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Senior US Official Says OPEC+ Oil Cut Came at ‘Worst’ Moment

  • ‘The impact is wide ranging,’ says State Department’s Leaf
  • Saudis and Americans need to recommit to dialogue, says Stroul
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OPEC+’s decision to cut oil production will hurt the global economy and add to inflationary pressures, a senior US official said during a visit to the Middle East.

“The impact is wide ranging,” Barbara Leaf, Assistant Secretary of State for Near Eastern Affairs, told reporters in Kuwait on Wednesday. It came at “the worst possible moment,” she said, with the world only just emerging from the coronavirus pandemic and dealing with the fallout of Russia’s invasion of Ukraine.