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  • U.S. Imports of Saudi Crude Oil Fall to Lowest in Three Decades

    American refiners received the least oil from Saudi Arabia since 1985 as a slump in volumes shipped out by the desert kingdom in October are finally reaching U.S. shores. In October, Saudi Arabia sent just under 100,000 barrels a day of oil to U.S. refineries as shipments to China surged at that time. Tankers from Saudi Arabia take about six weeks to reach either the Gulf or Pacific coasts of the U.S. Hence, the delivery of just 73,000 barrels a day to U.S. customers last week, as preliminary U.S. Energy Information Administration data show.

  • Saudi Arabia, Qatar Near U.S.-Brokered Deal to End Lengthy Rift

    Saudi Arabia and Qatar are nearing a preliminary deal to end a rift that’s dragged on for more than three years, prodded by a Trump administration seeking foreign policy wins during its waning days in the White House, three people with knowledge of the talks said. The tentative agreement does not involve the three other Arab countries that also severed diplomatic and trade ties with Qatar in June 2017 -- the United Arab Emirates, Bahrain and Egypt. A fourth person said a broader realignment remained a long way off as the underlying issues, such as Doha’s relations with Tehran, remained unresolved.

  • Rockets apparently fired by an Iranian-backed Iraqi militia hit U.S. complex in Baghdad as tensions with Tehran rise

    A U.S. military official, speaking on the condition of anonymity in advance of a formal statement, said initial reports indicated there had been no injuries to U.S. personnel or damage to American facilities. Another rocket reportedly landed elsewhere in the zone, and the Iraqi army said in a statement that another three fell outside the area, killing a young child and wounding five Iraqi civilians.

  • The U.S. election is over. What did international observers think?

    But Election Day was uneventful. Official international observers noted the “orderly” election, the “peaceful atmosphere without unrest or intimidation,” and the “professional” conduct of election administration.

  • Saudi wealth fund cut U.S. stocks by $3 billion last quarter, reduced ETFs

    “Although the U.S. will remain an important destination ... there is a shift beginning towards developing and expanding relations closer to home, notably India,” Azure’s Uppal said.

  • Biden’s Election Makes U.S. More Popular in Europe, Less Popular in China and Russia

    Morning Consult Political Intelligence polling conducted abroad suggests Biden’s election is already making those inroads, especially in Europe: Comparing responses gathered Oct. 3-Nov. 2 and Nov. 8-10, the United States’ net favorability — the share of people with favorable views minus unfavorable views — improved by an average of 22 percentage points among five of its European allies — France, Germany, Italy, Spain and the United Kingdom — with 42 percent expressing both favorable and unfavorable views in the latest tracking.

  • Perspective: U.S.-Saudi ties were especially close under Trump. Under Biden, that looks likely to change

    "It won't be, I think, that the Biden administration is just going to turn on the Saudis tomorrow and start telling them that they're bad and they need to shape up," Stephens said, adding that for one thing, he expected the Middle East to be fairly far down the Biden administration's list of priorities.

  • Iran Atomic Stock Swells, Complicating U.S. Return to Deal

    The assessment published Wednesday by the International Atomic Energy Agency was the 20th since the Trump administration quit a deal that granted Iran sanctions relief in exchange for limits on its nuclear program. Since May 2018, the Persian Gulf country’s uranium stockpile has risen eight-fold. Biden has said the U.S. could re-enter the agreement if Iran returns to compliance.

  • U.S. imposes Iran-related sanctions on individuals, companies

    The United States on Tuesday imposed Iran-related sanctions on six companies and four people, accusing the network of supplying sensitive goods to an Iranian military firm in the Trump administration’s latest move to increase pressure on Tehran.

  • Setting New U.S. Strategic Priorities for a Post-Trump World

    We will almost certainly will not be able to predict the full impact of Covis-19 until the late summer or fall of 2021 – if then. We will not know the full impact of the Trump versus Biden approaches to taxation and revenues, the real level of success in economic recovery, and impact of any new entitlements and social legislation before some point at the end of 2022 – if then.