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.

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US Agrees to Continue Talks with Iran as Trump Claims Ceasefire Is Over

What’s going on?
The US confirmed it agreed to Iran’s request to continue diplomatic talks, but announced the ceasefire is now over. This announcement follows the conclusion of two days of strikes and heightened tensions between the nations. The US affirmed that discussions would no longer include a ceasefire arrangement.
In contrast, Reuters reported, “Trump says US agreed to Iran’s request to continue talks, but ceasefire is over,” focusing on a specific negotiation detail. CNN’s angle, “Live updates: Diplomats race to revive US-Iran talks after Trump declares ceasefire over,” emphasises the urgency of diplomatic efforts amid the collapse of the ceasefire.
Coverage analysed: Reuters | CNN

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