What the End of Saudi Arabia’s Big-Spending Era Means for the Kingdom and Beyond
The kingdom is pulling back from a costly and high-profile golf venture amid mounting financial concerns, raising questions about its plans.
The kingdom is pulling back from a costly and high-profile golf venture amid mounting financial concerns, raising questions about its plans.
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
It was Defense Secretary Pete Hegseth’s first public appearance before Congress since Operation Epic Fury began in late February.
The United States has halted dollar shipments to Iraq’s cash-based economy in an effort to force the Baghdad government to distance itself from Iran. The money comes from Iraq’s oil revenues.
The Saudi league, established in 2022, attracted some of the sport’s biggest stars with huge contracts.
As the White House prepares to release its 2027 budget, President Trump said military protection, not social programs, took precedence.
President Trump and Prime Minister Benjamin Netanyahu of Israel suggested that the war with Iran could end soon, but that there were still more attacks ahead.
The conflict in Iran may give Moscow a short-term boost economically and in Ukraine. But it has also shown the limits of Russia’s partnerships.
High inflation and a currency collapse have squeezed Iranians’ budgets, challenging the country’s leaders.