OPEC+ set to keep planned oil output pause for March as prices jump, sources say

By Olesya Astakhova and Ahmad Ghaddar

Reuters

MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ is likely to keep its planned pause on oil output increases for March when it ​meets later on Sunday, three OPEC+ delegates told Reuters, even after crude prices ‌hit six-month highs on concern the U.S. could launch a military strike on OPEC member Iran.

The meeting of eight ‌OPEC+ members comes as Brent crude closed near $70 a barrel on Friday, close to a six-month high of $71.89 reached on Thursday, despite speculation that a supply glut in 2026 would push prices down.

The eight producers - Saudi Arabia, Russia, the United Arab Emirates, Kazakhstan, Kuwait, Iraq, ⁠Algeria and Oman - raised production ‌quotas by about 2.9 million barrels per day from April through December 2025, roughly 3% of global demand.

They then froze further planned increases ‍for January through March 2026 because of seasonally weaker consumption.

Sunday's meeting is due to start at 1330 GMT, two sources said. It is not expected to take any decisions for output policy beyond March, ​sources said on Friday.

Advertisement

OPEC+ includes the Organization of the Petroleum Exporting Countries, plus Russia ‌and other allies. The full OPEC+ pumps about half of the world's oil.

A separate OPEC+ panel called the Joint Ministerial Monitoring Committee is also scheduled to meet on Sunday, delegates said. The JMMC does not have decision-making authority on production policy.

U.S. President Donald Trump is weighing options against Iran that include targeted strikes on security forces and leaders ⁠to inspire protesters, multiple sources said on Thursday.

Washington has ​imposed extensive sanctions on Tehran to choke off ​its oil revenue, a crucial source of state funding.

Both the U.S. and Iran have since signalled willingness to engage in dialogue, but Tehran on ‍Friday said its defence ⁠capabilities should not be included in any talks.

Oil prices have also been supported by supply losses in Kazakhstan, where the oil sector has suffered a series of ⁠disruptions in recent months. Kazakhstan said on Wednesday it was restarting the huge Tengiz oilfield in stages.

(Reporting ‌by Olesya Astakhova in Moscow, Alex Lawler and Ahmad Ghaddar in London. Writing ‌by Alex Lawler, Editing by Alexander Smith)

OPEC+ set to keep planned oil output pause for March as prices jump, sources say

By Olesya Astakhova and Ahmad Ghaddar MOSCOW/LONDON, Feb 1 (Reuters) - OPEC+ is likely to keep its planned pau...
Preparations underway for full reopening of Gaza's Rafah crossing, officials say

By Maayan Lubell and Nidal al-Mughrabi

JERUSALEM/CAIRO Feb 1 (Reuters) - Preparations to reopen Gaza's main border crossing in Rafah were underway on Sunday though it was uncertain any Palestinians would pass through it before the day's end, Israeli ​and Palestinian officials said.

Before the war, the Rafah border crossing with Egypt was the only direct exit point for most ‌Palestinians in Gaza to reach the outside world as well as a key entry point for aid into the territory. It has been largely shut since May ‌2024.

COGAT, the Israeli military unit that oversees humanitarian coordination, said the crossing will reopen in both directions for Gaza residents on foot only and its operation will be coordinated with Egypt and the European Union.

"As part of the pilot for the initial operation of the crossing, all involved parties are carrying out a series of preliminary preparations aimed at increasing readiness for full operation of the crossing," COGAT said on Sunday.

"The ⁠actual passage of residents in both directions ‌will begin upon completion of these preparations," it added.

A European source close to the EU mission confirmed the details and a Palestinian official said the crossing was expected to open for passengers on Monday. The ‍Egyptian foreign ministry did not immediately respond to a request for comment.

STRICT SECURITY CHECKS

Israel has said the crossing would open under stringent security checks only for Palestinians who wish to leave the war-ravaged enclave and for those who fled the fighting in the first months of the war to return.

Many ​of those expected to leave are sick and wounded Gazans in need of medical care abroad. The Palestinian health ministry has ‌said that there are 20,000 patients waiting to leave Gaza.

An Israeli defence official said that the crossing can hold between 150-200 people altogether in both directions. There will be more people leaving than returning because patients leave together with escorts, the official added.

Lists of Gazans set to pass through the crossing have been submitted by Egypt and approved by Israel, the official said.

Reopening the border crossing was a key requirement of the first phase of U.S. President Donald Trump's plan to end the Israel-Hamas war.

But the ceasefire, which came into ⁠effect in October after two years of fighting, has been repeatedly shaken by ​rounds of violence.

Israeli attacks in Gaza have killed more than 500 Palestinians since ​the ceasefire, local health officials say, and Palestinian militants have killed four Israeli troops, according to Israeli authorities.

On Saturday, Israel launched some of its most intense airstrikes since the ceasefire, killing at least 30 people, in ‍what it said was a response ⁠to a Hamas violation of the truce on Friday when militants emerged from a tunnel in Rafah.

The next phases of Trump's plan for Gaza foresee governance being handed to Palestinian technocrats, Hamas laying down its weapons and Israeli troops withdrawing ⁠from the territory while an international force keeps the peace and Gaza is rebuilt.

Hamas has so far rejected disarmament and Israel has repeatedly indicated that if the ‌Islamist militant group is not disarmed peacefully, it will use force to make it do so.

(Additional reporting by Alexander ‌Dziadosz in Cairo; Writing by Maayan Lubell; Editing by Christina Fincher)

Preparations underway for full reopening of Gaza's Rafah crossing, officials say

By Maayan Lubell and Nidal al-Mughrabi JERUSALEM/CAIRO Feb 1 (Reuters) - Preparations to reopen Gaza's main ...
Tehran warns of regional conflict if US attacks Iran

DUBAI, Feb 1 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said that if the U.S. attacked Iran it would ​become a regional conflict, state media reported on Sunday, amid ‌heightened tensions between Washington and Tehran.

The U.S. has built up its naval presence in ‌the Middle East after President Donald Trump repeatedly threatened Iran with intervention if it did not agree to a nuclear deal or failed to stop killing protesters.

"(Trump) regularly says that he brought ships (...) The Iranian ⁠nation shall not be ‌scared by these things, the Iranian people will not be stirred by these threats," Khamenei said.

"We are not ‍the initiators and do not want to attack any country, but the Iranian nation will strike a strong blow against anyone who attacks and harasses ​them."

A diplomatic solution remains on the cards, with Tehran saying it ‌is ready for "fair" negotiations that do not seek to curtail its defensive capabilities.

The U.S. Navy currently has six destroyers, one aircraft carrier, and three littoral combat ships in the region.

The protests, which started in late December over economic hardships but morphed into the most ⁠acute political challenge to the Islamic Republic ​since its establishment in 1979, have ​now abated after repression.

Official numbers put the unrest-related death toll at 3,117, while U.S.-based HRANA rights group said on ‍Sunday it had ⁠so far verified the death of 6,713 people. Reuters was unable to independently verify the numbers.

Khamenei likened the protests to a "coup", ⁠saying that the goal of the "sedition" was to attack the centres that govern ‌the country, state media reported.

(Reporting by Dubai Newsroom; Editing ‌by Alexander Smith and Jane Merriman)

Tehran warns of regional conflict if US attacks Iran

DUBAI, Feb 1 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said that if the U.S. attacked Iran it would ​b...
Alexander Volkanovski defends featherweight title vs. Diego Lopes

In front of a deafening Sydney crowd, UFC featherweight champion Alexander Volkanovski survived a fifth-round rally attempt from Diego Lopes to win yet another unanimous decision (49-46, 49-46, 50-45) in their rematch at UFC 325 Sunday morning.

Field Level Media

Just like their first meeting last April at UFC 314, Lopes (27-8 MMA, 6-3 UFC) wouldn't let Volkanovski (28-4 MMA, 15-3 UFC) coast easily, as the first three rounds saw Lopes take Volkanovski's best shots and deliver some of his own. But Volkanovski retaliated with adjustments throughout, utilizing the clinch to cut Lopes's cage room off.

Volkanovski's win was his first title defense during his second reign, ushering in a reinvigorated era at featherweight moving forward.

But for Volkanovski, winning his first fight in his home country in nearly three years with full backing of the Australian crowd felt different.

"I didn't want to stand (with Lopes) for 25 minutes, but we got the job done," Volkanovski said.

Volkanovski said he's excited to get back in the Octagon soon, saying he would "see what's next" with his team.

Lopes was humble in defeat, although he had a visible reaction to the one judge who ruled all five rounds in Volkanovski's favor.

"I think Volkanovski is one of the best in the division and has been for this long," the Brazilian competitor said.

Lopes called this part of the journey "step-by-step," as he prepares for an uncertain next fight after his second failed championship match against the future Hall of Famer.

Advertisement

Lightweight Benoit Saint-Denis of France effortlessly defeated New Zealand's Dan Hooker by second-round TKO in the night's co-main event with punches from the mount position.

Saint-Denis (17-3 MMA, 9-3 UFC) has put himself in a firm position to remain in title contention this year with four straight wins, while Hooker (24-14 MMA, 14-10 UFC) has dropped back-to-back fights and will continue to go back to the drawing board.

A devastating right hand from lightweight Mauricio Ruffy of Brazil marked the beginning of the end of a high-stakes featured bout opposite Rafael Fiziev of Azerbaijan. Ruffy (13-2 MMA, 4-1 UFC) secured a TKO victory with 30 seconds left in the second round, bouncing back from a loss to Saint-Denis for his eighth win in the last nine fights.

As for Fiziev (13-5 MMA, 7-5 UFC), he has lost four of his last five outings since his six-match win streak was snapped in March 2023.

In the second bout of the main card, heavyweights took center stage as Brazil's Tallison Teixeira outworked Australia's Tai Tuivasa to win a unanimous decision 29-28, 29-28, 29-28 using crisp striking and dominant wrestling through the first two rounds to put Tuivasa in survival mode entering Round 3.

A rally by Tuivasa in an attempt to secure a comeback KO/TKO stoppage fell short. Teixeira (9-1 MMA, 2-1 UFC) handed Tuivasa (15-9 MMA, 8-9 UFC) his sixth straight loss dating back to September 2022.

The UFC 325 main card opened with lightweight Quillan Salkilld doing his part by not fooling the oddsmakers, making quick work of Jamie Mullarkey with a rear-naked-choke submission finish at 3:02 of the opening round in a battle of Australian competitors.

Salkilld (11-1 MMA, 4-0 UFC) closed at DraftKings Sportsbook at -1050, making him the largest betting favorite on the card. Meanwhile, Mullarkey (18-9 MMA, 6-7 UFC) has lost three of his last four.

The UFC does not have a numbered event scheduled in February, with UFC 326 scheduled for March 7 in Las Vegas. The promotion returns to Las Vegas next Saturday for its first UFC Fight Night event of the year from the Meta APEX (formerly UFC APEX).

-Field Level Media

Alexander Volkanovski defends featherweight title vs. Diego Lopes

In front of a deafening Sydney crowd, UFC featherweight champion Alexander Volkanovski survived a fifth-round rally at...
Djokovic and Alcaraz set to chase history in Australian Open final

MELBOURNE, Australia (AP) — Novak Djokovic and Carlos Alcaraz are both chasing history in the Australian Open men's final on Sunday night.

Djokovic, who shares the all-time record of24 Grand Slam singles titles, is chasing an unprecedented 25th major championship to become the most decorated tennis player of all time.

Top-ranked Carlos Alcaraz, a 22-year-old Spaniard, is bidding to become the youngest man ever to complete acareer Grand Slam.

They both survived grueling five-setters in the semifinals on Day 13. Alcaraz held off No. 3 Alexander Zverev on Friday. Djokovic's epicwin over two-time defending Australian Open champion Jannik Sinnerended after 1:30 a.m. Saturday.

The 10-time Australian Open winner was still doing interviews at 3 a.m. inside the depths of Rod Laver Arena.

Djokovic's record in finals at Melbourne Park is 10-0. Alcaraz is playing his first Australian final.

Rod Laver Arena was sold out, with ticket prices surging ahead of the championship decider. Formalities for the final were due to start at 7:30 p.m. local time (0830 GMT).

Conditions were cool and cloudy with some gusting breezes, and light rain showers possible.

AP tennis:https://apnews.com/hub/tennis

Djokovic and Alcaraz set to chase history in Australian Open final

MELBOURNE, Australia (AP) — Novak Djokovic and Carlos Alcaraz are both chasing history in the Australian Open men's f...
Justin Rose enters final round at Farmers with 6-shot lead

England's Justin Rose might be too far ahead for the rest of the golfers in the Farmers Insurance Open to catch up.

Rose shot a 4-under-par 68 on Saturday in the third round to carry a six-stroke lead into the final round in San Diego.

Despite three bogeys on the Torrey Pines South Course's back nine, Rose enters Sunday's play at 21-under 195 for the tournament.

Joel Dahmen also posted a 68, putting him in second place. Japan's Ryo Hisatsune (68) and South Korea's Si Woo Kim (69) share third place at 13 under. Max McGreevy (71) is next at 12 under.

"If Justin makes his tee time and continues to play this way, he's going to win the golf tournament," Dahmen said. "He's just playing too well."

Rose is looking for his second title at Torrey Pines, where he won in 2019 with a 21-under score.

On Saturday, Rose was 4 under through seven holes and added a birdie on No. 10 before a pair of bogeys. His birdie on the 13th hole got him back on track, while he finished the round with a birdie putt from about 3 1/2 feet on the par-5 18th.

"I played well, gave myself a lot of chances," Rose said after the round. "In some ways, yeah, you walk off thinking maybe it could have been lower, you know. You never want to say that after a 68 at Torrey or obviously being in the position that I'm in, but yeah I played really, really well today."

Maverick McNealy (70), Germany's Stephan Jaeger (65) and Ireland's Seamus Power (74) are at 11 under.

Jaeger had the best round of the day with all pars and birdies. Defending champion Harris English recorded a 67 and sits tied for 20th at 8 under through three rounds.

"Happy to turn around and have a really nice round," Jaeger said.

Jaeger had only one birdie Friday. He said he adjusted his putting grip and that paid off.

"I think I'm going to try them again (Sunday)," he said. "I putted really nicely today so it's going to stay for a while."

The next-best rounds of 4 under were turned in by Adam Schenk and Keith Mitchell -- both at 9 under -- along with Australia's Jason Day, Rose, Hisatsune and Dahmen.

Brooks Koepka, in his first tournament since defecting from the LIV Golf ranks, won't factor in the final round after posting his second 73 of the tournament during an erratic round. He's at 2 under and tied for 61st.

Koepka said he was nervous upon making his return. Now playing on the weekend, he's relieved regarding the reception he has received.

"It has been phenomenal," Koepka said. "It has been overwhelming. It has been very cool. I don't know what I expected, but this is beyond what I could have dreamed of."

Chris Gotterup, who won the season-opening Sony Open a couple of weekends ago, said golfers are anxious to find positives early in the schedule.

"All of us want to get off to good starts (to the season)," he said.

Gotterup shot 70 for the second straight day and is tied for 20th at 8 under, but he said the course is offering a fair yet challenging test.

"You have to be in the fairway, you have to be in the right spots on the greens," Gotterup said. "Whoever wins this week is going to earn it."

--Field Level Media

Justin Rose enters final round at Farmers with 6-shot lead

England's Justin Rose might be too far ahead for the rest of the golfers in the Farmers Insurance Open to catch up...
NATO's ability to deter Russia has taken a hit with trans-Atlantic infighting

BRUSSELS (AP) — European allies and Canada are pouring billions of dollars into helping Ukraine, and they have pledged tomassively boost their budgetsto defend their territories.

Associated Press President Donald Trump, right, meets with NATO Secretary General Mark Rutte during a meeting on the sidelines of the Annual Meeting of the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 21, 2026. (AP Photo/Evan Vucci) A woman aims a rifle aboard a naval vessel during a public day in Nuuk, Greenland, on Saturday, Jan. 24, 2026. (AP Photo/Evgeniy Maloletka) People wave national flags for Greenland Minister for Foreign Affairs and Research Vivian Motzfeldt as she arrives at the airport in Nuuk, Greenland, on Tuesday, Jan. 20, 2026. (AP Photo/Evgeniy Maloletka) NATO Secretary General Mark Rutte, center, addresses the Security and Defence Committee at the European Parliament in Brussels, Monday, Jan. 26, 2026. (AP Photo/Virginia Mayo) FILE - President Donald Trump speaks in the Oval Office of the White House on May 20, 2025, in Washington. (AP Photo/Alex Brandon, File)

APTOPIX Switzerland Davos Trump

But despite those efforts, NATO's credibility as a unified force under U.S. leadership has taken a huge hit over the past year as trust within the 32-nation military organization dissolved.

The rift has been most glaring over U.S. President Donald Trump's repeated threats toseize Greenland, a semiautonomous territory of NATO ally Denmark. More recently, Trump's disparaging remarks about his NATO allies' troops in Afghanistandrew another outcry.

While the heat on Greenlandhas subsidedfor now, the infighting has seriously undercut the ability of the world's biggest security alliance to deter adversaries, analysts say.

"The episode matters because it crossed a line that cannot be uncrossed," Sophia Besch from the Carnegie Europe think tank said in a report on the Greenland crisis. "Even without force or sanctions, that breach weakens the alliance in a lasting way."

The tensions haven't gone unnoticed in Russia, NATO's biggest threat.

Any deterrence of Russia relies on ensuring that President Vladimir Putin is convinced that NATO will retaliate should he expand his war beyondUkraine. Right now, that does not seem to be the case.

"It's a major upheaval for Europe, and we are watching it," Russian Foreign Minister Sergey Lavrov noted last week.

Filling up the bucket

Criticized by U.S. leaders for decades over low defense spending, and lashed relentlessly under Trump, European allies and Canada agreed in July to significantly up their game and start investing 5% of their gross domestic product on defense.

The pledge was aimed at taking the whip out of Trump's hand. The allies would spend as much of their economic output on core defense as the United States — around 3.5% of GDP — by 2035, plus a further 1.5% on security-related projects like upgrading bridges, air and seaports.

NATO Secretary-General Mark Rutte has hailed those pledges as a sign of NATO's robust health and military might. He recently said that "fundamentally thanks to Donald J. Trump, NATO is stronger than it ever was."

Though a big part of his job is to ensure that Trump does not pull the U.S. out of NATO, as Trump has occasionally threatened, hisflattery of the American leaderhas sometimes raised concern. Rutte has pointedly refused to speak about the rift over Greenland.

Article 5 at stake

The North Atlantic Treaty Organization was formed in 1949 to counter the security threat posed by the Soviet Union during the Cold War, and its deterrence is underpinned by a strong American troop presence in Europe.

The alliance is built on the political pledge that an attack on one ally must be met with a response from them all — the collective security guarantee enshrined inArticle 5of its rule book.

It hinges on the belief that the territories of all 32 allies must remain inviolate. Trump's designs on Greenland attack that very principle, even though Article 5 does not apply in internal disputes because it can only be triggered unanimously.

"Instead of strengthening our alliances, threats against Greenland and NATO are undermining America's own interests," two U.S. senators, Democrat Jeanne Shaheen and Republican Lisa Murkowski, wrote in a New York Times op-ed.

"Suggestions that the United States would seize or coerce allies to sell territory do not project strength. They signal unpredictability, weaken deterrence and hand our adversaries exactly what they want: proof that democratic alliances are fragile and unreliable," they said.

Advertisement

Even before Trump escalated his threats to seize control of Greenland, his European allies were never entirely convinced that he would defend them should they come under attack.

Trump has said that he doesn't believe the allies would help him either, and he recently drew more anger when he questioned the role of European and Canadian troops who fought and died alongside Americans in Afghanistan. The president later partially reversed his remarks.

In testimony to the Senate Foreign Relations Committee, U.S. Secretary of State Marco Rubio dismissedcriticism that Trump has undermined the alliance.

"The stronger our partners are in NATO, the more flexibility the United States will have to secure our interests in different parts of the world," he said. "That's not an abandonment of NATO. That is a reality of the 21st century and a world that's changing now."

A Russia not easily deterred

Despite NATO's talk of increased spending, Moscow seems undeterred. The EU's foreign policy chief, Kaja Kallas, said this week that "it has become painfully clear that Russia will remain a major security threat for the long term."

"We are fending off cyberattacks, sabotage against critical infrastructure, foreign interference and information manipulation, military intimidation, territorial threats and political meddling," she said Wednesday.

Officials across Europe have reported acts ofsabotageand mysteriousdrone flightsover airports and military bases. Identifying the culprits is difficult, and Russia denies responsibility.

In a year-end address, Rutte warned that Europe is at imminent risk.

"Russia has brought war back to Europe, and we must be prepared for the scale of war our grandparents or great-grandparents endured," he said.

Meanwhile in Russia, Lavrov said the dispute over Greenland heralded a"deep crisis"for NATO.

"It was hard to imagine before that such a thing could happen," Lavrov told reporters, as he contemplated the possibility that "one NATO member is going to attack another NATO member."

Russian state media mockedEurope's "impotent rage" over Trump's designs on Greenland, and Putin's presidential envoy declared that "trans-Atlantic unity is over."

Doubt about US troops

U.S. Defense Secretary Pete Hegseth is due to meet with his counterparts at NATO on Feb. 12. A year ago, he startled the allies by warning that America's security prioritieslie elsewhereand that Europe must look after itself now.

Security in the Arctic region, where Greenland lies, will be high on the agenda. It's unclear whether Hegseth will announce a new drawdown of U.S. troops in Europe, who are central to NATO's deterrence.

Lack of clarity about this has also fueled doubt about the U.S. commitment to its allies. In October, NATO learned that up to 1,500 American troops would be withdrawn from an area bordering Ukraine,angering ally Romania.

A report from the European Union Institute for Security Studies warned last week that although U.S. troops are unlikely to vanish overnight, doubts about U.S. commitment to European security means "the deterrence edifice becomes shakier."

"Europe is being forced to confront a harsher reality," wrote the authors, Veronica Anghel and Giuseppe Spatafora. "Adversaries start believing they can probe, sabotage and escalate without triggering a unified response."

NATO's ability to deter Russia has taken a hit with trans-Atlantic infighting

BRUSSELS (AP) — European allies and Canada are pouring billions of dollars into helping Ukraine, and they have pledged to...

 

HOT POINT © 2015 | Distributed By My Blogger Themes | Designed By Templateism.com