China rejects United States demand to reduce Iran oil imports

05 August, 2018, 22:16 | Author: Natasha Holloway
  • Iran-Bound Missile Parts Seized at London’s Heathrow Airport			The Associated Press		3 Aug 2018

Iran's oil exports could fall by as much as two-thirds by the end of the year because of the U.S. sanctions, putting oil markets under strain amid supply outages elsewhere in the world.

They said they remained committed to the 2015 accord and to building up economic relations with Iran, including "the continuation of Iran's export of oil and gas" and other energy products.

The three European signatories to the nuclear deal, the United Kingdom, France and Germany agreed with China and Russian Federation last month to continue to support Iran through the reimposition of U.S. sanctions.

On the back of renewed tensions between Iran and the U.S., the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the Gulf.

It also said the U.S. military was concerned about Iran's ability to disrupt shipping lanes and cut off the Strait of Hormuz, a critical waterway through which millions of barrels of oil pass on day-to-day basis.

More than half-a-dozen current and former officials told the Reuters news agency that the campaign is meant to work in concert with US President Donald Trump's push to economically throttle Iran by re-imposing tough sanctions.

Fars reported authorities arrested 20 protesters and numerous protest leaders were women. They're the world's largest state sponsor of terror. The Iranian rial has fallen to 99,000 to the USA dollar despite a government-imposed rate of 44,000.

Screenshots: Did Urban lie about knowledge of coach's abuse?
Separately, a court hearing for Zach Smith was postponed Thursday on a domestic protection order sought by his ex-wife. Ryan Day, who has been the team's offensive coordinator, will be acting head football coach while Meyer is on leave.

The US administration has vowed to impose sanctions on any company continuing to buy oil from Iran after the November 4 deadline.

Hardship is coming to Iran.

India, the second purchaser of Iranian crude, also increased its imports from Iran last month.

But as Ritterbusch indicated, jittery traders could send prices in one direction or another based on whatever analytical theory makes headlines, and on Friday Helima Croft, global head of commodity strategy for RBC Capital Markets declared that the oil market will tighten shortly.

On Sunday, the semi-official Tasnim news agency quoted Guard spokesman Gen. Ramezan Sharif confirming that its forces held a military drill in the Persian Gulf and the strait.

US officials, speaking to Reuters on condition of anonymity, said the drills appeared created to send a message to Washington, which is intensifying its economic and diplomatic pressure on Tehran but so far stopping short of using the USA military to more aggressively counter Iran and its proxies.

Recommended:



Popular

Swiss police confirm 20 dead in WWII vintage plane crash
The plane was operated by Ju-Air, a Swiss company that offers tours with vintage former Swiss military aircraft. The mountainous area in south-eastern Switzerland is popular with hikers and skiers and includes a glacier.

Concerns Of Dam Failure Prompt Evacuations In Lynchburg, Va.
Rain has saturated parts of the East for days, with flash-flood watches in effect for millions from Georgia to Vermont. If you are in low lying areas below the College Lake Dam, you should move to higher ground immediately .

Chelsea’s Courtois wants Madrid move for family reasons, says agent
The Belgian, who had a strong World Cup in Russian Federation , has been strongly linked with a move to the Bernabeu. It depends especially on him, I think.

Liverpool confirm Alisson’s provisional squad number after Karius gesture
It's clear that both players are waiting for other numbers to be made available before they have their official numbers confirmed. Likewise, Trent Alexander-Arnold, who Klopp has allowed to return to training a week earlier than expected.

Galaxy Note 9's redesigned rear officially confirmed by Samsung
The bottom edge of the Galaxy Note 9 features a compartment for S Pen , an external speaker, USB-C port and a 3.5mm audio jack. The one design change is a reworked fingerprint reader placement, which was panned a year ago for being too hard to reach.

Guardiola: I'm going to learn a lot from Maurizio Sarri
Can Sarri get Chelsea off to a winning start, and can Jorginho shine on his Chelsea debut? "Then it depends on the club". City is a huge Club and it is getting bigger and bigger so I just want to say thanks for everything.

Trump administration to freeze fuel efficiency requirements
The EPA and NHTSA are giving the public 60 days to provide feedback to the new proposal . Proposed fuel economy rules won't be as strict as those set out in 2012 .

Boeing, SpaceX human spaceflight postponed to 2019
NASA-released renderings of SpaceX's Crew Dragon and Boeing's CST-100 Starliner spacecraft. The last scheduled flight for a US astronaut on the Russian Soyuz craft is November 2019.

Local dog goes viral after doing ‘In My Feelings’ challenge
Even celebrities like Will Smith have uploaded the video of Kiki Challenge on top of a bridge in Budapest. Bengalureans have also been cautioned against taking part in the challenge.

Manchester United Want Zinedine Zidane To Follow Jose Mourinho
He has been linked with a move away from Old Trafford and it is understood manager Jose Mourinho is willing to sell the France forward.