"No Waivers For India": US On Reducing Oil Imports From Iran

Iran had been pushing hard for oil producers to hold output steady as USA sanctions are expected to hit its exports. Maintaining, or even increasing, purchases of Iranian oil would be a way to push back against Washington. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal).

Rouhani's comments came after the Trump administration vowed Monday to stick with its pressure campaign against Iran, affirming its strategy to change Tehran's behavior by gutting its oil revenue and isolating the country globally.

Iran's foreign minister is set to hold meetings with top officials from the five other countries that remain in the nuclear deal - the United Kingdom, France, Germany, Russia and China - later this week.

"China is always opposed to unilateral sanctions and long-arm jurisdiction", Foreign Ministry spokesman Lu Kang told reporters when asked about cooperating with Washington, adding that "China and Iran are friendly countries".

The bigger problem is that, the more successful the United States is at cutting off Iran's oil exports, the harder it will be to ensure plentiful supplies of cheap and affordable oil right when global demand is at its strongest level of the year.

Elsewhere, Rouhani called on Iranians everywhere to unite against the enemies' plots and help the development of the country, saying "if we are, the enemy will hatch more plots and it is our duty to work more for our people's welfare and development". And pricey oil could be a political liability ahead of the USA midterm elections this fall.

Facebook shuts down three mobile apps, including fitness tracker Moves
All three apps will have their user data erased from existence within 90 days, according to Facebook . It's only by trial and error, Facebook says, that they'll create great social experiences for people.

Amazon eyeing small businesses to deliver packages
Amazon is also offering qualifying military veterans $10,000 in reimbursements to get their own delivery business started. Clark said he expects the companies to join the program with 20 to 40 trucks will employ about 100 drivers.

ANT-MAN AND THE WASP, Fun With Sizes in a Superhero Sequel
"You don't really know who he is, so I really had a real freedom to take him off the page and give her life", John-Kamen said . It was the path that we were heading in any way because they're great stories from the comics.

"The Americans claim that they want to break off the bridges connecting Iran with the world, but they will never reach that goal", Rouhani said at a Tuesday meeting with Iranian expatriates in Vienna, Austria. "They are not the world's absolute power".

Last week (June 22), OPEC and Russian Federation cobbled together an agreement that would see additional oil output in the coming months, designed as a way to push down prices, which have reached a three-and-a-half-hear high.

The Organization of the Petroleum Exporting Countries agreed with Russian Federation and other oil-producing allies on June 23 to raise output from July, with Saudi Arabia pledging a "measurable" supply boost, but giving no specific numbers.

The administration's tough new stance on Iranian exports, which goes far beyond what the Obama administration demanded and what most market experts were expecting, suggests that Russian Federation and Saudi Arabia have agreed to make up whatever Iranian production is taken out of the market, Vakhshouri said.

"It is incorrect and unwise to imagine that some day all producer countries will be able to export their surplus oil and Iran will not be able to export its oil", he said. On Saturday, Trump wrote on Twitter that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, "maybe up to 2,000,000 barrels" in response to turmoil in Iran and Venezuela.

The oil company previously announced in November it had plans to expand its capacity to 3.5 million barrels of oil per day. That's led to higher prices at gasoline pumps in the United States as it heads toward midterm elections for Congress. "So, frankly, I expect the administration will be explaining how they didn't get to zero come November".

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Verstappen wins Austrian GP; Mercedes fails to finish
We were comfortably ahead but we will work on it and will try to re-evaluate to come back stronger for the next race. A real shame because we had a great auto and were looking very strong, but we will live to fight another day.

Why Trump Will Appoint a Woman to the Supreme Court
Casey's own stand on the abortion issue has become a hot topic in his reelection campaign, with Republican challenger Rep. Lou Barletta accusing him of being a starkly different lawmaker than his notably pro-life Democrat father, Gov.

Current Laker, Former LeBron Teammate On Instagram: ‘He’s Def Coming To LA’
James, 33 will enter free agency on July 1, and negotiate deals with National Basketball Association teams. James also said he always felt like he would come back to Cleveland to finish his career where it began.

Trump’s Judicial Adviser Names Four Potential Supreme Court Nominees
Trump said Friday he had narrowed his search to about five finalists, including two women, and will announce his pick on July 9. The four that have been one a smaller shortlist than the one Trump used to select Neil Gorsuch to the apex court earlier.

Croatia Through to the Quarterfinal
Modric owns four Champions League titles from his six years at Real Madrid, and has also won a La Liga and the Copa del Rey. Denmark come into the match undefeated in 18 games and could spring a surprise. 31 minute: Corner for Denmark .

Musa scores twice to give Nigeria 2-0 win over Iceland
The Super Eagles started the game in shy form, putting together a first half performance that was at times cold and even dicey. They faced off with the South American giants and group favourites Argentina in a David vs Goliath clash.

Lionel Messi Stuns Reporter With Incredible Heartwarming 'Good Luck Charm' Gesture
Indeed, Argentinian journalist Fernando Niembro has even accused the captain of taking over squad selection duties from Sampaoli.

Harley-Davidson Responds To EU Tariffs
Harley-Davidson say the tariffs will result in approximately $2200 (£1650) being added to the export cost of each motorcycle. The EU tariffs on exported Harley-Davidson bikes will increase to 31% from 6%, the OEM wrote in a SEC filing on Monday.

Kirsten Gillibrand Becomes FIRST SENATOR to Call for Abolishment of ICE
The president has twice visited that region to discuss the dangers of criminal immigrants, whom he has called "animals". Trump signed an executive order to end those separations, but many children still remain apart from their parents.

It begins: Free agency in National Basketball Association starts with a flourish
Durant had stressed repeatedly throughout the 2017-18 season he planned to re-sign with the Warriors for fairly obvious reasons. Since joining Golden State, Kevin Durant's free agency has been as anticlimactic as the Warriors' title pursuits.

South Korea v Germany preview: Joachim Low's men target last 16
For South Korea , they will be without captain Sung-yueng Ki for the game at the Kazan Arena after he picked up a calf injury. We addressed this many times . - greatest number of goals scored in all group matches.

Watch LeBron James' iconic 10-story banner in Cleveland get torn down
Curry's improved playmaking and shooting make him a solid fit for a Lakers team that is in dire need of more shooters and spacing. LeBron James was also the sixth highest-earning athlete in the Forbes' highest paid athletes list of 2018.

2nd T20 IRE vs IND Live Streaming
Virat Kohli believes a flexible batting order will help keep India's opponents guessing while the team is in Ireland and England . In the 2nd T20I, the team is expected to change their sequences and will bring in some new changes in the middle-order.

Africa's 'step Back' In Worst World Cup Since 1982
Senegal became the first team in World Cup history to be eliminated due to their disciplinary record in Russian Federation . The fair play tiebreaker is based on the number of yellow and red cards a team has been given throughout the tournament.

Croatia Beat Iceland To Secure First Place In Group D
Iceland have been eliminated from the World Cup after a 2-1 defeat against Croatia in their final Group D game. Milan Badelj, moments after hitting the bar, scored the opening goal in the 53rd minute.


More News

News
More News