Iran says Saudi Arabia, Russia violated OPEC deal on output cuts

Donald Trump and Saudi Arabia's King Salman bin Abdulaziz al Saud at a signing ceremony at the Saudi Royal Court in Riyadh

Donald Trump and Saudi Arabia's King Salman bin Abdulaziz al Saud at a signing ceremony at the Saudi Royal Court in Riyadh

Saudi Arabia has increased crude production "significantly" to a near-record level amid intense pressure from U.S. President Donald Trump to reduce prices. "You have to pay for your military", Trump told a campaign rally in Southaven. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

Falih, speaking at a Moscow energy conference, said Saudi Arabia was in weekly communication with Russian Federation to stabilise global oil markets, which have surged over the past few weeks.

"How about our military deals where we protect rich nations that we don't get reimbursed?"

As oil prices have risen above US$80 a barrel, Trump has heaped more pressure on the world's top exporter of crude to do more to subdue the market and reimburse the costs of American military presence in the region.

Saudi Arabia plays a critical role in the oil cartel.

Trump made the remarks about the close USA ally during a campaign rally in MS on Tuesday, drawing applause from supporters.

Valencia coach Marcelino: Why Bailly struggling at Man Utd
Mourinho claimed on Monday that some members of his squad "care more" than others but refused to reveal who he was speaking about. "I see so-so but in the little two sessions of training we had [since Saturday] everything was normal, desire to work and play".

Trump did not say when he made those remarks to the Saudi monarch, but they come amid increasing oil prices in the US. Trump in July tweeted without evidence that Saudi Arabia would increase its production "maybe up to 2,000,000 barrels" a day.

Oil prices remain firm on Iran sanctions, with both West Texas Intermediate crude oil, the USA benchmark, and Brent crude, the global benchmark, trading at multiyear highs.

Just a few days after the Algiers meeting, Trump blamed OPEC for high oil prices at the UN General Assembly in NY.

Benchmark Brent crude oil is near $85 a barrel - a four-year high - and analysts say it could reach $100. "Not good. We want them to stop raising prices, we want them to start lowering prices", Trump said.

He further added, "we defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices".

Trump has also pressed other United States allies, such as Japan, South Korea and Germany, to take more of the financial burden of their defence.

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