Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.
Saudi Arabia and Russia are reliant on high oil prices to fund infrastructure projects and the Ukraine war. U.S. and European oil companies are helping them with low investments.
The U.S. backed away from some actions meant to stop Iran’s oil shipments during talks that led to the release of five Americans, part of a larger step back from sanctions enforcement, officials said.