Russia, Saudi Arabia seal key oil deal

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RIYADH — Russian President Vladimir Putin signed a key deal Monday with Saudi Arabia during a key visit for an OPEC+ grouping aimed at stabilizing global oil prices and seeking to calm regional tensio

ns with Iran.

Moscow is not a member of OPEC, but it has worked closely with the group to limit supply and push up prices after a 2014 slump that wreaked havoc on the economies of Russia and cartel heavyweight Saudi Arabia. On Monday, Putin said "Russia attaches particular importance to the development of friendly, and mutually beneficial ties with Saudi Arabia".

In an interview with Arabic-language television channels ahead of his visit, Putin praised his good relations with the Saudi royals. Yemen's Iran-backed Huthi rebels claimed responsibility. But US officials blamed Tehran, charging that the rebels did not have the range or sophistication to target the facilities.SYRIA WAR

 

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