Published: Sun, November 04, 2018
Global Media | By Jackie Banks

Turkey to be exempted from U.S. sanctions on Iran: minister

Turkey to be exempted from U.S. sanctions on Iran: minister

However, eight countries will not be penalised by the USA for continuing to import Iranian oil.

Trump was, of course, referring to reimposing sanctions against Iran that had been lifted as part of an Obama-era nuclear agreement.

US President Donald Trump withdrew from its 2015 nuclear deal with Iran in May, describing it as "defective at its core".

Midnight on Sunday will mark a dividing line in the world of oil.

"The US has had some success in terms of frightening away major corporations".

The waivers will be valid for six months, during which time the importing country can buy Iranian oil but must deposit Iran's revenue in an escrow account.

Senate Republicans including Ted Cruz (R-Texas), Tom Cotton (R-Ark.) and Marco Rubio (R-Fla.) want the administration to cut off Iranian banks from conducting global transactions using the Society for Worldwide Interbank Financial Telecommunication, and are expected to introduced legislation to force President Trump's hand after the election.

Harrell said the administration was concerned not to drive up the oil price with its sanctions against Iran.

US Secretary of State Mike Pompeo, said the sanctions were "aimed at fundamentally altering the behaviour of the Islamic Republic of Iran". The book, which the Post reported on in July, was released in time for the August 6 less-damaging U.S. sanctions. South Korea, Japan and India are expected to get a reprieve, however, and possibly China. Production hasn't fallen as much as some output is going into storage. "Things are tightening up".

India vs West Indies, 5th ODI
Thomas also should have had India captain Virat Kohli on 4 but West Indies captain Jason Holder dropped the catch at first slip. Spinner Ravindra Jadeja scalped four wickets while Jasprit Bumrah and Khaleel Ahmed chipped in with two wickets each.

Paul Ryan Slams the Brakes: Trump Can't Change Birthright Citizenship Without Congress
Changing it would nearly certainly require a constitutional amendment, not an executive order or legislation, experts said. Several other countries, including Canada, have a policy of birthright citizenship .

9th death reported at pediatric center amid viral outbreak
The individuals associated with the outbreak became ill between September 26 and October 22, the Health Department said. All nine were in the pediatric unit of the Wanaque Center for Nursing & Rehabilitation in Haskell, Passaic County.

After Trump withdrew from the nuclear deal with Iran and reimposed sanctions, European governments vowed to try and preserve the agreement and find ways to continue trading. "There will be a black market for Iranian crude", Hajji told AFP.

In order to allow companies to trade with Iran and not face stiff USA penalties, the European Union plans to implement a payment mechanism - a Special Purpose Vehicle (SPV) - that will enable these companies to avoid the U.S. financial system. The waivers are only temporary, and the USA will expect countries to keep cutting Iranian imports in the months ahead, it added.

The seizure of the USA embassy by radical students was a key stage in the Islamic revolution of 1979, leading to a 444-day hostage crisis that permanently damaged relations between Washington and Tehran.

While the USA had previously wanted countries including India to completely halt oil purchases from Iran by November 4 when its full sanctions against Tehran come into force, it seems to have relented considering the havoc the move to completely take out Iranian supplies from the market would have had on prices.

"America's goal with sanctions is to cripple and hold back Iran's economy, but the outcome is that the push toward self-sufficiency has expanded in the country", Ayatollah Khamenei said. Others such as Russian Federation, the United Arab Emirates and Iraq could potentially squeeze out a little more as well.

With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.

"If there's nearly no cushion left and something happens in Libya or Nigeria, then you're stuck", said Societe Generale's Wittner.

"The big increase right now is Iraq at 4.2 million, which I´ve never seen before", he added.

Like this: