Tokyo: Repercussions of the saboteur attacks on the Saudi tankers have been felt in the international crude oil market as well. On Monday, the oil market opened with a rise of 2% in the crude oil rates. The US media stated that the spike was attributed to the uncertainty created over future oil exports owing […]
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London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]
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Tehran: The Iranian Defence Minister Brigadier General, Amir Hatami threatened, ‘If Israel takes action on the Iranian oil movement, it will be termed as theft of oil and this theft will be dealt by Iran with very harsh retaliation.’ Last week, Israeli Prime Minister Benjamin Netanyahu had announced that Iran is involved in oil smuggling […]
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Berlin/Washington: German Foreign Minister Heiko Maas reprimanded the United States in clear words saying, ‘The European countries will decide the policy to address Europe’s oil needs and the United States need not interfere in that.’ A few days ago, the US Ambassador to Germany had threatened to impose sanctions against the companies participating in the […]
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Vienna: A decisionfor major reduction in the oil production was taken during a meeting held between OPEC, the association of the oil Producing and exporting countries, along with Russia and the other countries. In spite of the appeal made by US President Donald Trump on Wednesday, the decision was taken by OPEC and Russia in […]
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Singapore/Washington: The US National Security Advisor John Bolton issued a stern warning saying that The United States will be increasing the intensity of sanctions against Iran. The main objective of the US sanctions is to bring the Iranian oil exports to nought. The United States intends to exert immense pressure on Iran. The pressure exerted […]
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Washington: The western countries are continuing cooperation over crude oil with Iran despite the US-imposed sanctions, have been issued a stern warning by the United States saying, ‘No country should let the Iranian oil tankers dock in their ports or even enter their country waters. If any state allows an Iranian oil tanker to enter […]
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New Delhi: The countries buying oil from Iran will be facing strict US sanctions from Sunday. However, the United States has granted waivers to India while making this announcement. US Secretary of State Mike Pompeo announced that eight countries including India had been allowed to purchase oil from Iran. Indian Minister for Petroleum Dharmendra Pradhan […]
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New York: ‘If the United States imposes fresh sanctions against Iran, it will have a severe effect on the crude oil prices in the international markets. This will also add to the woes of the United States’ allies in the Gulf,’ sternly warned e Iranian Deputy Foreign Minister, Abbas Araghchi. International analysts had already warned […]
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Riyadh/Moscow: Saudi Arabia and Russia have rejected the demand by US President Donald Trump to increase the oil production. There are indications of tension rising between the United States and Russia-Saudi over the oil issue. Trump had demanded that the OPEC countries should increase the oil production in view of the increasing fuel prices. But […]
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