France and Germany urge European nations to push back against US sanctions targeting their companies doing business with Iran after President Donald Trump's withdrawal from a 2015 nuclear agreement.
Sometimes the decisions made by players in the oil sector are easy to anticipate using a good-old-boy approach.
Supporters of the Obama-era accord argue it provided "the world's most robust" monitoring regime, allowing access to the Islamic republic's most sensitive nuclear sites.
Noisy demonstrations have become tired old routine by now - designed by a regime that wants to deflect the people's anger toward America and not on the very serious problems brewing at home. From there we go to shortage.
The 2015 agreement between major powers and Iran set limits on its nuclear activities in exchange for the lifting of sanctions. While actively supporting terrorist groups like Hezbollah and Hamas, the nation has been part of horrific terrorism in Yemen, Syria, and Lebanon.
He wanted the nuclear deal to be amended to include more robust inspections of Iran's nuclear sites, more restrictions on Iran's development of ballistic missiles, and the removal of so-called sunset clauses that would have allowed current restrictions to expire, possibly resulting in Iran having a nuclear bomb by 2024.
Divisions in Iran over how it should respond to the U.S. pullout were illustrated as senior cleric Ayatollah Ahmad Khatami told worshippers at Tehran University on Friday that European nations could not be trusted.
What is the political 'uncertainty' Mr Le Drian talks of?
"That means, it is concretely about damage limitation" and included offering legal advice, he said.
"We expect that around October Iranian exports will be down by 500,000 barrels per day (bpd) and eventually fall by 1 million bpd", the bank said. The higher the production on Viper's land, the more money Viper gets paid from the drillers operating on that land.
Airbus, which won a bumper order with IranAir along with Boeing, said it needs time to study the Trump decision.
India is a founder member of the 18-year-old International North South Transport Corridor (INSTC) that starts from Iran and aims to cut right across Central Asia to Russia over a 7,200-km multi-mode network. Prices gained 3 per cent this week. To the chagrin of Saudi Arabia, this might also dent their plans to issue their IPO when oil was at its highest relative price.
The Trump government previously announced that the United States would withdraw from the Trans-Pacific Partnership free trade agreement and the Paris Agreement on countermeasures against climate change.
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