The leak reveals that Saudi Arabia agreed to pay Russia over 2 billion euros under a contract signed in 2021 involving companies that were repeatedly sanctioned, both before and after Russia’s full-scale invasion of Ukraine.

Trump in his first days in office has leaned in on the idea that OPEC+, the alliance of oil producing nations, holds the key to ending the war by reducing oil prices.

Russia has been exporting arms to countries including Saudi Arabia, bolstering its economy after a barrage of sanctions followed its full-scale invasion of Ukraine in 2022.

The Kremlin on Friday said the Ukraine war is about Russia's national security and not about oil prices. This is after U.S. President, Donald Trump,

Saudi Foreign Minister Prince Faisal bin Farhan said on Friday from Damascus that his country was engaged in an active dialogue with Europe and the U.S. to help lift economic sanctions imposed on Syria.

In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.

President Trump held his first official call with a foreign leader since being sworn in for his second term with Saudi Crown Prince Mohammad Bin Salman, a controversial figure who Trump on

MOSCOW (Reuters) - The Ukraine war is about Russia's national security and not about oil prices, the Kremlin said on Friday after U.S. Donald Trump called for a cut in the price of oil. Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil.

Oil prices edged up on Monday, with traders still on edge despite the U.S. pulling back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions.

U.S. President Donald Trump has hinted that his first international visit could be to Saudi Arabia, contingent on securing a substantial trade deal worth up to $600 billion. Speaking to reporters, Trump emphasised the potential for Saudi Arabia to influence the ongoing Russia-Ukraine war by increasing oil production,

Videos showed fireballs over a facility in Ryazan, 110 miles southeast of Moscow. Kyiv is seeking to disrupt Russian military logistics and put pressure on the country’s economy by striking its oil industry.