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U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China, reaching agreement on intellectual property, financial services and big agricultural purchases and suspended a threatened tariff hike. "There was a lot of friction between the United States and China, and now it’s a lovefest. 

U.S. President Donald Trump demanded Turkey to cease its military operations in northeast Syria and imposed sanctions on its NATO ally on Monday.  "The United States of America simply is not going to tolerate Turkey's invasion in Syria any further. We are calling on Turkey to stand down, end the violence and come to the negotiating table," Vice President Mike Pence told reporters. Trump also announced plans to reimpose steel tariffs on Turkey and immediately halt negotiations on a $100 billion trade deal. Meanwhile, U.S. House Speaker Nancy Pelosi said in a statement that Trump’s sanctions on Turkey “falls very short of reversing that humanitarian disaster.”

 Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Monday that Saudi Arabia’s oil production will recover in October and November to levels above those seen before the September attacks on its oil facilities. The minister said production will reach 9.86 million bpd in October and November. Prince Abdulaziz said Saudi Arabia's production capacity would reach 12 million bpd by the end of November.