OPEC+ announces major cut in global oil supplies

OPEC+ has announced a significant cut in global oil supplies ahead of European Union embargoes on Russia energy and in time for the peak winter season, Reuters reports. Exacerbating concerns about soaring inflation, the move is expected to push up the price of gasoline again.

As NATO Grows, China and Russia Seek to Bring Iran, Saudi Arabia Into Fold

In the East, however, security and economy-focused blocs led by Beijing and Moscow are looking to take on new members of their own, including Iran and Saudi Arabia, two influential Middle Eastern rivals whose interest in shoring up cooperation on this new front could have a significant impact on global geopolitical balance.

US has clinched deal with Saudis for normalization steps toward Israel

US President Joe Biden, during his visit to Jeddah this weekend, will announce the successful brokering of an agreement between Saudi Arabia and Egypt that will see Riyadh take steps toward normalization with Israel, a Middle East diplomat confirmed to The Times of Israel Thursday.

Israel, Arab States Seek Peace Expansion

Representatives from Israel, the United States, and Arab allies have discussed “expanding the circle of lasting peace” in the Middle East, officials confirmed.

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