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US puts the squeeze on Iranian oil buyers

The world’s top oil buyers are discovering that US sanctions on Iran will squeeze their trade flows whether they agree with America or not. It was only about three months ago that India’s foreign minister said that the country won’t adhere to unilateral restrictions and will continue buying Iranian crude. …

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France’s Total officially leaves Iran

Iran’s oil minister said on Monday that France’s Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported. “The process to replace [Total] with another company is underway,” Bijan Zanganeh was quoted as saying, adding …

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Oil up on Iran sanctions

Crude oil prices rose more than 1.0 per cent on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline as investors worried that global trade disputes could slow economic growth and hurt demand for energy. Benchmark Brent crude oil settled 74 …

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Russia slams “unacceptable” new U.S. sanctions

Russia’s government slammed as “unacceptable” on Thursday new U.S. sanctions against Moscow. The U.S. State Department announced the new punitive measures on Wednesday for the Kremlin’s alleged involvement in a nerve agent attack in Britain, saying the U.S. had made the determination this week that Russia used the Novichok nerve agent to …

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Europe: World must hold end of bargain with Iran

The European Union says the international community has an obligation to maintain economic relations with Iran, despite the United States’ unilateral withdrawal from a multilateral deal with the Islamic Republic that could hamper such relations. Referring to a 2015 deal between Iran and originally six world powers, EU foreign policy …

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Rusal profits surge despite US sanctions

Russian aluminium giant Rusal’s quarterly profit surged thanks to higher market prices for the metal, despite sanctions imposed by Washington. Recurring net profit of Hong Kong-listed Rusal, the world’s largest aluminium producer outside China, was up 75 per cent from a year ago in the second quarter, but 17 per …

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Swiss rail company Matisa defies US with Iran deal

Iran’s state rail company has signed a memorandum of understanding with Switzerland’s rail tracks maintenance machines manufacturer Matisa for obsolescence management, Tasnim news agency reported on Wednesday. Under the MoU, Matisa will cooperate on overhaul and retrofitting of ballast cleaners, tampers and regulators as well as sourcing of 21 track machines …

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UAE rules out dialogue with Iran

The UAE on Friday ruled out dialogue with Iran, saying interference by Tehran and Turkey is destablising the region. “It is unlikely we will have a dialogue with Iran in light of them supplying missiles to Al Houthis (in Yemen) to launch attacks on Saudi Arabia,” Dr Anwar Gargash, Minister …

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UAE imposes economic sanctions on senior leadership of Hezbollah

UAE has imposed economic sanctions against 10 leaders of Lebanon’s Hezbollah which are on its terrorism list including Hassan Nasrallah and his deputy Naim Qassem. The move comes in line with significant actions taken by the seven members of the Terrorist Financing and Targeting Center (TFTC) to disrupt Iran’s destabilising influence in the …

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Maduro: America’s Hostile Decisions Want to Rob Jerusalem of Its History

Venezuelan President Nicolás Maduro reaffirmed his country’s pro-Palestine stance and rejected the controversial US embassy’s move from Tel Aviv to Occupied Jerusalem. In a press conference held following a meeting with Palestinian President Mahmoud Abbas, Maduro said “Sovereign and free Venezuela resolutely, firmly, and efficiently supports a free and independent …

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