American charged by Russian Federation with espionage was handed classified material, lawyer says
Germany, France renew friendship treaty, warn of nationalism
Police in Melbourne charge man with Israeli student murder
Ivanka Trump thanks Martin Luther King Jr. for 'continuing to inspire us'
Extreme Cold Warning still in effect for the Stratford area
Softening of American sanctions on Iran bodes well for India
09 November 2018, 02:20 | Devin Moran
US will regret sanctions: Iranian Foreign Minister
Japan's trade minister, Hiroshige Seko, said on Tuesday that Japanese buyers of Iranianoil were expected to resume imports from the Islamic Republic after the country received a waiver from USA sanctions.
Brent crude had dropped from a four-year high in October above $86 a barrel to $71 on Tuesday.
The United States has been building closer relations with New Delhi since the late 1990s and also temporarily exempted India from sanctions on Iran's oil sector which took effect on November 5.
Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and deepening divisions between the United States and other major powers, officials and analysts say.
Turkey has said it is also evaluating possible imports after receiving a waiver, but President Tayyip Erdogan said on Tuesday the country would not abide by the sanctions as they were aimed at "unbalancing the world".
But that will probably depend on what happens to the volume of Iranian imports.
Asserting that the US' "desperation" was highlighted in their move to include closed companies in the sanctions, Zarif said that the anti-Iran move was mostly criticised and opposed by the worldwide community and that only a handful of nations like Israel and others supported the move.
"Trump thought he could shrink our country's oil revenues by imposing sanctions on Iran's oil and cutting its exports, but the rise in oil prices did not let that happen", Mohammad Baqer Nobakht, the head of Iran's Planning and Budget Organization, said last month.
India has poured $2 billion into Afghanistan since the 2001 US-led overthrow of the Taliban regime, which was also opposed by Iran.
Portfolio managers have been net sellers of 371 million barrels since the end of September, taking their net long position to the lowest level for 15 months, according to records published by regulators and exchanges. Iran is not a member of this committee, which it wants scrapped.
According to the data released by the EIA this morning, crude inventories in the US increased by 5.8 million barrels in the week ended October 2, rising much more than forecasts. That revived concerns of a supply glut, in contrast to earlier fears over a crude crunch due to shrinking exports from the Persian Gulf state. EIA now sees the nation's output averaging 12.1 million barrels per day (Mmbpd) next year, up from last month's forecast of 11.5 Mmbpd.
Speaking in Madrid after a meeting with his Spanish counterpart Josep Borrell, the Russian foreign minister said Washington had used "unacceptable methods" to exert pressure on operators of the Belgian-based SWIFT global payment network to cut off Iranian banks.
For the Iranians, the 180-day waivers provides them with a financial lifeline and time to try and lobby support from other countries against Washington's sanctions.
India is, thus, being given time to phase out its oil imports from Iran in a calibrated fashion.
With Sessions Out, Dems Fear for Future of Mueller Probe
He recused himself the next day, saying it would be inappropriate to oversee an investigation into a campaign he was part of. The president also warned the Democrats against investigating him, after taking over the House in the midterm elections .
Dead brothel owner wins Nevada Assembly seat
The Love Ranch brothel that Hof owned became notorious as the place where former Laker Lamar Odom was found unconscious in 2015. He said Mr Hof " died quietly in his sleep " at Love Ranch - one of the brothels he operated in Crystal, Nevada.
Mystery deepens on Lion Air crash after Boeing bulletin
Lion Air is one of Indonesia's youngest airlines but has grown rapidly, flying to dozens of domestic and worldwide destinations. An Indonesian official said both the plane and the two pilots aboard have been grounded while an investigation is underway.
Virat Kohli lashes out at fan
He had gone on to clarify his stance: "I spoke about how "these Indians" was mentioned in the comment and that's all. Noted commentator and cricket expert Harsha Bhogle also feels Kohli is living in a comfortable bubble.