The cartel’s decision comes as U.S.-Iran talks to end the war have eased pressure on oil supplies, even as broader market and political volatility persists.
An oil refinery in Ras Tanura, Saudi Arabia, in 2018. The country has been actively ramping up oil shipments since the United States and Iran signed a framework agreement in June.
President Trump insisted on Sunday that if Iran failed to reach a final nuclear accord with the United States, he would restart military attacks on Tehran.
Britain’s Defense Ministry said it was the first time that British forces had acted alone to stop a ship in the fleet, a collection of vessels that Russia uses to move fuel and evade sanctions.
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