May 13 2018
"If they do there will be very severe outcome".
Saudi Arabia is ready to work with other producers to mitigate any impact of a shortage after U.S. President Donald Trump chose to exit a 2015 nuclear accord and hit OPEC's third-largest producer with sanctions meant to curb its exports.
U.S. West Texas Intermediate (WTI) crude futures were at $71.42 a barrel, also not far off Thursday's November 2014 high of $71.89 per barrel.
For U.S. oil producers, capitalizing and making up for the shortfall may not be possible.
Trump's adviser John Bolton said earlier that European firms doing business in Iran have a six-month deadline to wind up investments or risk U.S. sanctions.
Johnson said it falls to the USA administration to "spell out their view of the way ahead". Key U.S. allies in Europe and Asia are likely to defy or, at most, pay lip service to Trump's sanctions threats. However, China - which is now Iran's largest single customer for its oil - is unlikely to cut back on its purchases, since it will not wish to be seen as being bullied by Washington.
Major companies in the US and Europe could be hurt, too.
Max Verstappen and Daniel Ricciardo can 'drive free' despite collision in Baku
The team appears to be putting a limit on the freedom it gives its drivers after seeing them crash into each other in the race at Azerbaijan.
Percentage of Registered Republicans in California Sinks to New Low, Report Shows
Attorney General Patrick Morrisey is projected to win the West Virginia GOP Senate primary, according to NBC News. "Vote Rep. Senate seat, and as part of that effort, Republicans across the state, including Mike Pence, congratulated Braun.
The Singularity of LeBron James
It's a subjective debate, one that even the most convincing quantitative data and qualitative premises won't definitively settle. He led the National Basketball Association in scoring for 10 seasons, more than anyone else who has played 15 or more seasons.
That policy may falter in the wake of Trump's Iran sanctions. Mnuchin said he didn't expect oil prices to rise sharply, forecasting that other producers will step up production.
The leaders of France, Germany and the United Kingdom issued a joint statement affirming their commitment to the agreement, and have urged Iran "to remain committed to its full implementation and to act in a spirit of responsibility". The Saudi Arabian foreign ministry said in a statement, "The kingdom supports and welcomes the steps announced by the U.S. president toward withdrawing from the nuclear deal".
"I hope to be able to make a deal with them, a good deal, a fair deal - a good deal for them, better for them", Trump said at a campaign rally. He predicted Iran would choose to negotiate eventually, or face consequences.
"This could test the Trump administration's appetite for sanctioning foreign companies, and the term "significant" in the sanctions legislation potentially leaves some wiggle room which could be used to avoid a trade dispute", he said in a report emailed to UPI. Translated from diplomatic speak, this amounted to an accusation that the United States, and not Iran, was the country violating global law.
Meanwhile, for nations contemplating striking their own sensitive deals with Trump, such as North Korea, the withdrawal will increase suspicions that they can not expect lasting USA fidelity to global agreements it signs.
We will know more in three to six months how all the other parties to the deal, which regretted and criticised the U.S. decision, are doing in America's absence, and whether the Joint Comprehensive Plan of Action (JCPOA) will still work. Iran's support for extremist groups, its human rights violations, its backing of repressive allies, and its other violations of worldwide norms-while certainly wrong-are no worse than those committed by key USA regional allies.
Israeli Prime Minister Benjamin Netanyahu revealed on April 30 that Israeli spies had stolen Iranian nuclear plans.
Former Shell Oil President John Hofmeister on the potential impact of pulling out of the Iran nuclear deal on the oil market.
In a new assessment, however, the head of the United Nations nuclear watchdog unit, the International Atomic Energy Agency, said, "As of today, the IAEA can confirm that the nuclear-related commitments are being implemented by Iran". Iran is complying with its commitments, meaning that it is not threating the US and Europe or further destabilizing the region by restarting its historical nuclear weapons program. Obama described it as a model for what diplomacy can accomplish as he noted the irony of the USA cancelling an agreement that achieved the same outcome it is now trying to pursue with North Korea. Yet the Europeans realized he was unpersuaded.
May 13 2018
Ireland Test off to dramatic start as Pakistan´s Imam injured first ball
Babar Azam (14), pushing hard at a Murtagh delivery that left him off the pitch, was well-held by Paul Stirling at second slip. Rankin eventually tempted Shafiq to pull to square leg on 62, giving him, Murtagh and Stuart Thompson two wickets apiece.
May 13 2018
Kilauea could erupt with 'once-in-a-century' explosion, geologists warn
Since last week , lava has been siphoning away for the volcano's summit, breaking through the ground in the 15 fissures. As a result of that event, the lava lake that once existed there disappeared, though one returned in 2009.
May 12 2018
Hearn has big U.S. plans with $1B DAZN deal
Of the 16 cards to be produced Hearn promises 12 of them will be top of the line shows and 4 will be "absolute monsters". His promoter Eddie Hearn said: "I met with Anthony and his coach Rob McCracken on Tuesday to discuss our next move.
May 12 2018
Raptors fire Dwane Casey as head coach
Ultimately someone had to pay the price for the Raptors' failure to get past Cleveland for the third consecutive season. One name that ESPN's Adrian Wojnarowski linked to Toronto was former Atlanta Hawks Head Coach Mike Budenholzer.
May 11 2018
Edmund dumps Djokovic in Madrid
I try to always remind myself and be grateful for that. "He is a top player, top 10 in the world, so it is very pleasing". And it follows his poor performances at the Indian Wells Masters, Miami Open and Barcelona Open.
May 10 2018
Rory McIlroy puts his driver away for The Players Championship at Sawgrass
He tied for fourth. "Personally, I like this grass type better", said Jordan Spieth , who has only played the tournament in May. There's a lot of golf to play. "We're all playing from basically the same spots off the tees with our approach shots".
May 09 2018
North Korean Leader Kim Jong Un Visits China Again, Meets Xi Jinping
In retaliation, the North had sent over balloons carrying anti-South leaflets, along with starting their own broadcasts. The latest encounter in China comes before a scheduled meeting between North Korea and the US.
May 07 2018
Two coal mines collapse in Pakistan, 23 killed
The death toll has risen to 23 due to collapse of two coalmines in two separate incidents near Quetta , reported Radio Pakistan . The mines are in an area where such accidents are common because of poor enforcement of safety regulations.
May 06 2018
One of Waymo's self-driving minivans gets caught in a road crash
However, the information on what actions the Waymo minivan took after the sedan chose to swerved for avoiding another collision. Chandler police said the Waymo van was in autonomous mode with an occupant behind the wheel at the time of the crash.
May 06 2018
Encounter underway with terrorists in Shopian, J&K
Earlier, the gunfight broke out at Badigam village after army's 44 RR launched the cordon-and-search operation in the area. The search operation turned into an encounter after the hiding terrists fired upon the forces, which was retaliated.
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