Monday, 23 July, 2018

Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

Jodi Jackson | 03 July, 2018, 02:10

Hook sad more than 50 firms announced their intent to leave the Iranian market, particularly in energy and finance sectors, as the U.S.is moving toward placing sanctions on Iran.

"We will surely do something to thwart the U.S. rallying cry that Iranian oil must be stemmed", First Vice President Eshagh Jahangiri said in statements broadcast on state television.

"We want to defeat America's efforts ... to stop Iran's oil exports", he said.

The announcement by Jahangiri came just a day after US President Donald Trump said that Saudi Arabia had agreed to increase its oil exports to make up the difference lost to the sanctions.

After the USA withdrew from the Iranian nuclear deal in May, it said it would reimpose economic sanctions against Tehran by November.

Late last week, Iran's Oil Minister Bijan Zangeneh urged the Organization of Petroleum Exporting Countries (OPEC) to prevent some of its members from increasing output without arriving at a consensus.

"We are not looking to grant licenses or waivers, because doing so would substantially reduce pressure on Iran, and this is a campaign of imposing pressure", Brian Hook, Director of Policy Planning at the State Department told reporters at a news conference.

"In this battle, any country that tries to take Iran's place on the oil market will be guilty of treason against Iran. and surely one day it will pay the price of this treason", he said.

Rising gasoline prices could create a political headache for Trump ahead of the November elections by offsetting Republican claims that his tax cuts and rollbacks of federal regulations have helped boost the economy. Oil prices rose to multiyear highs last week after US officials signaled the administration would act to cut Iran exports faster than expected and.

But a flurry of USA announcements over the weekend unsettled oil markets. "Absolutely", the president responded when asked if the US would sanction European countries that do business with Iran.

The US on Monday said it is prepared to work with nations that are reducing their oil imports from Iran on a case-by-case basis, but ruled out granting waivers to countries like India or Turkey as it could substantially reduce pressure on Tehran.

But two key administration allies - Newt Gingrich and Rudy Giuliani - joined a rally in Paris over the weekend organized by an exiled opposition group that calls for the regime's violent overthrow.

Recommended

Hero pup saves owner from rattlesnake bite in Arizona Hero pup saves owner from rattlesnake bite in Arizona Friends of Todd has started a GoFundMe page to raise money for Anthem Pets Animal Rescue. As a result, the snake bit the dog right on the face.

Gareth Southgate urges England players to 'write their own stories' Gareth Southgate urges England players to 'write their own stories' I used to just dribble and stay wide and now I'm in the box more and getting more opportunities". He got it right most of the time last season but we need a bit extra to push for the title".

Mavs land C Jordan on 1-year deal Mavs land C Jordan on 1-year deal The 6-foot-11 big man has now set his sights on joining Dirk Nowitzki and the Dallas Mavericks , per ESPN's Adrian Wojnarowski . Clippers beat writer Brad Turner reported that Dallas wasn't interested in trading multiple picks to Los Angeles in the deal .

Ronaldo refuses to confirm retirement after Portugal exit Ronaldo refuses to confirm retirement after Portugal exit The first of those three final defeats came on the biggest stage of all and by the finest of margins in Brazil four years ago. The same goes for Ronaldo as well, who will be 37-years-old when the World Cup bandwagon shifts to Qatar.

South Korea ends World Cup campaign with mixed feelings South Korea ends World Cup campaign with mixed feelings KAZAN, Russia-The tears flowed on both sides of the field after South Korea beat Germany at the World Cup. Suele made his first World Cup appearance as a replacement for Jerome Boateng .

Trump Rejects Calls To Abolish ICE: 'Zero Chance, It Will Never Happen!' Trump Rejects Calls To Abolish ICE: 'Zero Chance, It Will Never Happen!' Immigration and Customs Enforcement. "To the great and fearless men and women of ICE, do not worry or lose your spirit". Sharaf and co-organizer Erin Conroy are coordinating their efforts with immigrant advocacy groups.

President Trump to Make Choice on SCOTUS Nominee on July 9 President Trump to Make Choice on SCOTUS Nominee on July 9 Roberts will become the new median justice if Trump nominates someone more conservative than the chief justice. "I said, 'Mr. The road to confirmation for Trump's pick is likely to be a contentious one, as Democrats are expected to push back .

England's World Cup odds improve despite Belgium defeat England's World Cup odds improve despite Belgium defeat How does Southgate play this one, then? I know in some quarters that will be criticised but I am entirely comfortable with that. That is the least of my concerns. "Everybody knows the most important game is the knockout round".

Bali Holiday Plans And Flights In Chaos After Mount Agung Erupts, Again Bali Holiday Plans And Flights In Chaos After Mount Agung Erupts, Again Bali's main worldwide gateway will be closed until at least Friday evening, according to officials who spoke to AFP news agency. Airlines cancelled mostly worldwide flights after the closure on Thursday, affecting more than 8000 passengers affected.

Women’s March Calls for Abolishing Border Security at D.C. Protest Women’s March Calls for Abolishing Border Security at D.C. Protest In all, Capitol police arrested at least 575 women for the misdemeanor offense of unlawfully demonstrating in the Capitol. Gillibrand said, adding the protests were an "amazing" act of defiance against the Trump administration.

Ronaldo can't beat Uruguay on his own, warns Portugal coach Ronaldo can't beat Uruguay on his own, warns Portugal coach Ronaldo lifted Portugal to a 3-3 draw against Spain in their opening game , capping a hat-trick with a sensational free-kick. Fernando Santos is Portugal's current coach. "It's not just in this World Cup that they have not been conceding goals".

Rs 100 Cr Weekend for Ranbir Kapoor’s Sanju?? Rs 100 Cr Weekend for Ranbir Kapoor’s Sanju?? Ranbir is accompanied by many fine actors, Paresh Rawal, Manisha Koirala, Anushka Sharma, Dia Mirza among others. The film has collected a huge Rs 34.75 crore on day one leaving behind Salman Khan's action thriller " Race 3 ".

Turkey votes as Erdogan eyes second term Turkey votes as Erdogan eyes second term Turkey began European Union membership talks in 2005, but the discussions have been at a standstill in recent years. Erdogan's closest rival, Muharrem Ince , who complained of unfair elections, has yet to formally concede defeat.

New Protests in Tehran Pose Fresh Challenge to Iran's Rulers New Protests in Tehran Pose Fresh Challenge to Iran's Rulers Now that the United States has withdrawn from the Iran nuclear deal, some sanctions are to be reimposed in August and November. Traders from the bazaar, whose merchants supported Iran's 1979 Islamic revolution, said most shops remained closed.

Zimbabwe campaign rally explosion death toll increase Zimbabwe campaign rally explosion death toll increase At least 49 people were injured, including both of Zimbabwe's vice presidents, but Mr Mnangagwa was unscathed. The country's two vice presidents were among the injured, the state-run newspaper The Herald reported.