 cents and stood at just over 73 dollars a barrel by Tuesday morning. The oil market received a boost on Monday after US President Donald Trump warned of dire consequences if Tehran threatened ...