Tuesday, 25 September, 2018

Oil Prices Surge after Trump Pulls Out of Iran Nuclear Deal

From across the pond Michael Graham on Trump and the Iran deal Letters: Breaking Iran deal bad for country
Orlando Vargas | 15 May, 2018, 02:12

The International Atomic Energy Agency (IAEA) has constantly maintained that Iran is sticking to the terms of the agreement and is not cheating, a fact independently verified by the US military as well.

German Chancellor Angela Merkel said possibilities to save the deal without Washington needed to be discussed with Tehran, while France's Finance Minister Bruno Le Maire said EU states would propose sanctions-blocking measures to the European Commission. On the contrary, the United States may have lost North Korea's trust by going back on the Iran deal just as it lost Palestinian support after Trump announced the shifting of the United States embassy to East Jerusalem.

Outside OPEC, soaring U.S. crude oil production C-OUT-T-EIA ould help to fill Iran's supply gap.

Arguing the nuclear deal wasn't tough enough on Iran, Trump's government is now re-imposing sanctions, and any companies or governments with links to the US face sanctions if they do not comply.

Despite all this, Trump's decision to pull out of the deal would send wrong signals to rest of the world, and especially to North Korea, who could now be expected not to trust the United States when it comes to signing a nuclear deal.

Having returned from North Korea on Thursday, Secretary of State Mike Pompeo will begin talks in coming days to persuade allies in Europe, the Middle East and Asia to press Iran to return to negotiations over its nuclear and missile programs, US officials said. German Foreign Minister Heiko Maas acknowledged, however, that protecting European companies from potential United States penalties could be hard.

Deadline to register to vote in Virginia primaries is May 21
Tom Wolf rejected a proposal drawn by Republican legislative leaders as unfairly skewed in their party's favor. Goforth is new to the legislature, having won a special election in February to replace former Republican Rep.


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Midfielders: Mikel John Obi, Ogenyi Onazi, John Ogu, Wilfred Ndidi, Uche Agbo , Oghenekaro Etebo, Joel Obi and Mikel Agu. Regulars such as John Obi Mikel, Victor Moses, William Troost-Ekong and defensive partner Leon Balogun made the cut.


Kylie Jenner's bodygaurd Tim Chung denies being Stormi's father
There's a rumor on the Internet about the paternity of Stormi , Kylie Jenner and Travis Scott's three-month-old daughter. It seems that the two are still not on good terms after Caitlyn left Khloe out of her Mother's Day tribute.


In 2015, the U.S. and a group of European countries reached an agreement with Iran to stop the country's nuclear proliferation efforts in return for a lifting of trade and economic sanctions by both the USA and Europe.

While Israel, Saudi Arabia and the UAE are likely to pursue good relations with Russian Federation despite its support for the JCPOA, none of them is likely to reduce their dependence on the United States. "The Europeans are in the weaker position because they are not united", said Peter Beyer, Germany's commissioner for transatlantic relations.

"We will respect the capacity of individual countries to make their decisions about foreign policy", Trudeau said Wednesday.

"We hope that with this visit to China and other countries we will be able to construct a clear future design for the comprehensive agreement", Mohammad Javad Zarif told reporters after talks in Beijing with his Chinese counterpart Wang Yi. "We expect that around October Iranian exports will be down by 500,000 barrels per day and eventually fall by 1 million bpd in 1H19", said USA investment bank Jefferies in a note on Friday.

"We are ready to talk to all the companies concerned about what we can do to minimize the negative consequences", Altmaier told Deutschlandfunk radio.

"That means, it is concretely about damage limitation" and included offering legal advice, he said. "Do they want to do business with a threat?" "We must avoid entering into a spiral of escalation".

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