Last week, the U.S. announced sanctions against Sudan for allegedly using chemical weapons during its ongoing war, set to begin on June 6, despite a lack of verified evidence. The war, which erupted in April 2023 between the Sudanese Armed Forces and the Rapid Support Forces, has led to a severe humanitarian crisis, with millions displaced and thousands dead. Critics argue the U.S. decision could exacerbate the conflict, particularly given the influence of the UAE, a supporter of the RSF, and past unsubstantiated claims against Sudan.
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OPEC+ may discuss oil output hike larger than 411,000 bpd for July, sources say – Middle East Monitor
OPEC+ is considering a potential increase in oil output for July, possibly exceeding the 411,000 barrels per day (bpd) hikes made for May and June. Eight member countries have been increasing their production faster than planned, influenced by Kazakhstan's refusal to cut output, which may lead to discussions for a larger increase. Despite recent price fluctuations, OPEC+ aims to balance the market while managing rising demand, as it has gradually increased production since April to...
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