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A number of policy setbacks have pushed Saudi Arabia to revisit its blockade of Qatar raising the spectre of a potential rapprochement.
Iran's President Hassan Rouhani says the field with over 50 billion barrels of crude stretches over 2,400 sq km in the oil-rich Khuzestan province.
A window for rapprochement in the Gulf could be in the offing as the US tones down its rhetoric on Iran pushing Saudi Arabia and the UAE to take a step back.
US President Trump says it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but adds he did not want war with anyone.
Yemen's Houthi rebels attacked two Aramco oil facilities in Abqaiq and Khurais and vowed to widen the range of its attacks on Saudi Arabia, which leads a coalition fighting them in Yemen.
Explosive experts from US Navy say mine used in the attack on an oil tanker in the Gulf of Oman bears a "striking resemblance" to Iranian mines. Iran has denied involvement.
After Syria, Russia focuses its attention on Libya by supporting mercenaries and sending weapons to Khalifa Haftar, who is controlling the east of the country.
Instability over control of disputed oil fields continues between the UN-backed Tripoli-based GNA and Tobruk-based LNA, led by General Khalifa Haftar, as the country’s largest oil field becomes the latest flashpoint.
The announcement by President Juan Manuel Santos that peace talks with the ELN have been suspended followed a resumption of attacks by the armed group on oil installations and the armed forces.
The US-backed militia now controls the entire eastern flank of the Euphrates river in Syria. Their territory contains the largest oil fields in the country.
The advance of the US-backed SDF on Deir Ezzor brings their front line against Daesh closer to that of the Russian-backed Syrian regime forces, increasing the risk of bringing the parallel operations into direct conflict with each other.
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