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NEW YORK, United States (AFP) — Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China’s economic recovery stuttering under Covid-19 restrictions. Stock markets were broadly steady and the dollar traded mixed as investors digested the latest developments, including the surprise move by China’s central bank Monday to slash interest rates as a raft of data showed industrial production and retail sales growth for July […]
RIYADH, Saudi Arabia (AFP) — Saudi Arabia, the world’s largest oil exporter, has said it will take all necessary measures to prevent supply shortages following the US withdrawal from the Iran nuclear deal. “The kingdom will work with major oil producers within and outside OPEC, and with major consumers as well to limit the impact of any shortages in supplies,” the Saudi energy ministry said in a statement late Tuesday. The kingdom’s assurance came just […]
JERUSALEM, Israel (AFP) — Israeli Prime Minister Benjamin Netanyahu headed to Moscow on Wednesday for talks with Russian President Vladimir Putin, hours after US President Donald Trump announced he would pull out of the Iran nuclear deal. Netanyahu and Putin have held a series of meetings and phone conversations in recent months, mainly over Syria and the involvement there of Israel’s arch-rival Iran. “The meetings between us are always important and this one is especially […]
by Andrew Beatty Agence France Presse WASHINGTON, United States (AFP) — US President Donald Trump and French counterpart Emmanuel Macron called for a “new” deal with Iran Tuesday, looking beyond divisions over a landmark nuclear accord that now hangs in the balance. Trump pilloried a three-year-old agreement designed to curb Iran’s nuclear program as “insane” and “ridiculous,” despite European pleas for him not to walk away from the accord. Instead, Trump eyed a “grand bargain” […]
by Dave Clark Agence France Presse TORONTO, Canada (AFP) — Foreign ministers from the Group of Seven vowed to defend their “democracy” against attacks from Vladimir Putin’s Russia on Monday in a show of solidarity from the world’s richest industrialized economies. Canada’s Chrystia Freeland, host of the Toronto talks, said Russia must pay a price for undermining Western elections, using nerve agent in an attempted assassination of a Russian double agent on British soil, and […]
by Dave Clark Agence France Presse TORONTO, Canada (AFP) — The Group of Seven industrialized nations presented a stern common front against Russian aggression Sunday at their foreign ministers conference in Toronto. But for all the talk of resisting the “malign activities” of Vladimir Putin’s Kremlin, Washington’s European partners are still concerned that President Donald Trump will tear up the Iran nuclear deal. And all the G7 partners remain anxious for clues as to how […]
WASHINGTON, United States (AFP) — President Donald Trump is “creating an international crisis” with his “dangerous” decision to decertify the Iran nuclear deal, John Kerry, the former Secretary of State who negotiated the agreement, said Friday. “It endangers America’s national security interests and those of our closest allies,” Kerry said of the move by Trump, who has long criticized the agreement, which is aimed at curbing Tehran’s nuclear program. In a speech pocked with grievances […]
JULY 16 (Reuters) — India’s Minister for Petroleum and Natural Gas, Dharmendra Pradhan, said the country will benefit from the fall in oil prices following Iran nuclear deal. Pradhan said that even though the natural petroleum industry may face some challenges, India will be one of biggest beneficiaries of the dip in oil prices. “With Iran coming to the market, there is an assumption that there will be sliding in the oil price. There will […]
