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The head of OPEC has warned that a decision by President Donald Trump to abandon the Iran nuclear deal would harm the global economy.In an interview with CNNMoney, OPEC Secretary General Mohammad Barkindo said that any factor that prevents the smooth running of the oil industry "will not be in the interest of the global economy.""Whatever extraneous factor that affects supply or demand, will no doubt send the market into disequilibrium, which is not in the interest of producers, or the interest of consumers," he said when asked about the consequences of ditching the Iran nuclear agreement.Trump has repeatedly threatened to rip up the Iran accord, which he has described as "the worst deal ever." He said he plans to announce his decision on the matter on Tuesday at 2:00 p.m. ET.The United States and other powers agreed to lift some economic sanctions under the 2015 deal in return for Iran agreeing to rein in its nuclear program. The sanctions had limited energy investment and production, and Iran's oil industry has sprung back to life since they were lifted.Iranian oil exports have increased by roughly 1 million barrels per day since early 2016, and the big question is whether the market will be able to cope with a sharp drop in supply if sanctions are reimposed.Worries over potential supply disruptions have already caused oil prices to spike. They've surged nearly 13% over the past month and hit their highest level since 2014, while the price of US gas has jumped to a national average of .81 a gallon.Barkindo said that price hikes were being driven by "volatility that occasionally returns to the market" as a result of "geopolitical tensions."A Nigerian who is serving a three-year term as secretary general, Barkindo said that OPEC would continue to seek a balanced oil market. The interview was conducted before Trump said an announcement on Iran was imminent.The cartel and its allies agreed to slash output in late 2016, a response to oversupply and an oil price crash. The agreement has been extended until the end of 2018.The secretary general said it had taken four "long" years for OPEC to get where it is today, with prices hovering around .Barkindo said the cartel was committed to seeing the agreement through, but he hinted that market conditions could spur a change."We have always been flexible. There is nothing sacrosanct in this market," Barkindo said. 2414
The porn star known as Stormy Daniels threatened to call off a nondisclosure agreement with President Donald Trump's lawyer weeks before the election, The Washington Post reports, citing an email from Daniels' lawyer obtained by the newspaper.Trump's personal legal counsel, Michael Cohen, agreed to pay the woman, whose real name is Stephanie Clifford, reportedly in exchange for her silence about an alleged affair she had with Trump several years prior.But according to the Post, an email from Clifford's lawyer, Keith Davidson, on October 17, 2016, shows Clifford's lawyer threatening to end the nondisclosure deal. At that point, the payment had not arrived, the newspaper said.Shortly after, a second email to Cohen from Davidson obtained by the newspaper said: "Please be advised that my client deems her settlement agreement canceled and void."Ten days after those emails, another email shows Daniels received a 0,000 payment, according to the Post.Cohen admitted last month to making the payment, saying in a statement that the exchange was a "lawful" "private transaction" in which he used his "own personal funds," and "was not a campaign contribution or a campaign expenditure by anyone.""Neither the Trump Organization nor the Trump campaign was a party to the transaction with Ms. Clifford, and neither reimbursed me for the payment, either directly or indirectly," Cohen said.Cohen reportedly set up a private LLC shortly before the 2016 presidential election to pay Clifford, following an alleged July 2006 sexual encounter with Trump, The Wall Street Journal reported in January.After the initial reports of the payment, Cohen said in a statement that Trump "vehemently denies" any encounter between the two."Just because something isn't true doesn't mean that it can't cause you harm or damage," Cohen's latter statement said. "I will always protect Mr. Trump."Clifford's manager also said last month that Clifford now believes Cohen voided the non-disclosure by admitting to the payment."Everything is off now, and Stormy is going to tell her story," said Gina Rodriguez, Clifford's manager.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2217
The midterm election was not just an opportunity to change the face of Congress and statehouses nationwide. Voters in 37 states also considered ballot measures on social and political issues such as health care, marijuana and election policies.Some were initiated by citizens, others by lawmakers. The questions included whether to restrict abortion access, expand Medicaid, or change voting requirements.Here are some of the ballot measures we're keeping an eye on nationwide. We'll continue updating the results as they come in. 538
The House Intelligence Committee voted along party lines Thursday to release the Republican report on Russian meddling, after it goes through the declassification process.The top Democrat on the committee, Rep. Adam Schiff of California, said his party members on the committee sought to hold the hearing in open session, issue a number of subpoenas and hold former White House adviser Steve Bannon in contempt. He said Republicans rejected all of it. Democratic Rep. Mike Quigley of Illinois that reiterated Schiff and said Democrats made more than a dozen motions.Schiff effectively declared the bipartisan investigation over but said the Democratic probe would continue.Rep. Eric Swalwell of California called the report an incomplete assessment.In a sign of how tense the meeting was, Quigley said he clucked like a chicken at one point to underscore how he thought Republicans "lacked courage" and "ducked one of the most important times in American history." 978
The products and services mentioned below were selected independent of sales and advertising. However, Don't Waste Your Money may receive a small commission from the purchase of any products or services through an affiliate link to the retailer's website.As schools across the country remain closed due to the coronavirus pandemic, it may get harder for parents to keep kids entertained and engaged in learning. 419