Analysts say that weeks of Houthi attacks on Saudi targets have brought the kingdom and the Iranian-backed militia to the brink of full-blown conflict, and could open a new front in the Iran war.
Analysts say that weeks of Houthi attacks on Saudi targets have brought the kingdom and the Iranian-backed militia to the brink of full-blown conflict, and could open a new front in the Iran war.
A demonstration in Sanaa, Yemen’s capital, in support of the Houthi militia last month. The Houthis, who control northern Yemen on Saudi Arabia’s southern border, are supported by Iran.
The prospect that the kingdom could enrich uranium has drawn opposition from Democrats and revived concerns about nuclear proliferation in the Middle East.
The prospect that the kingdom could enrich uranium has drawn opposition from Democrats and revived concerns about nuclear proliferation in the Middle East.
Energy Secretary Chris Wright and Prince Abdulaziz bin Salman, the Saudi energy minister, in Saudi Arabia last year. The two signed an agreement last month as part of a broader package of cooperation on civilian nuclear power.
The armed group, based in Yemen and backed by Iran, said it had launched missiles near the vital maritime trade route, in a conflict that shows no sign of abating.
The armed group, based in Yemen and backed by Iran, said it had launched missiles near the vital maritime trade route, in a conflict that shows no sign of abating.
Russia's crude oil production in June fell below its agreed-upon OPEC+ target, according to individuals familiar with the data interviwed by Bloomberg. Russian producers reportedly pumped 9.022 million barrels per day last month, a figure 28,000 barrels per day below the required level, including compensation cuts. This marks the largest gap between Russia's output and its monthly quota this year, based on Bloomberg's calculations.Historically, Russia, which co-leads the OPEC+ alliance with Saud
Russia's crude oil production in June fell below its agreed-upon OPEC+ target, according to individuals familiar with the data interviwed by Bloomberg.
Russian producers reportedly pumped 9.022 million barrels per day last month, a figure 28,000 barrels per day below the required level, including compensation cuts. This marks the largest gap between Russia's output and its monthly quota this year, based on Bloomberg's calculations.
Historically, Russia, which co-leads the OPEC+ alliance with Saudi Arabia, has faced criticism for poor compliance with production quotas. However, the nation has shown improved adherence for most of 2025, often pumping below its required levels, according to analysis of Russian data. This increased focus on production discipline follows earlier critiques from Riyadh.
Under the terms of the OPEC+ agreement, Russia's daily production quota for June had increased by 78,000 barrels to 9.161 million barrels. However, Moscow had also committed to a 111,000 barrel-a-day compensation cut for the month, bringing its actual output target to 9.050 million barrels per day.
On July 5, eight OPEC+ nations collectively agreed to raise production by 548,000 barrels per day in August, aiming to capitalize on strong summer consumption. Analysts suggest these additional barrels may be quickly absorbed but could contribute to a crude surplus later in the year.
Independent verification of Russia's oil output data has become challenging since Moscow classified official figures after Western sanctions targeting the nation's energy industry following its full-scale invasion of Ukraine. Consequently, market watchers now largely rely on indicators such as seaborne exports and domestic refinery runs to track trends in Russia's oil production.
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