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2017-09-18 12:20:00

U.S. - IRAN SANCTIONS

U.S. - IRAN SANCTIONS

PLATTS - President Donald Trump on Thursday said that Iran is not keeping with the "spirit" of the 2015 nuclear deal as his administration extended existing waivers on sanctions on Iran's oil sector made under the deal.

Calling the Iran deal "one of the worst deals I've ever seen," Trump told reporters Thursday that "at a minimum the spirit of the deal is atrociously kept."

"We are not going to stand what they are doing with our country," Trump said. "They've violated so many different elements and they've also violated the spirit of that deal."

The International Atomic Energy Agency has said repeatedly that Iran is complying with the agreement, as has the United Nations.

Trump has twice certified Iranian compliance with the Iran nuclear deal, in May and in July, but it remains unclear if he will certify compliance when required to do so on October 15.

"You'll see what I'm going to be doing very shortly in October," Trump said.

On Thursday, the administration extended certain sanctions on Iran's oil and banking sectors that have been suspended since the nuclear deal took place in January 2016.

During a briefing, Heather Nauert, a State Department spokeswoman, said the sanctions were being suspended in order to "maintain some flexibility" as the administration continues to review its Iran policy.

"We continue to look at some of the reckless, malign behavior of the Iranian regime," Nauert said.

Secretary of State Rex Tillerson said Thursday that the administration was still reviewing and developing its policy on Iran, but said Iran is "in default of these expectations" of the nuclear deal.

Iran's oil production, which fell to 2.8 million b/d in 2015, has increased by over 1 million b/d since the nuclear deal went into effect. Iranian crude oil output averaged 3.83 million b/d in August, according to the US Energy Information Administration.

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Earlier:

 U.S.:

       

 IRAN:

 

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IRAN, RUSSIA,TURKEY COOPERATION

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2017-03-31

 

 

 

Tags: USA, IRAN, SANCTIONS

Chronicle:

U.S. - IRAN SANCTIONS
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

U.S. - IRAN SANCTIONS
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

U.S. - IRAN SANCTIONS
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

U.S. - IRAN SANCTIONS
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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