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Kuwait expects oil to climb to $60 a barrel

Kuwait's new oil minister said Thursday he expects crude prices to climb to $60 a barrel as output cuts agreed by OPEC and non-OPEC producers take hold next year. Essam al-Marzouk gave no timeframe for his projection, saying only that he was optimistic producers would comply with the agreed...

Iran sanctions renewal becomes law without Obama signature

In an unexpected reversal, President Barack Obama declined to sign a renewal of sanctions against Iran but let it become law anyway, in an apparent bid to alleviate Tehran’s concerns that the U.S. is backsliding on the nuclear deal. Although the White House had said that Obama was expected...

Russian leader Putin arrives in Japan for territorial talks

Russian President Vladimir Putin arrived in Japan on Thursday for a two-day summit that marks his first official visit to a G-7 country since Russia's 2014 annexation of Crimea. His Rossiya Airlines plane touched down at 4:50 p.m. at Yamaguchi Ube Airport on the coast of western Japan, two...