Financial Times - oil producers spring surprise output cut of more than 1mn barrels a day

Summary of the front page

The Financial Times splashes on the revelations from oil producing nations that they will be cutting back production by more than a million barrels a day.

According to the paper, the move has put Saudi Arabia on a “collision course” with the US as it attempts to boost prices.

Today's top stories

headshot 600 nikole killion

Mitch McConnell admitted to hospital, spokesperson confirms receipt of care

Republican Senator Mitch McConnell has been admitted to hospital, confirmed a spokesperson. While details on the admission remain undisclosed, he is reportedly engaged with Senate business. Senate Majority Leader John Thune expressed optimism about McConnell’s return to Capitol Hill later this week.

696x392 cmsv2 843831b0 c76f 5f4a ad75 c3bed45b83ab 9799411

EU fails to reach consensus on sanctions against Israeli minister Ben Gvir

The European Union has failed to achieve unanimous agreement on sanctions against Israeli national security minister Itamar Ben Gvir, despite increased calls from member states for punitive action. EU foreign policy chief Kaja Kallas confirmed that no consensus was reached during the bloc’s recent foreign ministers’ meeting.

ap26166650338883

Trump attends G7 summit in France and announces Iran memorandum signing

President Trump announced the signing of a memorandum of understanding with Iran during his visit to France for the G7 summit. He stated that significant progress is being made on reopening the Strait of Hormuz, with U.S. assistance in mine clearance expected to begin immediately.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement