Major blow to US power as OPEC+ cuts oil production

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In a major black eye for the perceived influence of the United States, Washington was unable to prevent the OPEC+ oil consortium from announcing its first production cut in two years. The reduction of two million barrels could cost the ruling Democratic Party big in next month’s midterm legislative elections. The expected increases in gas prices - and thus practically all prices - could drastically affect an economy already on the brink for America’s working class.

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