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Good morning from the Financial Times.

Today's Thursday, October 6th, and this is your FT News Briefing.

OPEC Plus is cutting oil production to boost prices,

and the US accuses the cartel of aligning with Russia.

Massive protests across Iran are continuing, and it's not just students in the streets.

Plus, the US remains the world's top destination for foreign investment.

But what's the number one US city for foreign investors?

We'll tell you the winner in just a bit.

I'm Sonia Hudson in for Mark Filipino, and here's the news you need to start your day.

OPEC and its oil producing allies yesterday

agreed to reduce their oil production target by 2 million barrels a day.

That's 2% of global oil supply.

Actual cuts are likely to be smaller, but the move by OPEC Plus, as the group is called,

still provoked a backlash from Europe.

And it deepens the rift between OPEC Plus and the US.

Here's the FT's senior energy correspondent, Tom Wilson.

It's a really huge moment, particularly for Joe Biden,

and when you think about political capital that he's invested in engaging with OPEC

and engaging with Saudi Arabia over the last few months

to try and prevent them from doing exactly what they did.

...