Home » Money

India could breathe a bit easy with waiver

05 November, 2018, 23:32 | Author: Sara Gill
  • Goldman Sachs Brent to hit $80 before year-end

Washington has indicated that it will increase its pressure on Iran gradually rather than forcing an immediate crisis as President Trump's renewed oil and financial sanctions take effect tomorrow.

The move puts back in place US sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Obama.

"America wanted to cut to zero Iran's oil sales. but we will continue to sell our oil.to break sanctions", Rouhani said.

"There are a lot of experts ... that said President Trump's policy wouldn't have any impact because it was just the United States and other countries weren't participating", Pompeo said. He described the sanctions as the "strongest tool" the United States holds, before resorting to military means, to pressure the Iranian regime to adhere to its demands.

Other countries were given partial waivers after they demonstrated that they were making serious efforts to reduce their Iranian oil imports. "We will ultimately move Iran to zero crude oil". Washington says it wants a new deal with Iran, curtailing its regional interventions and missile programme - demands which have been flatly rejected by Tehran.

A first set of sanctions announced August 7 prompted European automakers Daimler and PSA to quit Iran.

Iran's supreme leader Ayatollah Ali Khamenei denounced the measures on Saturday, saying Trump had "disgraced" U.S. prestige and would be the ultimate loser in the long-running quarrel between the countries.

Reuters in June reported that SBI would stop handling payments from Iran oil purchases from November, when stringent usa sanctions against Tehran will kick in.

"Iranian exports and production had been declining steadily in advance".

"We are in the war situation", Rouhani said. In fact, the United States has indicated intent of supplying $2.5-3 billion oil and gas at short notice if India needed it to meet the shortfall arising out of cut in Iranian oil imports.

'Our position remains that as long as Iran continues to meet the deal that exists, we will be committed to it too'.

"We'll see what happens with Iran".

He said he could not rule out that the USA administration would extend the waivers beyond six months. Similarly, Secretary Mnuchin said a list of banks subject to the new sanctions would also be provided on Monday.

The U.S. president took to his unhinged Twitter account to post an image (which you can go find for yourself) warning people that "sanctions are coming", and the image made use of Game of Thrones-esque imagery and fonts.

Iranian students stormed the embassy shortly after the 1979 Islamic Revolution, taking 52 Americans hostage for 444 days.

Saudi Arabia is the only country with the capacity to make up for lost Iranian oil production.

The State Department said on Friday it has closed the "Obama-era condensate loophole", which allowed countries to continue importing the byproducts of oil and natural gas from Iran even while sanctions were in place.


  • Victoria Beckham breaks silence as Spice Girls announce reunion tour without her

    Victoria Beckham breaks silence as Spice Girls announce reunion tour without her

    Beckham, now a respected fashion designer, then also took to social media, posting a photo of the foursome alongside a statement. So I'll tell you what you want, what you really, really want - you want tickets, and here is exactly how you can get them.

    One month on, where is Jamal Khashoggi's body?

    The U.S.is urging Saudi Arabia to locate Khashoggi's body and return it to his family as soon as possible. The phone call is reported to have taken place on 9 October, a week after Khashoggi disappeared.
    Cesc Fàbregas victor  lifts Chelsea to deny Frank Lampard’s Derby

    Cesc Fàbregas victor lifts Chelsea to deny Frank Lampard’s Derby

    It was a big night for Chelsea's two on-loan players Tomori and Mount, who were given permission to face their parent club. I'm not sure today, maybe tomorrow he is going to join us in training.' The Chelsea official website quotes us as saying.
  • India`s 12-member team for the 1st T20I against Windies

    India`s 12-member team for the 1st T20I against Windies

    Hotstar will avail the online streaming option for the subscribers in India , the United States and the United Kingdom. Introduced in the fifth over, Bumrah picked up another in-form batsman, Shimron Hetmyer (10), in his fourth over.
    Alec Baldwin arrested in alleged parking dispute punch

    Alec Baldwin arrested in alleged parking dispute punch

    Sophia Mason said of the encounter, "It looks like it was a dispute over the parking spot, and the person in custody punched him". In case you've forgotten, Baldwin's anger has always been a source of news regarding the mediocre Trump impressionist.
    Watch the Final Super Smash Bros

    Watch the Final Super Smash Bros

    The presentation stated that the character is still in development and will be available several months after the game launches. The Nintendo Direct is still live, so we will update this post with more news as it comes.
  • United Nations  chief appeals for end to Yemen war, outlines next steps

    United Nations chief appeals for end to Yemen war, outlines next steps

    Yemen has been at war since March 2015 when Houthi rebels occupied northern regions and forced the government into exile.
    Trump, Oprah go head to head on US campaign trail

    Trump, Oprah go head to head on US campaign trail

    Shortly after her speech, Winfrey posted videos on Instagram of herself going door to door canvassing for Abrams. Abrams is running on a campaign that includes Medicaid expansion, and "common-sense gun control", Winfrey noted.
    Dow Jones falls 245 due to new China tariff fears

    Dow Jones falls 245 due to new China tariff fears

    The Shanghai Composite index rebounded 1.2 percent to 2,573.33 and South Korea's Kospi picked up 1.3 percent to 2,021.82. The euro fell to $1.1390 from $1.1412.Tokyo's Nikkei 225 sank 0.2 percent and Seoul's Kospi lost 1.5 percent.
  • Brazil's Bolsonaro says country will again lead ethanol production

    Brazil's Bolsonaro says country will again lead ethanol production

    Lula himself was barred from running because he is serving a 12-year prison sentence for corruption . Brazil's Industrial National Confederation already released a statement criticizing the decision.

    Watch Pete Davidson Propose To SNL Musical Guest Maggie Rogers

    In response, Grande subtweeted Davidson, writing, "For somebody who claims to hate relevancy u sure love clinging to it huh". Davidson performed at a benefit show in Los Angeles last month and joked to the crowd, "Anybody looking for a roommate?"
    Palestinian killed in clashes with Israeli soldiers in northern Gaza: medics

    Palestinian killed in clashes with Israeli soldiers in northern Gaza: medics

    Aisha Abu Daher said her 14-year-old son Abdel-Hamid had "nothing to do with resistance", referring to the militant factions. A preliminary probe by the Israeli army concluded that Israeli soldiers did not fire directly at the Palestinian medic.


Kemp, Abrams Near Even in Race For Georgia Governor
The Georgia gubernatorial race had already been fraught with a race-laden debate over ballot access and voter suppression . Abrams and Kemp are both condemning an automated telephone call filled with racist and anti-Semitic statements.

Oil Prices Leap After 3 Days Of Sliding
Despite surging output, concerns lingered ahead of the start of U.S. sanctions against Iran's petroleum exports from next week. One is high oil prices, and in many countries they're directly related to consumer prices.

Goldman Sachs former investment bankers charged in $4B Malaysian funding scheme
The authorities contend that the bribes and kickbacks were paid to secure 1MDB's bond underwriting business for the bank. Low, the alleged mastermind of a scheme to siphon billions of dollars from the fund, was charged in absentia .

Possible Endings to the SmackDown Tag Team Championship Match at Crown Jewel
That 10-year deal, which is part of the Saudis' "Vision 2030" project, reportedly will net the WWE more than $400 million. There was plenty of backlash to his appearance in the replies to WWE's tweet of his entrance at Crown Jewel .

Oil prices dip on rising supply and ongoing trade tensions
West Texas Intermediate (WTI) crude futures fell 86 cents to settle at $66.18 a barrel, a 1.28 percent drop . President Donald Trump thinks "a great deal" with China is possible on trade.

China bus plunged off bridge after woman attacked driver
Rescue teams, including more than 70 salvage vessels, underwater drones and floating cranes, were sent to the site. In response, the driver takes a hand off the steering wheel and grapples with the woman for a couple of seconds.

Nigeria Drops On Ease Of Doing Business Ranking
But the report advised Rwanda to improve its process of dealing with construction permits, an area where it ranked 106 globally. Jaitley also said the impact of GST has not been entirely accounted for in the ranking due to an early cut off date.

Watch How Indian Cricket Team Celebrated Series Win Over Windies
It was his second four-wicket haul in eight matches since his comeback to the ODI team during the Asia Cup in September. The two sides now head to Kolkata on Sunday for the first of three T20 internationals.

Trump Tweets Controversial Video of Immigrant Cop Killer
The video shows a Latino man in court, smiling menacingly. "This is a sickening ad. CBS News is not posting the video here because of the language used.

John Cena won’t wrestle in WWE event in Saudi Arabia
WWE has operated in the Middle East for almost 20 years and has developed a sizeable and dedicated fan base. The last time that Hogan was on WWE programming was at WrestleMania 31 in 2015.