State-backed oil company Saudi Aramco boosted its crude oil output to its maximum capacity of twelve million barrels per day despite U.S. calls for it to stop competing with Russia for market share, according to a
Reuters report.
CFR’s Amy Myers Jaffe discusses the
Saudi-Russia oil price war.
Iraq: The Popular Mobilization Forces, an Iran-backed group of Iraqi militias, have suffered internal divisions and increased their attacks on U.S. forces, according to a
Reuters report. Their leader was killed alongside Iranian commander Qasem Soleimani in January.