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a lot of balls in the air. fred pleitgen in moscow. thanks. global oil prices are at a four-year high. opec resists american pressure. topped $80 a barrel. world oil supply is tight. it is expected to get tighter. mainly because of looming u.s. sanctions on iran targeting iranian oil exports. iran is the fourth largest producer of oil. sanctions begin november 4th. last week, president trump demanded opec produce for the shortfall. the issue is you pay more at the pump. summer prices were the highest in years. that could cause a problem for the gop. morgan stanley says this cuts into the tax cuts americans received wiping out a third of the benefit. no one wants an increase in prices. coming up, a week after the

World oil supplyFrederik pleitgenOil pricesOpec resists american pressureIn moscowNovember 4thDonald trumpSummer pricesComing upTax cutsMorgan stanley