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3 Articles
Source: The Guradian

Ending the Iranian sanctions waiver could be own goal for Trump

Today 08:05 GMT

Even so, the lack of joined-up thinking in the decision to end the waiver against sanctions from nations that buy oil from Iran takes some beating.

There’s the fact that Trump is in effect telling China – the biggest importer of Iranian oil – that it can only do business with certain countries with the prior approval of Washington DC. That has more than a hint of imperialistic hubris about it and would be asking for trouble at the best of times.

1 Article
Source: DW

Defiant China to soften blow of Trump's Iran oil decision

Today 06:05 GMT

The Trump administration's move to stifle Iran of much-needed oil revenue is expected to hurt Chinese oil companies, which are among Iran's biggest companies.

Saudi Arabia, the world's top oil exporter, has supported President Donald Trump's decision to end waivers not only because Iran is its main foe but also because a rise in oil prices means higher revenue for the kingdom. Officials in Riyadh were disappointed after Washington exempted major Iranian oil importers from sanctions in November, causing oil prices to plunge to around $50 a barrel from more than $85.

1 Article
Source: Common Domain

Strait of Hormuz: Oil ‘choke point’ in focus as U.S. ends Iran oil waivers

Tuesday 22:45 GMT

Geography could matter for investors if Tehran moves to close or at least hinder the world’s busiest waterway for global oil shipments in retaliation for the U.S. decision Monday to demand that all Iran oil buyers halt purchases by May 1.. Read: The end of Iranian oil waivers and what it means for the OPEC-led output cut pact. Most analysts see little scope for Iran to close the Strait of Hormuz, often described as the most crucial “choke point” in the global energy supply chain.

3 Articles
Source: DW

India looking to compensate loss of Iranian oil

Today 06:05 GMT

India's Petroleum and Natural Gas Minister Dharmendra Pradhan tweeted on Tuesday, saying that the country will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil.

India's petroleum ministry issued a statement assuring of a "robust" oil import plan starting from May. "The Government of India has put in place a robust plan to ensure that there is adequate supply of crude oil to Indian oil refineries from May 2019 onwards. There will be additional supplies from other major oil producing countries from different parts of the world," the ministry said in a statement on Tuesday.

1 Article
Source: Fox News

Netanyahu to name Golan Heights settlement after President Trump

Today 08:05 GMT

Israeli Prime Minister Benjamin Netanyahu announced Tuesday that he will name a community in the contested Golan Heights region after President Trump.

TRUMP RECOGNITION THAT GOLAN HEIGHTS BELON TO ISRAEL SHOW HIS STRONG SUPPORT OF JEWISH STATE. In an official statement, Trump made the decision to recognize the land after “aggressive acts by Iran and terrorist groups, including Hezbollah, in southern Syria continue to make the Golan Heights a potential launching ground for attacks on Isreal.” Syrian forces condemned the decision by Trump saying: “The decision…makes the United States the main enemy of the Arabs.”

1 Article
Source: Global News

U.S. making a ‘bad mistake’ by politicizing oil, Iranian minister warns

Today 06:04 GMT

The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.

Oil prices on Tuesday hit their highest level since November after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

2 Articles
Source: The Guradian

Saudi Arabia executes 37 citizens over alleged terrorism offences

Today 08:05 GMT

Saudi Arabia has executed 37 citizens across the country for alleged terrorism-related crimes, publicly pinning one of their headless bodies to a pole as a warning.

The mass execution on Tuesday was the biggest in a single day in Saudi Arabia since January 2016, when 47 people were killed, including a prominent Shia cleric whose death prompted protests in Iran and the ransacking of the Saudi embassy in Tehran.

1 Article
Source: Common Domain

FTSE 100 trades at more than 6-month high as major oil companies rally

Today 06:04 GMT

The commodity-heavy FTSE 100 got a lift after the U.S. on Monday said it would cease to allow countries from importing Iranian oil, deciding not to renew waivers, set to terminate May 2, which were granted to countries including China, India and Turkey.

As oil prices climbed, shares of Royal Dutch Shell RDSA, +1.84% were up 1.7%, and BP PLC’s stock BP., +2.17% gained 2.2%, with shares of Tullow Oil PLC TLW, +3.26% climbing 4.2%.

2 Articles
Source: Common Domain

Asian markets slip as oil prices surge

Today 03:19 GMT

Asian markets were largely down in early trading Tuesday as oil prices surged to nearly six-month highs after the U.S. said it would soon impose sanctions on all buyers of Iranian oil.

Industry experts said the sanctions could potentially remove up to 1.2 million barrels of oil per day from international markets. But that number will likely be lower, depending on how countries respond and just how much oil Iran continues to export.

1 Article
Source: DW

US offers $10 million for information on Hezbollah financing

Tuesday 20:55 GMT

The State Department said it would give money to anyone who could provide intelligence that allows the United States to disrupt Hezbollah in key ways, including information on Hezbollah's donors, on financial institutions that assist its transactions and on businesses controlled by the movement.

The United States on Monday offered a reward of up to $10 million (€8.9 million) for information that would allow the US to disrupt the finances of Lebanon's Shiite militant movement Hezbollah.

1 Article
Source: Common Domain

Treasury yields rise as oil prices surge to nearly 6-month high

Tuesday 19:05 GMT

Treasury prices fell Monday, lifting yields, as the Trump administration said it would end waivers for countries importing Iranian oil, reports of which had helped to driven crude prices higher.

Treasurys are coming under pressure as oil prices surge, which could give rise to inflation, a bugaboo of bond investors wary of its corrosive influence on the value of fixed-interest payments. West Texas Intermediate crude CLK9, +2.59%  settled up by more than 2% on Monday, resulting in its highest finish in nearly six months.

2 Articles
Source: Common Domain

Oil prices jump over 2% as U.S. says waivers on Iran oil imports ending

Tuesday 09:54 GMT

Oil prices surged on Monday, on track to mark their highest finish since late October, as the U.S. declared the end of waivers for countries to import Iranian oil, as part of a bid by the Trump administration to push Iran’s exports to zero.

The gains for oil came despite a tweet Monday morning from U.S. President Donald Trump that looked to reassure the markets that Saudi Arabia and other OPEC members will “more than make up the Oil Flow difference in our Full Sanctions on Iranian Oil.”. West Texas Intermediate crude for May delivery CLK9, +2.80% surged $1.91, or 3%, to $65.91 a barrel on the New York Mercantile Exchange, ahead of the contract’s expiration at the end of the session.

1 Article
Source: DW

Iran, Pakistan agree to joint border 'reaction force'

Tuesday 13:35 GMT

On the second day of his first visit to neighboring Iran, Pakistan's Prime Minister Imran Khan agreed to the force following a series of attacks on the frontier.

After talks with the Pakistani leader on Monday, Iranian President Hasan Rouhani announced the formation of the joint border force. "We agreed to increase the security cooperation of the two countries, our border forces, our intelligence forces," Rouhani said during the conference, which was broadcast live on state TV.

1 Article
Source: Global News

U.S. ending sanction waivers for countries importing Iran oil

Tuesday 13:35 GMT

The Trump administration on Monday told five nations — Japan, South Korea, Turkey, China and India — that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran.

Trump should stop meddling in Middle East if he wants cheap oil, Iran says. U.S. President Donald Trump has decided not to reissue the waivers when they expire on May 2, Secretary of State Mike Pompeo said.

1 Article
Source: Fox News

Trump administration announces new Iran crackdown targeting oil revenue

Tuesday 12:41 GMT

The Trump administration on Monday targeted Iran’s energy sector by announcing the U.S. would no longer exempt any countries from sanctions for importing Iranian oil.

The White House said: “The Trump Administration and our allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime’s destabilizing activity threatening the United States, our partners and allies, and security in the Middle East.”


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte