Saudis bid to match Iran by enriching uranium

Oil set for biggest weekly rise in a month as Iran…

The limited scope of the accord left Tehran free to pursue its regional policies that could be viewed as unduly aggressive and at the expense of the geopolitical interest of other regional countries, including a number of Arab states.

"The oil supply/demand balance is roughly in balance now, but it could turn to a complete supply shortage (in case of new supply curbs)".

Since December 2017, Iran's currency, the rial, has lost one-third of its value.

Among several other South African companies involved in Iran, MTN Group has a 49% stake in the Irancell consortium, which was awarded the second mobile telecommunications licence in Iran. Inflation is high. The Iranian rial is trading at 75,000 to the dollar.

As those sanctions kick in, it will have an even broader effect as well, Bolton said.?The issue here is what the Europeans are going to do.

But Bolton didn't rule out sanctions for European companies doing business with Iran. For the week ending on May 6, the weekly average Australian petrol price was $1.46, although it reached an average high of $1.48 in major cities. Why would the shareholders of any business want to do business with the world's central banker of international terrorism?” he asked.

The OPEC report, published Monday, showed Venezuelan production at its lowest in decades and said the global oil glut had been virtually eliminated. The US will separately re-impose sanctions on the provision of insurance and reinsurance. "These vague global threats could have a very negative impact on an emerging market such as ours, because we depend on business confidence and foreign direct investment". The deal stopped Iran from proceeding with the building of a nuclear weapon.

US President Donald Trump signs a document reinstating sanctions against Iran after announcing the US withdrawal from the Iran Nuclear deal. In fact, the Energy Information Administration lifted its 2019 domestic output forecast on Tuesday by nearly 4% to a record 11.9 million barrels per day.

On May 5, the State Department's top negotiator, Brian H. Hook, spoke one more time to his British, French and German counterparts. Clearly, allowing the terrorist regime in Tehran to obtain nuclear weapons should not be seen as an option.

France as a "matter of principle" can't accept that "the U.S. act like the world's economic policeman", Finance Minister Minister Bruno Le Maire told reporters on Friday.

Trump's decision clearly opens a difficult, unpredictable and complex road ahead if the world is to forge new arrangements that will genuinely end the Iranian nuclear threat, and constrain Iran's other destablising behaviours.

Washington's decision to withdraw from the agreement and reimpose sanctions infuriated its allies in Europe as well as China and Russia.

By scrapping the Iran nuclear deal and agreeing to meet North Korean leader Kim Jong-un in Singapore on June 12, US President Donald Trump is confronting the same basic question: does Washington have the will or ability to prevent another spate of international nuclear weapons proliferation? Much of the reason for that stems from the Obama administration's deal with Tehran. It took years of painful negotiations to reach the Iran deal, but Trump has shown neither much inclination to be patient nor interest in long, intricate diplomatic wrangling. "Risks in the form of escalating geopolitical tensions in the Middle East and other forms of uncertainties could still create headwinds for the markets at any time".

Pompeo, who is barely a fortnight into his new job, told Fox News Sunday that he had been tasked by the president "to work to strike a deal that achieves the outcomes that protect America".

"I think it will make it easier", Bolton said.

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