During a joint press conference with Saudi Prince Faisal bin Farhan, US Secretary of State Mike Pompeo encourages Saudi Arabia to recognize Israel, in what would be a massive boost for the Jewish state amid normalization by two other Gulf Arab kingdoms.
Oil prices have climbed up in recent times driven by relaxed coronavirus restrictions and lock-downs in some countries which have allowed some businesses and factories to resume operations. The market was also supported by Saudi Arabia’s decision to further deepen its output cut. Rolake Akinkugbe-Filani, Managing Director of Energyinc Advisors joins CNBC Africa to focus on the global oil market and its implication for Nigeria.
Muslim worshippers pray while respecting the social distancing restrictions next to the Kaaba in Mecca's Grand Mosque. Saudi Arabia partially lifted its curfew but said it would maintain a round-the-clock lockdown in the holy city of Mecca.