China frustrates USA efforts to end Iran's oil exports
China frustrates USA efforts to end Iran's oil exports
The U.S. has been unable to persuade China to cut Iranian oil imports according to 2 officials familiar with the negotiations
05 August, 2018, 16:38
But as the new Indian fiscal year began in April, refiners have been taking more Iranian oil imports compared to the previous fiscal year, as Iran offered incentives such as extended credit periods and nearly free shipping to keep its market share in India-Tehran's second-largest oil customer after China.
Oil traders had anticipated that sanctions would take Iranian barrels off the market, said Rob Haworth, who helps oversee US$151 billion at US Bank Wealth Management in Seattle.
She told CNBC with regards to the USA sanctions against Iran kicking in next week, "we're looking at tougher rhetoric and potentially tougher actions over August and September".
Since President Donald Trump announced in May that the USA would be withdrawing from the Iran nuclear deal and restoring sanctions on the country, Washington officials have attempted to convince foreign governments to stop importing Iranian oil.
In recent days, protests have broken out in several cities, with at least one person shot and killed.
On Friday, China said it will not cut Iranian oil imports despite President Trump threatening to sanction any countries that fail to stop importing Iranian oil by November 4, a symbolic date coinciding with the start of what became known as the Iranian hostage crisis.
Last month, state-run Hindustan Petroleum had to cancel an Iranian oil shipment as insurers were not willing to provide cover for its two refineries for processing Iranian oil, sources with knowledge of the matter said.
Last month, USA officials familiar with the matter said the Trump administration had launched a communications campaign to foment unrest and put pressure on Iran to end its nuclear programme and its support of armed groups.
New censored google search engine for China
Any search terms or site that goes against the views of Chinese officials is subject to being removed from search results. Beijing denied that it had been involved in the attacks, but the incident sparked a political fight with Washington.
In a statement, Captain Bill Urban, the military's Central Command spokesman, said the United States was "aware of an increase" in Iranian naval operations in the Gulf, the Strait of Hormuz and the Gulf of Oman.
"Based on existing agreements, five new ATR aircraft will land at Mehrabad Airport at 9am (04:30 GMT) tomorrow [Sunday]", the national carrier said on its Telegram channel.
Their arrival means Iran Air has received 13 of the 20 passenger planes it ordered from the French-Italian manufacturer in April 2017.
The move was condemned by United States allies including the UK, Germany and France.
People are growing increasingly angry over rising inflation and a dramatic plunge in the currency - the rial - which has lost almost two-thirds of its value in the past six months.
It is not yet clear how all this will affect ordinary Iranians, but a European diplomat in Tehran who monitors the economy said prices of basic foods were already creeping up.
"We are already seeing vehicle prices going through the roof over fears about raw material imports", she told AFP.
"There is a massive loss of confidence in the financial system and the government's ability to control things and withstand sanctions", she said.
Their relationship, frosty in their primes, has thawed in recent years as age and life experiences have brought them closer . While Mickelson now sits at 10th in the team standings, according to ESPN .
Heat warnings have also been put in force for most of Spain - as a band of hot air drifts across the country from Africa. Two men died of heat-stroke in the southeastern region of Murcia, Cadena Ser radio station reported on Wednesday.
However, novice users are typically discouraged from doing so, because apps from unknown sources could pose a security risk. For instance, instead of distributing Fortnite through Steam, the firm has its own launcher on Windows.
An all-out trade war could overshadow Trump's otherwise solid economic record of low unemployment and stimulus-fuelled growth. A container ship was docked at a port in Qingdao, in eastern China's Shandong Province, on July 6.
The $5 billion is well above the $1.6 billion in the Senate version of a bill funding the Department of Homeland Security. The Senate bill in contrast, allots $1.6 billion for fencing in the Rio Grande Valley and border security technology.
A $1 trillion market cap may be a staggering achievement, but there are lots of things that make Apple a wonderful company. Apple hit the $1tn (£767bn) mark after publishing shares which brought the value of the company up from $935bn.
Turkey's foreign ministry previously said it would retaliate against Washington's decision, calling it a "hostile stance". Brunson had denied all charges and his case has become a cause celebre for US evangelicals and the Trump administration.
Moss Moments from No. 84's Hall of Fame Speech
Lewis is an original Raven, picked second in the team's first draft in 1996 - along with Hall of Famer Jon Ogden. Owens became emotional when talking about his mother, Marilyn Owens Heard, and late grandmother, Alice Black.
Weather to bring renewed fire danger to Northern California
The fire burned slowly for days before winds suddenly whipped it up last week and drove it furiously through brush and timber. But two years ago, only 13,000 acres were burned while the previous three years each saw only around 3,000 acres burned.
Buy Prince Harry’s Audi on Auto Trader
Well, you can get a small (very small) taste of the lifestyle by buying Prince Harry's Audi RS6 on Auto Trader . Prince Harry was pictured driving it to Pippa Middleton's evening wedding reception with now wife Meghan.
Courtois' agent advises Chelsea to accept Real Madrid offer
Los Blancos only value Courtois at £35million, in line with their wider stance on goalkeepers. "We are talking about top players". Another Madrid-linked player is Willian and the Italian coach is confident that his winger is happy to remain in West London.
Google Clock now supports Spotify for alarms
After switching off your alarm, you'll have the option to switch the music off for good, or keep listening throughout your day. We are also expecting similar integration with YouTube music that will be rolled out soon for the users.
Drake Drops Star-Studded "In My Feelings" Music Video
Drake has dropped the video for his viral track In My Feelings - and BTS fans should probably watch it all the way to the end. Shiggy then pops up again, playing a studio assistant doing his best to get Drake to the set.