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  • Shipping U.S. Oil to China Costs Half as Much as the Cargo

    The cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel -- almost half of what the American benchmark crude is currently valued at -- as the price war spurs a rush for ships.

  • Saudi Arabia Deploys Clerics to Help Fight Spread of Virus

    On a show that dispenses religious edicts on state-run Saudi television, Sheikh Abdullah al-Mutlaq told a woman she had every right to kick her husband out of bed if he doesn’t comply with social-distancing rules to tackle coronavirus. Another woman wanted to know if she could cede her conjugal rights to her husband’s second wife if she’s concerned about being infected. She could, said the cleric, who is a royal court adviser, with a smile.

  • Oil rallies as Trump talks up truce hopes for Saudi-Russia price war

    Trump also said he has invited U.S. oil executives to the White House to discuss ways to help the industry “ravaged” by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia.

  • As coronavirus spreads, U.N. seeks Yemen urgent peace talks resumption

    The United Nations and Western allies are pointing to the threat of coronavirus to push Yemen’s combatants to agree to fresh talks to end a war that has left millions vulnerable to disease, the U.N. and sources familiar with the matter said on Thursday.

  • Saudi Arabia imposes 24-hour curfew in Mecca and Medina

    Saudi Arabia imposed a 24-hour curfew in the Muslim holy cities of Mecca and Medina on Thursday, extending measures to combat the spread of the coronavirus, which has infected more than 1,700 people in the kingdom and killed 16. The interior ministry said in a statement there were some exceptions, including for essential workers and in order for residents to buy food and access medical care. Cars in those cities’ residential districts may only carry one passenger to limit the virus’ transmission, it said.

  • Twitter removes accounts linked to Egypt, Saudi Arabia, other countries

    Twitter took down thousands of accounts linked to Egypt, Honduras, Indonesia, Saudi Arabia and Serbia on Thursday for either taking directions from the governments or promoting pro-government content. Twitter and other social media companies are under pressure to clean up misinformation and hateful content on their platforms, while abuse related to the coronavirus outbreak has also increased scrutiny of their actions.

  • Saudi digital market place SARY boosted by coronavirus-driven demand

    Saudi Arabia’s digital marketplace Sary, which connects small businesses with merchant wholesalers, has secured $6.6 million in financing to boost expansion as coronavirus-driven demand for essential goods boosts appetite for its services. Under an ambitious reform drive led by Crown Prince Mohammed bin Salman to diversify the economy away from oil, Riyadh plans to boost small and medium enterprises’ (SMEs) contribution to GDP to 35% by 2030, from a current 20%.

  • Saudi Arabia and Russia signal readiness to cooperate on oil

    A senior Gulf source familiar with Saudi thinking, meanwhile, told Reuters on Thursday that Saudi Arabia supported cooperation between oil producers to stabilise the market but it was Russia’s opposition to a proposal last month to deepen oil supply cuts that caused the market turmoil.

  • Trump projects up to 240,000 coronavirus deaths in U.S., even with mitigation efforts

    President Trump and the physicians advising the federal pandemic response on Tuesday delivered a bleak outlook for the novel coronavirus’s spread across the country, predicting a best-case scenario of 100,000 to 240,000 fatalities in the United States and summoning all Americans to make additional sacrifices to slow the spread.

  • United Nations urges cease-fire in Afghanistan amid COVID-19 concerns

    The council issued a statement Tuesday after a closed briefing by U.N. deputy special representative Ingrid Hayden who said the country “appears to be reaching a defining moment” — whether its feuding leaders can join together “to engage in meaningful talks with the Taliban to achieve a sustainable peace.”