Iran has nearly halved the amount of oil it has been forced to hold in tankers at sea, thanks to the end of nuclear sanctions. Now it's capitalizing on the November OPEC deal to cut oil production by 1.2 million barrels a day.

Why this matters: Iran is OPEC's third biggest oil producer, and it got off easy during the OPEC deal so it can rebuild its economy. But if it floods the market with stored oil, it will dampen OPEC's aim to boost prices.

And they're already doing it: Industry sources said Iran had already been offering discounts to buyers, and convincing them to stock up for winter in anticipation of the OPEC cut.

Why Americans should care: U.S. shale gas producers will also benefit from OPEC cuts, as rising oil prices resulting from the cut will make more of their operations profitable.

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1 hour ago - Health

U.S. hits highest daily COVID-19 case count since pandemic began

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COVID Tracking Project

The U.S. confirmed at least 83,010 coronavirus cases on Friday, the country's highest daily total since the pandemic started, according to data from the COVID Tracking Project.

By the numbers: Friday's total surpassed the U.S.'s previous record set on July 17 when 76,842 cases were recorded. 

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

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Fauci: Trump hasn't been to a COVID task force meeting in months

Photo: Drew Angerer/Getty Images

President Trump has not attended a White House coronavirus task force meeting in “several months,” NIAID director Anthony Fauci told MSNBC on Friday.

Why it matters: At the beginning of the pandemic, the task force, led by Vice President Mike Pence, met every day, but in the "last several weeks," members have held virtual meetings once a week, Fauci said, even as the number of new cases continues to surge in the country.