Wednesday, 18 July, 2018

Trump seen facing rebellion from biggest Iran oil customers

| 10 May, 2018, 14:26

The kingdom is customarily coy about how it might respond but the prospective removal of Iranian crude from the market will send oil prices sharply higher unless other producers step up to fill the gap.

The existence of an understanding was confirmed by the U.S. Treasury Secretary who told reporters on Tuesday that "we have had conversations with various parties. that would be willing to increase oil supply".

The world's top oil exporter has previously said it wants nuclear technology only for peaceful uses, but has left unclear whether it also wants to enrich uranium to produce nuclear fuel, a process which can also be used in the production of atomic weapons. MORE's decision to withdraw from the Iran nuclear deal. "Saudi Arabia will not in any way act independently of its partners", the sources added.

In a press statement, Saudi Arabia said that it welcomed the decision, claiming that Iran had "exploited" economic gains from the deal in order to "destabilize" the region.

Indian refiners said on Wednesday they were in no hurry to replace Iranian oil with alternatives, counting on the fact that many Western countries have so far declined to join the United States in pulling out of a nuclear deal with Tehran.

While Gulf petro-states stand to benefit from a rise in prices, the U.S. move could mean new fissures in the region.


In remarks an hour before Trump's declaration, senior Kuwaiti diplomat Khaled al-Jarallah said his country stood by the JCPOA as the best option for "stability" in the region. Preventing the two countries from having a nuclear-weapon capability and competing in a nuclear arms race is the goal.

Trump said his decision to leave the JCPOA was created to counter that possibility.

The Bahrain News Agency, BNA, quoted a statement of the Ministry of Foreign Affairs as saying, "This decision reflects the commitment of the United States to confront Iranian policies and Iran's continuous attempts to spread terrorism in the region in full violation of worldwide norms and laws".

But Saudi Arabia has enough oil production capacity - now at 12 million barrels per day (bpd) - to maintain oil market stability, the source added. In March, Saudi Arabia's Crown Prince Mohammed bin Salman branded Iran's Supreme Leader Ayatollah Ali Khamenei as the "new Hitler".

Saudi Arabia has expressed support for the USA pulling out of the nuclear deal, saying it did not adequately address Iran's behavior in the region.

Trump said Tuesday said he was ready to work on a new nuclear accord, one that would also curb Iran's missile programme.

Recommended

  • Revolution sweeps Armenia opposition leader into power

    Revolution sweeps Armenia opposition leader into power

    He later called off the demonstrations after the ruling party assured him of its support in his bid for prime minister. Armenia is a country of about three million people nestled in mountains between Iran, Turkey, Georgia and Azerbaijan.
    Cavs G Hood apologizes for refusing to enter Game 4

    Cavs G Hood apologizes for refusing to enter Game 4

    The Cavs swept the Raptors and await either the Boston Celtics or Philadelphia 76ers in the Eastern Conference finals. He's yet to connect from deep since Game 2 against the Indiana Pacers , missing his last 10 long-distance attempts.
    Comcast Plans to Oubid Disney for Fox

    Comcast Plans to Oubid Disney for Fox

    In addition, Comcast is racing to get speedy regulatory approval in the United Kingdom for their bid for Sky . Disney shares fell 1 percent in morning trade in NY , while Comcast's dipped 3.5 percent to $31.25.
  • One of California's top high schools is in Fresno, latest ranking shows

    One of California's top high schools is in Fresno, latest ranking shows

    Carmel High and Rancho Bernardo High. "The data shows that when high schools utilize these courses student achievement follows. The annual rankings, released Wednesday, are primarily based on test scores, graduation rates and student demographics.
    China's trade gap with the USA  widens despite tariffs threat

    China's trade gap with the USA widens despite tariffs threat

    The visit by the Chinese delegation comes soon after a USA presidential delegation led by Mnuchin went to Beijing for trade talks. Economists at ANZ said some Chinese exporters might be accelerating electronics shipments amid the tariff threats.
    Hello, Childish Gambino Just Dropped The Music Video Of The Year

    Hello, Childish Gambino Just Dropped The Music Video Of The Year

    Needless to say, things did not go well for Glover. "No! Kanye, leave Chrissy Teigen out of this", Cecily said during the sketch. Hiro Murai , who has frequently worked with Glover on Atlanta , is at the helm of this political and violent visual showcase.
  • North Korea criticize USA  for misleading and provocative move

    North Korea criticize USA for misleading and provocative move

    The comments mark the first criticism from North Korea since Trump announced plans to meet with Kim later this year. The summit will be the first time a sitting USA president will meet with a leader of the North Korean regime.
    US to open embassy in Jerusalem

    US to open embassy in Jerusalem

    The move prompted global condemnation and triggered a wave of protests in the occupied Palestinian territories. A new road sign indicating the way to the new United States embassy in Jerusalem is set up on May 7, 2018 .
    Italy's Elia Viviani wins the second stage after a thrilling final sprint

    Italy's Elia Viviani wins the second stage after a thrilling final sprint

    Yesterday was a bit disappointing but the team backed me today and the team did everything possible to put me into pink. The leading trio extended their lead as numerous splits in the pack occurred.
  • Google Maps Get Explore Tab To Act As Guide To Users

    Google Maps Get Explore Tab To Act As Guide To Users

    To help provide for these changing needs, the Google Maps team have worked to integrate Google Maps with the smartphone camera. The feature was ultimately made so that users can make "better decision on the go and experience the world in new ways".
    Mark Williams becomes oldest World Snooker Championship victor  since 1978

    Mark Williams becomes oldest World Snooker Championship victor since 1978

    Higgins was beaten, but he had played his part in one of the greatest Crucible finals. "12 months ago I wasn't even here. Williams is the oldest world champion since his fellow countryman Reardon won in 1978 at the age of 45.
    Taylor Swift pays surprise visit to young burn victim

    Taylor Swift pays surprise visit to young burn victim

    Last month, Isabella's story made local news , as she shared that she was walking again and added how much it would mean if Swift visited her.

California will require solar power on nearly all new homes California will require solar power on nearly  all new homes The minimum amount of solar power required by the new standards wouldn't be enough to meet all the needs of most homes. About 117,000 new single-family homes and 48,000 multi-family units will be built in 2020, the commission estimates .

We've been waiting for Warriors-Rockets for what feels like forever We've been waiting for Warriors-Rockets for what feels like forever Mitchell also developed an ability to take over games offensively late in the season, giving the Jazz a boost at critical times. The buildup for this series truly began in February, with some pointed comments from Golden State's Draymond Green .

ESPN agrees to streaming deal with UFC, will carry events on ESPN+ ESPN agrees to streaming deal with UFC, will carry events on ESPN+ The deal gives Disney's new Direct-to-Consumer and global segment mixed martial arts inventory popular with young audiences. ESPN+ costs $5 per month and features MLB, NHL and a variety of other sports league content-with the UFC soon to join.

Takeda, a Japanese drug maker company to buy Shire at $62 billion Takeda, a Japanese drug maker company to buy Shire at $62 billion The boards of both firms have finally agreed on the terms of the deal, settling on an offer of £49.01 per Shire share. It represents a 60 per cent premium to Shire's closing price on March 27, before Takeda disclosed its interest .

Gmail on iOS update brings snooze features Gmail on iOS update brings snooze features Users must then access the General tab in the settings menu, and scroll down and enable " experimental access ". From there, you should see Smart Compose auto-populate your messages in the not-too-distant future.

Trump says will discuss trade, North Korea with China's Xi Trump says will discuss trade, North Korea with China's Xi Though rumors are likely widespread, North Korea's media still have not explicitly confirmed the expected summit with Trump . Chinese internet users posting on social media described heavy security in the city and extensive flight delays on Monday.

Markets trade higher in morning session Markets trade higher in morning session ICICI Bank was the star performer in today's session, topping the gainers' list by surging almost over 8 per cent. The Sensex touched a high of 35,388.87 points and a low of 35,136.01 during the intra-day trade.

Dodgers throw team no-hitter; Pujols joins 3000-hit club Dodgers throw team no-hitter; Pujols joins 3000-hit club In fact, the 2018 Padres, who struck out 13 times Friday night, are historically bad at merely making contact with the baseball. Bryan Mitchell allowed four runs on five hits over 4 2/3 innings in a loss to the Mets on Sunday .

Etheridge emotional after Cardiff promoted to Premier League Etheridge emotional after Cardiff promoted to Premier League When Warnock was appointed in October 2016, Cardiff were second from bottom of the Championship . Drama was set to unfold as the two clubs entered the final day of the season neck-and-neck.

Cardinal Dolan Is Going To Tonight's Met Gala Cardinal Dolan Is Going To Tonight's Met Gala Donning a black, beaded lace gown by Stella McCartney, Rihanna shimmered on the carpet and proved her sexy style was here to stay. She strutted the red carpet this time wearing a trouser suit and entirely ditching the traditional long dress.

Oil surges to fresh highs on growing supply worries But many ministers are still debating that $70 oil isn't enough for investments so seeing oil at $80 maybe plausible to them. If we can clear the $60 level, then the market should continue to go much higher, and I do expect that to happen.

Hezbollah, allies in Lebanon poll victory Hezbollah, allies in Lebanon poll victory The drop came despite a reformulated electoral law created to encourage voting through proportional representation. The AP report also added that the new government would likely include Hariri's opponents from the Hezbollah group.

Fitbit Adds Female Health Tracking And Quick Replies Fitbit Adds Female Health Tracking And Quick Replies The list of partners includes excom, Diplomat Pharmacy Inc., Fitabase , Go365, Limeade , One Drop , Sickweather and Walgreens . As for the end user, Fitbit also notes that "having this knowledge helps women have better conversations with their doctor".

At Least 23 Killed In Mine Disasters In Pakistan At Least 23 Killed In Mine Disasters In Pakistan However, they faced difficulties as the mouth of the mine had been blocked by a boulder after the blast. Emergency services were able to rescue nine others, who were brought to nearby hospitals.

ESPN projects Baker Mayfield to have first National Football League start in Week 12 ESPN projects Baker Mayfield to have first National Football League  start in Week 12 Mayfield said. "They brought both him and me in because we're both team-oriented guys". "I'm very excited about him". In recent years, it's becoming the norm for highly drafted quarterbacks to start their careers on the bench.