Trump administration set to end sanction exemptions for nations importing Iranian oil
22 Avril, 2019, 16:10 | Auteur: Auguste Feret
The United States wants all importers to eventually cut their oil sales from Iran to zero, which is likely to have a significant impact on the Middle Eastern country, where oil exports serve as one of main sources of budget revenues. It is meant to further ramp up pressure on Tehran by restraining the revenue it gets from oil exports.
The United States is expected to announce on Monday that all importers of Iranian oil will have to end their imports shortly or be subject to USA sanctions, a source familiar with the situation told Reuters.
Under the 2015 accord with six world powers, Iran agreed to limit its sensitive nuclear activities and allow in worldwide inspectors in return for sanctions relief.
China, which relies on imports for about half of its oil, could present the toughest diplomatic challenge in trying to enforce the Trump administration's ambition of driving down Iran's oil exports.
Brent crude futures, the worldwide oil benchmark, were up almost 2 percent at 73.25 us dollars a barrel, on the report that the waivers were to end. In early November, Washington, however, granted six-month waivers from oil sanctions against Iran to Greece, Italy, Taiwan, China, India, Turkey, Japan and South Korea.
It was not immediately clear if any of the five would be given additional time to wind down their purchases or if they would be subject to USA sanctions on May 3 if they do not immediately halt imports of Iranian oil.
Analysts said the end to the exemptions would hit Asian buyers hardest.
Oil markets have tightened this year because of supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). Iran's biggest oil customers are China and India, both of which have been lobbying for an extension to the sanction waivers.
South Korea, a close USA ally, is a major buyer of Iranian condensate, an ultra-light form of crude oil that its refining industry relies on to produce petrochemicals.
As a result, Brent prices have risen by more than a third since January, and WTI by more than 40 per cent.
JOGMEC's Nogami said OPEC's leading producers "Saudi (Arabia), the United Arab Emirates and Kuwait need to boost output to cover the shortfall" from Iran, warning Brent prices could rise to the mid-$80 per barrel if no alternative supply was found.
"Under SREs we hope they will give us relaxation and allow us to buy some Iranian oil", the source added.
Geng Shuang, a Chinese foreign ministry spokesman, said at a daily news briefing in Beijing on Monday that it opposed unilateral US sanctions against Iran and that China's bilateral cooperation with Iran was in accordance with the law.
So far in April, Iranian exports were averaging below 1 million barrels per day (bpd), according to Refinitiv Eikon data and two other companies that track exports and declined to be identified.
Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip which it launched in January. Another Chinese technology company, ZTE Corp, has also been at the centre of similar controversies in the United States.
Replacements: James Tracy, Ed Byrne, Michael Bent, Caelan Doris, Max Deegan, Hugh O'Sullivan, Ross Byrne , Rory O'Loughlin. That is last year's champions, Leinster , against the 2016 and 2017 champions, Saracens .
Following the indictment, the fourth for Ghosn, his lawyers requested that the Tokyo District Court grant his release on bail. Nissan says an internal investigation uncovered "substantial evidence of blatantly unethical conduct" by the former chairman.
Since then, several cricketers including Sunrisers Hyderabad's David Warner has remained extra cautious against the bowler. Fans in the stadium and the commentators on-air at the time were left in splits by Dhawan's antics.
La CIMAF compte répondre efficacement à la forte demande exprimée ces dernières années en matière de ciment. En plus d'augmenter la production de ciment, il permettra de créer plus de 500 emplois directs au Gabon.
Dans le cadre de la 33e journée de Ligue 1, l'ASSE (5e) sera ce dimanche après-midi sur la pelouse du Stade de Reims (7e). Tout le monde pensait voir un grand match entre deux équipes de haut de tableau.
Raptors hang on for Game 4 win, push Magic closer to extinction
The Toronto Raptors rolled to a 107-85 win over the Orlando Magic in Game 4 of their first-round playoff series Sunday in Orlando. The possessions where we move the ball freely, which is not easy to do against them, we have a chance to get good shots".
Watch the trailer of Salman Khan and Katrina Kaif’s Bharat
Bharat is co-produced by Atul Agnihotri, Alvira Khan Agnihotri, Bhushan Kumar, Salman Khan Films and Reel Life Production Pvt. The trailer reveals a mine explosion separates Bharat from Madam Sir and the trauma makes him relive the time of Partition.
Accouchement imminent pour Meghan Markle ?
Selon le Sunday Times , Meghan et Harry auraient l'intention d'aller vivre en Afrique, après l'arrivée de leur premier enfant. Parmi les associations proposées par le duc et la duchesse de Sussex, on trouve notamment le Lunchox Fund.
Baby dies on AirAsia flight to Perth on Easter Monday
Parenzee said in the post that an air hostess had asked her to hold the baby, who was restless and crying from take off. She noticed the pair became distressed after not being able to settle down their baby girl, named Farah.