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Turkey after a currency swap from US

Turkey has held talks with the United States about possibly securing a swap line from the U.S. Federal Reserve and has discussed other funding options to mitigate fallout from the coronavirus outbreak, Turkish officials said on Friday. While Ankara is keen to secure funding from the U.S. central bank if …

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Trump denies OPEC wants US production cut

President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout of the coronavirus pandemic. Trump said U.S. oil production had already fallen, anyway. “I think it’s happening …

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US oil sector preparing for battle

The world is about to run out of oil storage and U.S. shale producers are selling crude for almost nothing but they are still refusing to shut production, hoping to survive the storm, one of the world’s biggest oil traders said. The continuing production shows the challenges that Russia and …

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The U.S. needs to know what went wrong

When America has recovered from the coronavirus crisis and people are back to work, Rep. Adam B. Schiff thinks Congress should consider a 9/11-style independent commission to examine why the nation was so unprepared for the pandemic. By David Ignatius Schiff, a California Democrat, told me in an interview Monday that his …

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Oil prices on the up thanks to Trump, Putin

Oil prices firmed on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilising energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude LCOc1 was up by 61 cents, or 2.7%, at $23.37 …

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Rouhani wants sanctions lifted for coronavirus

The United States should lift sanctions if it wants to help Iran to contain the coronavirus outbreak, Iranian President Hassan Rouhani said on Monday, adding that Iran had no intention of accepting Washington’s offer of humanitarian assistance. Iran is the Middle Eastern nation worst hit by coronavirus, with over 1,800 …

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Texas wants OPEC to combat coroanvirus fallout

Texas oil regulator Ryan Sitton said in a tweet on Friday that he spoke with OPEC Secretary General Mohammed Barkindo about an international deal “to ensure economic stability as we recover from COVID-19.” Sitton is a commissioner at the Texas Railroad Commission, the agency that regulates that state’s oil and …

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US angry at Iraq for not protecting coalition forces

The United States has been ‘enormously disappointed’ with the Iraqi government’s performance in fulfilling its obligation to protect U.S.-led coalition forces inside the country, a senior State Department official said on Friday. The Iraqi government has told the United States that Baghdad will investigate thoroughly and bring to justice those …

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US launches new anti-Iran sanctions

The United States imposed fresh Iran-related sanctions on Thursday, targeting five firms, the Treasury Department said on its website. The firms include Petro Grand FZE, Alphabet International DMCC, Swissol Trade DMCC, Alam Althrwa General Trading LLC, and Alwaneo LLC Co., according to the website. Source: Reuters

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More rockets targetting Green Zone

Two rockets fell outside Baghdad’s Green Zone on Tuesday without causing any reported casualties, Iraq’s military said in a statement. The U.S.-led coalition’s spokesman, Colonel Myles B. Caggins III, said in a tweet that “Iraqis are investigating the explosions in Baghdad,” with more details coming from the Iraqi military later. …

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Pompeo warns Iraq about further retaliation

U.S. Secretary of State Mike Pompeo warned Iraq’s prime minister that the United States would take measures in self-defense if attacked, according to a statement on Monday after a rocket attack on an Iraqi base that houses U.S. troops helping fight Islamic State. Pompeo spoke to Prime Minister Adel Abdul …

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Coronavirus Plagues America

For the first time in living history, the headlines after a major presidential primary night weren’t focused on the election.  Instead, they were focused on the coronavirus and its spread across the nation. Even the election news focused on the fact that both Biden and Sanders were cancelling their post-primary …

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New Iraqi missile strikes against Americans

Multiple rockets fell on Saturday morning inside Iraq’s Taji military base that houses U.S.-led coalition troops, for the second time in a week, security sources told Reuters. An Iraqi colonel inside the base told Reuters he heard at least 10 rockets hit the base and said he could now hear …

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Coronavirus emergency to be declared in US

U.S. President Donald Trump will declare a national emergency over the fast-spreading coronavirus on Friday, opening the door to more federal aid to combat a disease that has infected 138,000 people worldwide and left more than 5,000 dead. Trump, who some experts criticized for being slow to respond to the …

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UK praises US Iraq retliation

Britain’s foreign minister Dominic Raab said the U.S.-led response to the attack on coalition forces in Iraq was “swift, decisive and proportionate” and warned that anyone seeking to harm those forces could expect a strong response. The United States on Thursday waged a series of precision air strikes against an …

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Iran and the US: A path back from the brink

By Seyed Hossein Mousavian   Once the situation is de-escalated, there could be a chance for a breakthrough in relations, especially after upcoming presidential elections Since the 1979 Islamic Revolution, containment has been the default Iran policy of every US administration. Presidents, both Democrat and Republican, have pursued an ill-advised …

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