Here are Press TV's top latest news stories at 16:00 GMT, May 27, 2023.

President Raeisi urges the OPEC member states to forge unity to thwart Western plots to sow discord.

OPEC figures show Iran’s oil output fell slightly in March compared to February to 2.567 mln bpd.

Oil prices have soared after major producers agree to cut production by around 1.5 million barrels of crude a day.

Latest OPEC figures show Iran’s oil output rose by 162,000 barrels or 6.7% last year compared to 2021.

Iran’s oil minister says the country has not been able to pay its dues to OPEC because of US sanctions.

Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) is seeking to humiliate US President Joe Biden as part of a global power play.

Several member states of OPEC+ have expressed their endorsement of a recently agreed upon production cut.

The United States has slammed Saudi Arabia for insisting last week's output cut by the Organization of the Petroleum Exporting Countries and allies (OPEC+), in which Riyadh is a top producer, was economically rather than politically motivated.

The White House has announced that President Joe Biden is re-evaluating the American relationship with Saudi Arabia.