Monday, 19 November, 2018

U.S. permits activity at 3 Iran nuclear sites, even as sanctions renewed

A gas flare on an oil production platform in Iran's Soroush oil fields A gas flare on an oil production platform in Iran's Soroush oil fields
Andy Castillo | 07 November, 2018, 06:33

"It can either do a 180 degree turn from its outlaw course of action and act like a normal country, or it can see its economy crumble", Pompeo said.

Rouhani added, "We are in the economic war situation".

The president added, "Some think that we negotiated and came to conclusion in nuclear talks which was as a great success, but the USA ruined this success". The Obama administration had lifted sanctions on entities dealing with those sectors as part of the 2015 nuclear deal, which exchanged sanctions relief for a rollback in Iran's nuclear program.

Denouncing Iran as a destabilising force, Mnuchin added, "this is part of a maximum unprecedented economic pressure campaign that the U.S. is waging against the world's largest state sponsor of terror".

A source at a Japanese refiner said the firm had begun considering resuming Iran oil purchases, though details have not been set yet. With Japan winning the temporary waivers, the distributors will consider resuming purchases, but the Japanese government and businesses remain concerned about possible oil price increases following the reimposition of the US sanctions on Iran.

In response, Iranian President Hassan Rohani said in speech broadcast on state TV on November 5 that Iran will break USA sanctions and continue to sell oil.

India, the world's third-biggest oil consumer, meets more than 80 per cent of its oil needs through imports.

The second wave of renewed USA sanctions on OPEC's third largest exporter officially started on Monday targeting Iran's energy, shipbuilding, shipping, and financial sectors.

South Korean Trade Minister Kim Hyun-chong says the waiver "opens breathing room" for South Korea's oil refining industry and companies that export to Iran.

Late last week, US government officials signaled that the United States would be granting waivers to eight countries to continue temporarily buying Iranian oil, on the condition that they had significantly reduced purchases from Iran. More than 20 nations had already cut their oil imports from Iran, reducing purchases by more than 1 million barrels per day, he said.

Shares soar as Trump hints at possible US-China trade deal
Xi was quoted by CCTV as saying after the call with Trump that the two leaders had hoped to expand trade cooperation. He said China wanted to make a deal, adding, "They are not doing well".

"The enemy is targeting our economy ... the main target of sanctions is our people", he said.

Besides, the Iranian top diplomat touched on the possibility of negotiations between the United States and the Islamic republic under certain conditions.

The U.S. withdrawal from the multilateral JCPOA in May was a "scandal" for Washington, he said.

Seoul was also granted an exemption to continue financial transactions with Iran's central bank, allowing South Korea to continue trading oil as well as nonsanctioned items with Iran, Seoul's Foreign Ministry said.

European powers that continue to back the nuclear deal said they opposed the reapplication of sanctions and major oil buyer China said it regretted the move. "The countries will proactively push their imports down, and they will not be paying for what they are getting in cash, preventing the flow of funds to Iranian proxies in the Middle East, including Hezbollah".

"Eight countries will receive sanctions waivers, however, including four of Iran's top oil consumers: India, China, South Korea and Japan", the Jerusalem Post acknowledges, referring to the new US restrictions.

The United States will not be able to stop Iran's oil exports, Iranian President Hassan Rouhani said on Monday.

Mr. Trump called the Obama-era nuclear deal with Iran the "worst ever" agreement stuck by the U.S. But the other parties to the deal - Britain, France, Germany, China and Russian Federation - stuck with it.

Japan had sought a waiver during negotiations with the U.S., saying that its imports of Iranian oil had been falling recently.

Recommended

Liverpool fans toast yet another fine performance from Gomez in Arsenal draw Liverpool fans toast yet another fine performance from Gomez in Arsenal draw Now let's carry on. "I didn't know that was my 50th Premier League goal, which is nice, but it would have been nicer to get three points".

Mac Miller Cause Of Death, Accidental OD of Fentanyl & Cocaine Mac Miller Cause Of Death, Accidental OD of Fentanyl & Cocaine Prince died at 57 in April 2016, and a medical examiner ruled it an accidental overdose, finding fentanyl in his system. Miller's death came just months after he split from Ariana Grande and weeks after he was charged with a DUI.

Iranians rally to mark anniversary of U.S. Embassy takeover Iranians rally to mark anniversary of U.S. Embassy takeover Trump! Never threaten Iran because moans of the frightened USA forces in Tabas can still be heard", Gen. US Secretary of State Mike Pompeo called this "the toughest sanctions ever placed" against Iran.

Mooted Brexit deal is an 'absolute stinker', warns Boris Johnson Mooted Brexit deal is an 'absolute stinker', warns Boris Johnson The close alignment envisaged under the deal would remove the need for a "backstop" for the Northern Ireland border. More than 70 business leaders, including lastminute.com founder Martha Lane Fox and former J.

Amazon is changing its free shipping option for the holiday season Amazon is changing its free shipping option for the holiday season The credit ratings agency noted that in the fourth quarter of 2017 alone Amazon's shipping costs amounted to $7.4 billion. Amazon is joining its rival retailers in beefing up its free shipping program just ahead of the holiday shopping blitz.

Drunk Japanese pilot arrested at Heathrow Airport Drunk Japanese pilot arrested at Heathrow Airport JAL's company rules prohibit its pilots from drinking alcohol less than 12 hours before flying any planes. As a result of the incident, the flight departed an hour late and flew with two pilots rather than three.

Chinese firms hit with trade secret theft charges Chinese firms hit with trade secret theft charges Pompeo set the tone in a June speech where he accused China of an "unprecedented level of larceny" of intellectual property. A Justice Department spokesman said the defendants were served summonses in Taiwan and that none is in custody.

UFC 230: Daniel Cormier stands firm on retirement plan UFC 230: Daniel Cormier stands firm on retirement plan Then on October 9, the UFC announced that Daniel Cormier would defend the heavyweight title against No. 2-ranked Derrick Lewis . Daniel Cormier insists he's going to end his career as an active MMA fighter when he turns 40 in five months.

Mumbai Police stops Shah Rukh's late night birthday party Mumbai Police stops Shah Rukh's late night birthday party While the restaurant shut for the general public at 1 am, it remained open for Shah Rukh Khan's private party. He also greeted thousands of fans outside his home at midnight and thanked them for their love and wishes.

Trump Pledges Asylum Crackdown and Tent Cities. Is It Legal? Trump Pledges Asylum Crackdown and Tent Cities. Is It Legal? While it's true that asylum seekers often miss their court dates, the president seems to have overstated this issue. According to the Homeland Security Department, about 20 percent of claimants are granted asylum.

United States judge orders Georgia to allow voting for some blocked residents United States  judge orders Georgia to allow voting for some blocked residents If elected, Abrams would become the first black woman governor in USA history. Kemp hails from Republicans' conservative wing and embraces President Trump.

Frank Lampard left frustrated on Stamford Bridge return Frank Lampard left frustrated on Stamford Bridge return The lead was short lived as Mount laid on Martyn Waghorn's leveller after 27 minutes before Fabregas' victor . The Nigerian born player put through his own net yet still impressed in the five-goal thriller.

Israel launches airstrikes on military targets in Gaza, no injuries reported Israel launches airstrikes on military targets in Gaza, no injuries reported Some 80 Palestinian protesters were injured, on Monday, during the 14th naval march at the northern borders of the besieged Gaza Strip.

United States justice department charges former Goldman bankers in 1MDB scandal United States  justice department charges former Goldman bankers in 1MDB scandal Prosecutors say Low, Ng, and Leissner conspired to launder the proceeds of fraud involving 1MDB through the USA financial system. The fund, 1Malaysia Development Berhad, was set up in 2009 by then-Prime Minister Najib Razak to promote economic development.

India Thrash Windies by Nine Wickets, Clinch Series 3-1 India Thrash Windies by Nine Wickets, Clinch Series 3-1 Rohit, who scored an unbeaten 63 to guide his team to victory, is now on 1030 runs with Bairstow in the third position with 1025. India's chase didn't begin well as Shikhar Dhawan chopped one on to the stumps against Oshane Thomas on 6 in the second over.