The regional rivalry between Saudi Arabia and Iran—the two main producers in a global oil cartel—has become a significant factor behind the sharp decline in oil prices that has also kept rates at historic lows.
US President Donald J. Trump is expected to meet his Russian counterpart, Vladimir Putin, at the Group of Twenty (G20) summit in Buenos Aires later this week. Is that a good idea in light of Russia’s latest aggression toward Ukraine and the somewhat stymied success of past meetings between the two leaders? In an interview with The Washington Post , Trump left open the possibility that he might, after all, cancel the meeting over the incident in the Kerch Strait. “Maybe I won’t even have the meeting,” he said.