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Iran declares its readiness to return to all its obligations under the nuclear agreement


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Western allies have 15 months to unify against Iran before the regime is free to buy and sell weapons under the 2015 nuclear deal, according to Secretary of State Mike Pompeo.

 

“Time is drawing short to continue this activity of restricting Iran’s capacity to foment its terror regime,” Pompeo said Tuesday at the United Nations Security Council.

The top U.S. diplomat paired that exhortation with the launch of a State Department “countdown clock” to the expiration of the United Nations arms embargo on Iran and the lifting of travel restrictions on Islamic Revolutionary Guard Corps Gen. Qassem Soleimani next year. President Trump’s withdrawal from the nuclear deal has been a divisive issue among Western allies, but the U.S. presentation put a spotlight on the weapons systems that alarm key European powers.

 

“Soon after, the Iranian regime will also be free to sell weapons to anyone, including terrorist proxies, and countries like Russia and China will be able to sell the Iranian regime tanks, missiles, and air defense equipment,” Pompeo’s team emphasized in a note alongside the countdown clock. “This could start a new arms race in the Middle East and further destabilize the region and the world.”

The council meeting, billed as a wide-ranging discussion of Middle East security issues, recalled some of the key themes of the debate that took place last year in the lead-up to Trump’s decision to exit the agreement. European envoys, such as the United Kingdom’s Karen Pierce, stressed that they see “no alternative” to the nuclear pact. Pompeo recited a litany of Iranian aggression in the Strait of Hormuz this summer, which drew more agreement, but even then European allies seemed wary of being dragged into a plan to counter Iran that they deem hasty or imprudent.

“We do this through political dialogue, and, if need be, through coordinated sanctions,” Andreas Michaelis, a German deputy foreign minister, told the council after Pompeo spoke. “We are convinced that active deescalation by all sides will yield positive results and that an even higher pressure and unilateral actions will do the opposite.”

 

Pompeo acknowledged that “greater cooperation in the Middle East is needed more than ever,” as a preface to touting a diplomatic process launched earlier this year in Warsaw. European leaders hesitate to attend the ministerial in February, in order to avoid antagonizing Iran, but Pompeo encouraged them to attend a series of working groups scheduled to take place this fall.

“We need fresh thinking to solve old problems,” he said. “No one country will be the subject of these discussions. All nations will be heard and all voices will be respected.”

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  • yota691 changed the title to US launches countdown clock to warn of Russia and China arming Iran
AUGUST 21, 2019 / 5:32 AM / UPDATED 2 HOURS AGO

Iran's Zarif warns U.S. that Tehran may also act 'unpredictably

3 MIN READ

 

STOCKHOLM (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif said on Wednesday Tehran may act “unpredictably” in response to the United States’ “unpredictable” policies under U.S. President Donald Trump.

Iran's Foreign Minister Mohammad Javad Zarif talks to the media during the Ministerial Meeting of the Non-Aligned Movement (NAM) Coordinating Bureau in Caracas, Venezuela July 20, 2019. REUTERS/Manaure Quintero
Tensions between Tehran and Washington have risen since President Trump’s administration last year quit an international deal to curb Iran’s nuclear ambitions and began to ratchet up sanctions. Iranian officials denounced the new penalties as “economic warfare”.

“Mutual unpredictability will lead to chaos. President Trump cannot expect to be unpredictable and expect others to be predictable. Unpredictability will lead to mutual unpredictability and unpredictability is chaotic,” Zarif said in a speech at the Stockholm International Peace Research Institute (SIPRI).

Global commodity trading has been rocked in recent months after a series of attacks on international merchant vessels, which the United States has blamed on Iran, and the seizure of a British tanker. Tehran has denied the accusations.


Washington, which has by far the strongest Western naval contingent in the Gulf, has been calling for its allies to join it in an operation to guard shipping in the Strait of Hormuz, a vital gateway for the world’s oil industry.

Zarif said: “Gulf Arabs cannot achieve security (in the region) by spending billions of dollars on purchasing Western weapons... No amount of foreign military presence (in the Gulf) can prevent insecurity.”

He added that Gulf Arab states should not seek to “buy security from outside” and denounced sending naval forces to the Gulf.

“(If you) want to talk about security, don’t send flotillas to the Persian Gulf. This is a small body of water. By sending flotillas, you do not protect freedom of navigation, you impede freedom of navigation.”


So far, Britain, Australia and Bahrain have joined the U.S.-led security mission to protect merchant vessels traveling through key Middle East waterways.

“You cannot have an island of security by your fleet in the Persian Gulf when the United States is waging an economic war against Iran,” Zarif said.

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Release date:: 2019/8/22 12:51  82 times read
Zarif: Iran will not start a war in the Gulf, but it will defend itself
Iran will not start a war in the Gulf, but will defend itself, Iranian Foreign Minister Mohammad Javad Zarif said on Thursday, speaking from Norway.
Zarif said at the Norwegian Institute of International Affairs: "Will there be a war in the Gulf ?, I can assure that Iran will not start the war, but we will defend ourselves." 
Zarif on Wednesday warned the United States that Tehran might behave "unexpectedly" as well, in response to Washington's unexpected policy headed by Donald Trump. . 
"The Gulf states cannot secure stability in the region by buying billions of dollars in Western weapons. The foreign military presence in the region, no matter how large, cannot prevent insecurity," Zarif said. 
Zarif started the weekend tour of three Scandinavian countries, he started from Finland, Sweden, and concluded in Norway his third and final stop.
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gggggggggggggggggggggggggggggggggggggggg

Tehran has threatened Washington's view that any supply attempt or support for the Ariane Darya 1, formerly known as Grace 1, would be a support for a foreign terrorist organization by renewing its threat to close the Strait of Hormuz, and warned of the consequences of what it called US economic terrorism against it.

"If Iran is prevented from exporting its oil, the international waterways will not be as secure as before," Iranian President Hassan Rouhani said at a meeting with members of his government. It will be in its favor and will not guarantee security in the region and the world

On the military front, Iran reiterated its rejection of the US initiative to protect the freedom of navigation in the Gulf waters. General Ali Fadavi, deputy commander in chief of the Revolutionary Guards, stressed that the security of the Gulf lies with his country and the countries of the region. Insecurity.

Secrets 
While a lot of talk in Iran and beyond the point of the tanker "Grace 1" final, especially denying Greece the possibility of their arrival to their ports by 25 of this month; considered a political science professor at Tehran University , Mohammad Sadiq Koshchi that the final destination of the tanker "of the secrets of Iranian oil sales", and Should be revealed.

The political analyst - close to the Iranian Revolutionary Guards - in a press statement that the Iranian Oil Ministry will determine the destination of the tanker in accordance with national interests, considering US pressure on the carrier and its crew part of the "trade war waged by America on all countries of the world."

US Secretary of State Mike Pompeo has threatened that anyone who touches, supports or allows the Grace 1 to dock is at risk of sanctions from the United States, adding that if the ship heads back to Syria, we will take all possible measures, consistent with Those sanctions are in order to prevent that. ”

Kouchki ruled out the ability of the United States to apply its threats on the Russian tanker loaded with Iranian oil, adding that his country has proved to London that if the interests of the Islamic Republic and its national security are damaged, the existing tension will also prolong British interests.

Destination of the tanker 
was considered that the decision to arrest "Grace 1" was based on the American will, but ended in accordance with the Iranian will, and said that Tehran reserves the right to raise a complaint against Britain in international courts, considering that the follow - up case judicial and legal is the need for Iran to prevent the recurrence of such events in the future.

Abbas Aslani, a researcher at the Middle East Center for Strategic Studies, said that as Iranian officials said the supertanker could not be on its way to Syria, especially since its size was too large for the Syrian port of Banias.

Speaking to Al Jazeera Net, he stressed that although some reports talk about Greece as the last destination of the tanker, Iran is pursuing a policy of non-disclosure of the destination of oil tankers because of US sanctions, to prevent America from hindering its oil exports.

As for Greece's announcement that it did not receive a request from the tanker to dock at one of its ports, the Iranian university professor said that the tanker is still far from Greek waters, and that it has ample time - even two days before its arrival there - to do so.

Fate of Grace 1 
On the expected scenarios of the tanker after leaving the waters of Gibraltar, the Iranian university professor said that the arrival of the tanker final destination is a priority for Iran in the current circumstances, and no expected return to Iranian waters, but will not announce its destination in advance because of fear of problems that may be created by America for the sake of Zeroing Iranian oil exports.

Aslani ruled out direct US intervention to acquire the Adrian Darya 1, especially after the Iranian warning through the Swiss embassy (the sponsor of US interests in Tehran) of the consequences of such measures, and he expected Tehran to make a similar response by arresting a US oil tanker, such as one Stina Impero, British.

He questioned the validity of what was quoted by "Fox News" US intelligence sources that a tanker named "Bonita Queen", loaded with Iranian oil en route to Syria will stop in Dubai to refuel, stressing that Washington is using sensitivity to Syria to attract the largest number of countries to its alliance and zeroing Iranian oil exports.

Its goal of pressure 
and what is important for America is to pressure the Islamic Republic more than sanctions against the Syrian regime, according to Aslani.

Fox News quoted intelligence sources as saying that the tanker will unload its cargo in two Syrian ships named "Kader" and "Jasmine" in the Mediterranean after they depart from Dubai on a journey of months, where they will pass the Horn of Africa to the Mediterranean.

Iranian sources deliberately ignored the report without mentioning it in the official Iranian media.

The Iranian tanker "Adrian Daria 1" left Gibraltar last Sunday after flying the Iranian flag instead of the Panama flag. Data tracking ships showed that the ship was heading to the port (Kalamata) in southern Greece, and is scheduled to arrive next Monday, August 26.

The island

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2019/08/23 02:34:39 PM  27

Macron discusses with Zarif the developments of the Iranian nuclear file ahead of the G7 summit

Macron discusses with Zarif the developments of the Iranian nuclear file ahead of the G7 summit

 

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French President Emmanuel Macron met at the Elysee Palace on Friday with Iranian Foreign Minister Mohammad Javad Zarif.

 

 

This comes ahead of the G7 summit, which is expected to discuss the file of the Iranian nuclear agreement, which Washington withdrew in May 2018.

Macron said earlier that he "hopes from the United States and from G7-level discussions to clarify the strategy to get the Iranians to act."

According to Agence France-Presse, Macron is expected to discuss with Zarif "proposals" that allow the rescue of the Iranian nuclear deal, as Paris seeks to obtain the easing of US sanctions targeting Iranian oil, in return for Iran's respect for the agreement, and open new negotiations with Tehran on its program Ballistic and its regional influence.

Zarif had visited Finland, Sweden and Norway, as part of a Scandinavian tour, during which he called on European countries to comply with the obligations of the comprehensive plan of action of the nuclear agreement, which took upon itself after Washington withdrew from the agreement, pointing out that "these commitments include the purchase of oil from Iran and supply of goods to it." .

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  • yota691 changed the title to Tehran with dialogue and refuses to renegotiate the nuclear deal
France wants a united European position and Britain refuses to change its position
Date posted: 24/08/2019
 
355
 
 
 
 

TEHRAN (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif said on Friday he held "fruitful" talks in Paris with French President Emmanuel Macron over the 2015 nuclear deal, expressed openness to dialogue and refused to renegotiate the deal. Paris.

"France has given us proposals, we have put forward proposals on how to implement (the nuclear deal) and the steps that should be taken by both sides," Zarif said. "The talks were good and fruitful," he said, adding that it was not possible to renegotiate the nuclear deal.

Zarif also said that he discussed with Melkron international freedom of navigation, stressing «the need to be safe navigation for all».

For his part, a French official said on Friday that the position of the three major European powers - Britain, France and Germany - should remain united towards Iran.

A British diplomatic source said on Friday that the government of Prime Minister Boris Johnson will not change its support for the nuclear deal with Iran. "We are strong supporters," he said. "I don't think you will find any change in the British government's position," he said after an expected meeting with the US president.

If he had other ideas, he said, "we would be happy to hear them." In conjunction with Zarif's visit, hundreds of Iranians demonstrated in Paris against the visit, demanding the severance of ties with Tehran and support for the Iranian people's protests calling for the overthrow of the regime. (Agencies)

 
 

- See more at: http://www.alkhaleej.ae/alkhaleej/page/b3dbefc5-079e-4fee-9d55-080591d4173e#sthash.NLUPpeef.dpuf

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This is how Iran defies the embargo

This is how Iran defies the embargo

 Saturday, August 24, 2019 - 10:16 GMT

 

Iranian Energy Minister Reza Ardakianian has announced the launch of 227 mega projects in the water and electricity sectors as of March 20, 2020, despite the ban on the country.

 

 

The projects include power plants, dams, water and sewage treatment plants, desalination, irrigation and drainage systems in different governorates and a credit of 330 trillion riyals (US $ = 42,000 riyals), Erdakanyan said on Saturday.

On the other hand, he stressed that the Ministry of Energy will begin the operational operations of electrical and water projects, including 8 hydroelectric plants and 3 major sewage plants and others to purify water with credit of 430 trillion riyals until 20 March next.

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Iran test fires new missile

1725871-98814583.jpg?itok=IHJmWOkW

REUTERS

August 24, 201907:55

 

GENEVA: Iran has test fired a new missile, the commander of Iran’s Revolutionary Guards, Major General Hossein Salami, said on Saturday, according to the Tasnim news agency.
“Our country is always the arena for testing a variety of defense and strategic systems and these are non-stop movements toward the growth of our deterrent power,” Salami said. “And yesterday was one of the successful days for this nation.”
He did not provide any additional information about the missile.
US President Donald Trump pulled out of an international agreement on Iran’s nuclear program last year and stepped up sanctions on Tehran in order to curb its development of ballistic missiles and its support for proxies in Syria, Yemen, Lebanon and Iraq. The two countries have been exchanging threats and warnings since then.
Iran shot down a US military surveillance drone in the Gulf with a surface-to-air missile in June, nearly setting off a conflict with the United States. The Islamic Republic says the drone was over its territory, but Washington says it was in international airspace.
Iran displayed what it described as a domestically built long-range, surface-to-air missile air defense system on Thursday.

http://www.arabnews.com/node/1544586/middle-east

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On 8/21/2019 at 8:25 AM, yota691 said:

Tehran may act “unpredictably” in response to the United States’ “unpredictable” policies under U.S. President Donald Trump.

 

personally thankful america finally has a president that not in lockstep with the political hacks in washington ..... thanks for all the articles yota

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Iraq Money Market Anomalies: Flaws for Iran to Circumnavigate Sanctions

Iraq Money Market Anomalies: Flaws for Iran to Circumnavigate Sanctions

(Iraqi Money Exchange. Photo: KNN)

U.S sanctions have gradually, and effectively isolated Iran from the rest of the world. International banks and financial institutions are hesitant in dealing with Iran due to the risk associated with being penalized by the U.S. Treasury Department. What intensifies these economic sanctions is the plummeting of Iran’s currency, soaring inflation, and upward trend in unemployment rate, which Iranian citizens are immensely impacted by the negative consequences of the sanctions that have dwindled Iran’s foreign currency reserve. The pressure has kicked Iran to demand other Iranian nuclear deal signatory members to take action or otherwise Tehran will suspend its commitment to the deal. Other European Union signatories on other hand are scrambling to salvage the deal and have been trying to come up with methods of barter to protect their trades with Iran. This method, however, will not fulfill Tehran’s demand. Currently, Tehran needs hard currencies as an essential enabler for the import of goods and access to the global market.

Alternatively, to fulfill this shortage, Iran has resorted to triangulate arbitrage to acquire hard currency by infiltrating into the neighboring states’ money markets. Iraq, for its flaws and unregulated money market, has become a soft target for Iran’s front companies and phony exchange rate agencies. These agencies constantly siphon out Dollars supplied by the Central Bank of Iraq (CBI) to maintain the value of the Iraqi Dinar (IQD).

Consequently, CBI’s pegged exchange rate system does not work effectively. Chronically, CBI has been and is still injecting into the Iraqi market an average of $140 million to $160 million Dollars per day through currency auctions. Only a few licensed financial institutions have the privilege to participate in these auctions, which has given these oligarchies power and leverage in determining IQD value in the local money market. These licensed entities can determine the Dollar value in IQD by controlling the supply of Dollar. Stashes of CBI Dollar ends up in their coffers and they will decide whether to channel it into circulation or keep hold of it. Thus, IQD experiences instability in its value due to the gap between the official and unofficial value of the Dinar.

IQD is cheaper in the exchange shops compared to the targeted value of CBI. Some experts blame Iran for this market confusion and instability, and for the Dollar hemorrhage from the Iraqi market as Iran’s shadowy banks, companies, and individuals can easily establish themselves in Iraq’s markets. A cheaper Dollar in the CBI auction, a cheaper IQD in the market, and a fixed rate of Iranian Rial against the IQD have given these shady entities the space to take advantage and buy dollar cheaper with IQD in Iraq. Data exhibited on The Network of Announcing Gold, Coin, and Currency Value (an Iranian agency website that posts Iranian Rial value against Dollar in Iran on daily bases) compared with the data collected from money exchange shops in Iraq from April 1, 2018 through September 15, 2018 reveals an interesting pattern that could be a sign of manipulation. The figures below show the gap of Iranian Rial value in both official and unofficial money market in Iraq compared to the value of Iranian Rial against Dollar in Iran.

 
 
image.png.1f99acb9fdc80d3a14742e380b0be675.png
 
image.png.f0c6b805d5255a0f8f9194f68c6a6804.png
 

Discrepancies and variations in the IQD against Dollar and Rial, and Rial against Dollar in Iran, allow actors to reap a profit from buying Iraqi Dinar with Iranian Rial in Iraq’s money market, where IQD is cheaper if you buy it with the Rial, and then buying Dollars with IQD. It will make more sense if these Dollars are transferred to Iran to buy cheaper Rial to create a business cycle.

In addition, according to some local exchange rate agencies, actors are flooding the Iraqi market with truckloads of Iranian currency to earn Dollars, even though Dollar is cheaper for Iranian pilgrims in Iraq; apparently the rule of supply and demand does not apply to them.

Although Iraq’s susceptibility for manipulation comes from weak monetary policy, an unregulated money market, and porous, unguarded borders. The Central Bank of Iraq can mitigate this money hemorrhaging from the Iraqi money market, if it takes drastic measures by implementing new requirements on licensing currency auctioneers, allowing more financial institutions to participate in its currency auctions, monitoring hard currency circulation in the local markets, obliging local businessmen to do their transactions in IQD than other currencies, and adequately regulating and monitoring large amount transactions in and out of the country’s private and public banks. Furthermore, Iraqi authorities should increase surveillance on borders to prevent the smuggling of money across the border.

 
Aram Mahmood (Kokoy)

Aram Mahmood (Kokoy)

Aram Mahmood (Kokoy) holds an M.A. in Interdisciplinary Studies (Applied Economics, Political Science, Sociology) and a post-baccalaureate degree from Oregon State University, as well as a B.Sc. in Economics from the University of Sulaimani.

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Shock at G7 summit as Iranian foreign minister Zarif arrives unannounced

1727046-1231196589.jpg?itok=RRmhuqU1

REUTERS

August 25, 201911:49

Iranian foreign ministry says Zarif will not hold talks with Trump and his team

Earlier Trump dampened down Emmanuel Macron's optimism on Iran talks

BIARRITZ, France: Iran’s foreign minister flew into the French resort hosting a G7 summit on Sunday, an unexpected twist to a meeting already troubled by differences between US President Donald Trump and Western allies over a raft of issues, including Iran.
Mohammad Javad Zarif was holding talks with his French counterpart to assess what conditions could lead to a de-escalation of tension between Tehran and Washington, a French official said.
The French official said that at this stage there was no plan for Zarif to meet members of US President Donald Trump’s delegation at the summit venue, the Basque beachside town of Biarritz in southwest France.
Iranian UN mission spokesman Alireza Miryousefi posted on Twitter: “No meeting with Americans in Biarritz.”
Asked about reports of Zarif’s arrival at Biarritz, which had been closed for the Saturday-Monday summit of the seven industrialized nations, Trump said: “No comment.”
European leaders have struggled to calm a deepening confrontation between Iran and the United States since Trump pulled his country out of Iran’s internationally brokered 2015 nuclear deal and reimposed sanctions on the Iranian economy.
Earlier on Sunday at the summit, Trump appeared to brush aside French efforts to mediate with Iran, saying that while he was happy for Paris to reach out to Tehran to defuse tensions he would carry on with his own initiatives.
France said G7 leaders had agreed President Emmanuel Macron should hold talks and pass on messages to Iran. However, Trump, who has pushed a maximum pressure policy on Iran, distanced himself from the proposal, saying he had not even discussed it.
Macron, who has taken the lead in trying to defuse tensions, fearing that a collapse of the nuclear deal could set the Middle East ablaze, met Zarif on Friday. The aim was to discuss plans to ease the crisis, including reducing some US sanctions or providing Iran with an economic compensation mechanism.
Trump insisted on Sunday that he was getting along well with other leaders of a group that includes Britain, Canada, France, Germany, Italy and Japan as well as the United States.
But rifts emerged on issues ranging from his quickening trade war with China to the nuclear ambitions of Iran and North Korea, and the question of whether Russia’s President Vladmir Putin should be readmitted to the group.
Russia was excluded from what used to be the G8 in 2014 after it annexed Ukraine’s Crimea and then backed an anti-Kiev rebellion in the industrial region of Donbas in eastern Ukraine.
A European official who declined to be named said Russia was the most contentious issue discussed at a dinner on Saturday evening, with Japan neutral and Italy leaning slightly toward the US position.
“(The conversation) became a bit tense over this idea of the G7 being a club of liberal democracies ... that point was clearly not shared by the US president,” the official said.
Trump’s argument was that on a number of issues, like Iran and Syria, it made more sense to have Putin involved in the talks given that it is a key player there.
New British Prime Minister Boris Johnson on Sunday congratulated Macron for hosting a difficult dinner encounter.
“You’re doing well,” Johnson said on the sidelines of the summit. “You did very well last night, my God, that was a difficult one, you did really, you did really well.”
The G7 gathering is taking place against a backdrop of worries that a global economic downturn could be exacerbated by the escalating tariff war between Washington and Beijing.
Britain’s Johnson voiced concern on Saturday about creeping protectionism and said those who support tariffs “are at risk of incurring the blame for the downturn in the global economy.” Sitting across from Trump on Sunday, he said: “We’re in favor of trade peace on the whole, and dialling it down if we can.”
Italian Prime Minister Giuseppe Conte warned other leaders of the dangers of protectionism and urged Washington not to carry through on its threat to impose tariffs on German autos.
However, the White House doubled down on its aggressive stance toward trade with China.
White House spokeswoman Stephanie Grisham, explaining what Trump meant at a news conference when he said he had second thoughts after he had raised tariffs on Chinese tariffs last week, said he meant that he wished he had raised them higher.
Underlining the multilateral discord even before the summit began, Trump threatened the meeting’s host, saying Washington would tax French wine “like they’ve never seen before” unless Paris dropped a digital tax on US technology companies.
Looking to broaden the scope of the debate, Macron has invited several African leaders to discuss problems facing their continent, while leaders from India, Australia, Chile and Spain are due to attend a dinner on Sunday where the focus will be on the environment and other issues.
However, senior US officials accused Macron of looking “to fracture the G7” by focusing on “niche issues” rather than major global concerns.
France denied this, pointing to Sunday’s initial session covering the economy, trade and security — areas that used to draw easy consensus but are now sources of great friction.
Trump up-ended last year’s G7 meeting in Canada, walking out early and disassociating himself from the final communique.
Trump also appeared at odds with Japanese Prime Minister Shinzo Abe over the seriousness of North Korea’s series of short-range missile launches.
Trump, who prizes his relationship with North Korean leader Kim Jong-un, told reporters the launches did not violate an agreement and were in line with what others were doing. Abe, sitting across from him, said they breached UN resolutions.
The missile launches have complicated attempts to restart talks between US and North Korean negotiators over the future of Pyongyang’s nuclear weapons and ballistic missile programs.
At the start of the day, Trump said Britain would have a major trade deal with Washington after it leaves the European Union. Asked what his advice on Brexit was for Johnson, he replied: “He needs no advice, he is the right man for the job.”
While the transatlantic rift is the most stark, there are also deep divisions within the European camp, with Johnson making his G7 debut at a time when he is struggling to persuade EU capitals to renegotiate Britain’s exit from the bloc, which Johnson has said will happen on Oct. 31 come what may.

http://www.arabnews.com/node/1545011/middle-east

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2019/08/26 12:58:30 AM 114

Iran bargaining with the West: We export 1.5 barrels of oil per day in exchange for negotiations on the nuclear file

Iran bargaining with the West: We export 1.5 barrels of oil per day in exchange for negotiations on the nuclear file

 

Follow / tomorrow

TEHRAN: Iran wants to export at least 700,000 barrels of oil a day and then double that amount as a bargaining chip over the nuclear issue, Iranian official sources said.

 

 

Iran wants to export at least 700,000 barrels per day (bpd) of oil at the start and up to 1.5 million bpd later if the West wants to negotiate with Tehran to save the 2015 nuclear deal, Reuters quoted Iranian officials and a diplomat as saying.

"As a gesture of goodwill and a plan to allow negotiations, we have responded to France's proposal. We want to export 700,000 barrels per day of oil and get cash in cash, and this is just the beginning. We must reach 1.5 million barrels per day," a senior Iranian official said.

"Iran's ballistic missile program cannot be negotiated and will not happen," a second official said.

Officials did not elaborate on the French proposal. French officials could not be reached for comment.

An Iranian diplomat said Iran had also ruled out any negotiations on its "right to enrich uranium and the domestic nuclear fuel cycle ... In return we will fully abide by the 2015 nuclear deal."

Iranian oil exports fell to 100,000 barrels in July because of US sanctions imposed on the country since US President Donald Trump withdrew from the nuclear deal last year, industry sources told Reuters.

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  • yota691 changed the title to Trump: Possible meeting with Iran in coming weeks

Trump: Possible meeting with Iran in coming weeks

Trump: Possible meeting with Iran in coming weeks

 26 August 2019 08:17 PM
Direct: US President Donald Trump said it was reasonable to expect a meeting with the Iranian president in the coming weeks.

"I think Iran wants to correct the situation. I think there is a really good opportunity to meet," Bush said at a news conference with his French counterpart Emmanuel Macron.

The Macron said that it is possible to reach an agreement between Iran and the United States, after talking with Hassan Rouhani over the phone and hearing from him that he would be open to meet with the US president.

In response to Macron's suggestion that the United States and Iran would meet in the coming weeks on the nuclear issue, Trump was asked whether the timetable for a meeting seemed realistic.

Trump said on the sidelines of the Group of Seven summit: "If the conditions are correct, I would certainly agree to meet with Rouhani, but if the situation deteriorates they will face a very violent force."

The president said he was not looking for a change of leadership in Iran, adding: "We are looking for the absence of nuclear weapons and ballistic missiles."

The United States announced the re-imposition of economic sanctions on Iran after Washington withdrew from the nuclear deal with Tehran last year.

 
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13971115000366_Test_PhotoI.jpg

Information / Translation…

Baghdad is determined to maintain energy and trade ties with Tehran through a plan to deposit several billion US dollars into an account at an Iraqi bank to pay for energy imports from Iran , the head of the Iranian-Iraqi Joint Chamber of Commerce said on Monday .

"The plan will include depositing $ 4 to 5 billion in a special account in the Commercial Bank of Iraq to settle the Iraqi debts to Iran, including those related to the import of electricity and gas over the past years," Hosseini was quoted as saying by the Fars News Agency. The basis of the recent agreement between the governments of the two neighboring countries. ”

He added that "the authorities of the two countries have agreed to use the account as a special financial instrument to evade US sanctions on Iran and allow Tehran to pay for imports of goods not subject to sanctions through the account."

He added that "this mechanism and , unfortunately , the administrative bureaucracy Asdmt Snag ," noting that "the US bank JPMorgan Chase, which controls the shares in the Commercial Bank ofIraq, still disrupts the access of Iran to the account."

He explained that "the businessmen and private sector activists do not have any major problems in trade between Iran and Iraq, and that the mechanism of the Commercial Bank of Iraq was expected to accommodate government transactions between the two countries."

It is noteworthy that " Iran is still the first supplier of natural gas and electricity to Iraq, despite increasing pressure from the United States, which seeks to reduce exports

Baghdad has received several rounds of exemptions from US sanctions, insisting it has no alternative to replacing energy imports from the Islamic Republic. Finished / 25 z

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by Ali Ejam Arabs and the World 37 Minutes ago

Biarritz, France (Reuters)

WASHINGTON (Reuters) - US President Donald Trump said on Monday he was not open to compensating Iran for sanctions imposed by Washington on its economy since the United States withdrew from Tehran's 2015 nuclear deal with world powers.

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But he told a news conference at a Group of Seven summit in Biarritz, France, that many countries would offer a line of credit to Iran to enable it to run its own business.

"No, we will not pay, we do not pay."

“But they may need some money to get things done in difficult situations and if they need it. It will be from many countries, many countries. ”

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Number Of Hits 27-08-2019 02:55 PM


27-08-2019 02:55 PM

French President Emmanuel Macron has revealed preparations for a summit between the leaders of the United States and Iran. 

Macron stressed that efforts are underway to meet US President Donald Trump and Iranian President Hassan Rouhani in the coming weeks in order to find a solution to the nuclear crisis, stressing the importance of Iran never obtain nuclear weapons and this situation does not threaten regional stability.

For his part, US President Donald Trump said it is realistic to believe that a meeting with his Iranian counterpart Hassan Rouhani may take place in the coming weeks.

Trump told a news conference at a summit of the Group of Seven Biarritz in France that he had good feelings that they should be a good party.``They can't do what they were saying they would do, because if they do, they will meet with very, very violent power, so I think they will be good, '' he said.

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Iran can restore oil production to pre-US sanctions level within 3 days: oil min.

Bijan Zanganeh

Iran can lift its oil production back to the level it was at before US sanctions were imposed within three days, the semi-official Mehr news agency cited Iranian Oil Minister Bijan Zanganeh as saying on Tuesday.

"Three days are needed to return production to the levels before the reduction," Zanganeh said, according to the report. 

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Iraq’s Latest Oil Plan Could Upset The Entire Middle East

By Cyril Widdershoven - Aug 27, 2019, 4:00 PM CDT

Washington’s advisors will need to get back soon to address a possible tripartite pipeline proposal of Iran, as it will not only be linked to Syria but also will involve Iraqi participation. The already very shaky bilateral relationship between Baghdad and Washington will be tested again.  

Tehran, again boosted in its confidence by the diffuse reactions of the G7 parties in Biarritz, France after Iranian foreign minister Zarif turned up unexpected. Iranian and Iraqi officials have stated to the press that discussions currently are being held with regards to an Iranian proposal to build a new oil pipeline from Iran to Syria, crossing Iraqi territory. At the same time, Baghdad and Tehran are new non-Gulf export routes.

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In short, it seems that two options for the pipeline are on the table: a new 1,000 km pipeline running through Iraq into Syria, or repairs on the Iranian side of the Kirkuk-Baniyas pipeline, which is an 800 km pipeline. The new pipeline project is slated to target an overall capacity of 1.25 million barrels of oil per day. This project would take around 2 years to be completed. The goal of the official discussions are to find alternatives to the Strait of Hormuz for Iraq and Iran. Washington and its allies, however, will be looking at this in a totally different way. 

Tehran will be banking on the support of those European partners, that are trying to keep the JCPOA deal alive. Analysts, however, expect that Washington, most probably backed by the UK, Australia and the main Arab states, will be trying to block and outright prevent the construction of the Iran-Iraq (Syria) pipeline. Related: US Natural Gas Prices Could Soon Fall Below $2

First indicators show that the Trump Administration will be putting all its force on Baghdad to reconsider the deal. Baghdad’s position is precarious, as it needs to navigate between a wide range of political pressure groups, Iranian backed militias, Kurdish politics and its neighbors. At the same time, Baghdad doesn’t want to become a victim of the Iran-US confrontation, as its main crude oil export route is still the Strait of Hormuz. Walking a very tight rope, Baghdad has still been able not only to expand its oil and gas production, while keeping markets interested to take off the product. 

The rising export volumes are met with skepticism, as it is not always clear if volumes are 100% Iraqi crude or mixed with Iranian crude. European and Asian customers have still shown a large interest, but an increased official Iranian involvement in oil volumes transportation in the country could cause a stir. US sanctions on Iraqi operators or government owned entities would for sure put a stop on other deals in the EU or Asia too.

At the same time, the Syria route being addressed by Baghdad and Tehran also will cause some political issues. The Syrian situation has stabilized somewhat, and with Assad in power, Iran, Russia and Hezbollah are reinforcing their positions, while Western players are keeping out of the area at present. For Arab countries the situation seems to have changed. After a reestablishing diplomatic ties with Syria, Arab Gulf states and Egypt are considering their options. Iraq has a vast interest, as Syria is a potential market, but also a short route to export Iraqi oil and gas to European markets. Baghdad will for sure get the full backing of Iran for these adventures, even if it puts the country in the crosshairs of the U.S. Sources also have indicated that the Iraqi approach is not in-line with the interests of the other Arab countries, as they feel circumvented by Baghdad. Related: Who The Oil & Gas Industry Supports In 2020 US Elections

A heated confrontation between Baghdad and Washington could spell disaster for the region, if no rational discussions are being held. Baghdad is currently facing internal unrest, economic crisis and growing external interference. Iranian pressure to block US interests in the country already have resulted in attacks and threats by Iranian militias and other militants. At the same time, Iran’s IRGC power bases in the country are being targeted by Israeli and unknown other adversaries. This powder keg is heading for a showdown if the US is going to take a very blunt political approach. Sanctions or threats are not likely to get the desired result. Arab interference is also on the rise, as the UAE, Saudi Arabia and Egypt are trying to mitigate Iranian influence, while opening up economic and military discussions for the future.

Iraq, in the meantime should consider its other export options. The most realistic one is to expand the Iraq-Jordan pipeline volumes. No Arab, Western or even Israeli opposition is to be expected. Whatever decision Iraq makes, it should understand that taking the wrong approach could fuel conflict in the already unstable region.

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11 minutes ago, Artitech said:

How does this help or hurt Iraq and our investment?

 

Nothing will happen much to change what Iraq is doing now while Iran is under Sanctions.  If they can make a deal with Trump and he lifts Sanctions it just means more oil in a market that is awash in oil.  

 

I’ve traded oil for many years and I can tell you it is so different now. There are more players and the US is now the top producer.  Throw in renewable energy and EV’s and demand will subside some in the future.  The SA Aramco IPO is also on the horizon and I am watching this very closely.  

 

If Sanctions are lifted on Iran OPEC will have to come to some kind of agreement with its members or you will see an every man for himself mentality and oil back in the 25-35 a barrel range.  From what I’ve read Iraq is basing it’s 2020 budget for oil to be in the low 50’s. And another article actually said below 50.  

 

Oil is a moving target, so many variables.  That’s why I read about it everyday.  

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VARIABLES LIKE THIS ARTICLE THAT JUST CAME OUT,

 

 

Colossal Crude Oil Inventory Draw Carries Prices Higher

By Julianne Geiger - Aug 27, 2019, 3:46 PM CDT

The American Petroleum Institute (API) has estimated a staggering crude oil inventory draw of 11.1 million barrels for the week ending Aug 22, compared to analyst expectations of a 2.112-million barrel draw.

The inventory draw this week adds onto last week’s draw in crude oil inventories of 3.45 million barrels, according to API data. The EIA estimated that week that there was an inventory draw of 2.7 million barrels.

After today’s inventory move, the net draw for the year is 19.08 million barrels for the 35-week reporting period so far, using API data.

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Oil prices were trading up on Tuesday prior to the data release despite the appearance that the United States could be softening its stance on the Iranian nuclear deal and the subsequent oil exports that would be unleashed on the market in the rather unlikely event that the Iran vs. the West showdown wrap up in quick form. It also ignored news from China that it would seek to increase its domestic demand for products to weather the tariffs imposed by US strong-arming, indicating China’s future unwillingness to give up ground in the trade talks.

At 3:42pm EST, WTI was trading up $1.33 (+2.48%) at $54.97, or about $1.25 down from this time last week. Brent was trading up $0.89 (+1.53%) at $59.01--$1.10 down from last week’s levels.  

The API this week reported a 349,000-barrel draw in gasoline inventories for week ending Aug 22. Analysts predicted a draw in gasoline inventories of 388,000 barrels for the week.

Distillate inventories fell by 2.5 million barrels for the week, while inventories at Cushing fell by 2.4 million barrels.

US crude oil production as estimated by the Energy Information Administration showed that production for the week ending August 15 stayed the same at 12.3 million bpd, just 100,000 bpd off the all-time high of 12.4 million bpd.

The U.S. Energy Information Administration report on crude oil inventories is due to be released at its regularly scheduled time on Wednesday at 10:30a.m. EST.

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Yota, what would you think if we had a thread dedicated to oil news?0  I ask this because I just posted some fairly relevant OIL news that is now under this Tread

Some people will see Trump and move onto the next thread.  I would like to see anyone’s thoughts on oil, thoughts that may be lost because the Thread title doesn’t have oil in it.  Thank you for your consideration.  

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China Imports Close To 1 Million Bpd Of Iranian Crude In July

By Irina Slav - Aug 28, 2019, 9:30 AM CDT

In an announcement that shattered the credibility of a slew of Iran export estimates, the Chinese customs authorities reported the country imported an average of 926,119 bpd of Iranian oil last month.

S&P Global Platts reports, citing data from the authority, this was an increase of 4.7 percent on June but a drop of almost 72 percent on the year.

At the end of July, Reuters had quoted shipping data and industry sources as saying that Iran’s overall exports of crude had dropped to as little as 100,000 bpd during the month.

Brian Hook, the U.S. State Department’s special envoy for Iran also said Iran’s exports had fallen below 100,000 bpd in July, while S&P Global Platts had estimated them at some 450,000 bpd.

TankerTrackers.com came the closest to the real figures, saying the average total for July was around 700,000 bpd.

While the actual import numbers could affect the course of the trade dispute between the U.S. and China, there was also some pretty good news for U.S. oil: imports of US crude jumped by 45 percent on the year in July, despite the trade war, to an average 362,364 bpd. This turned the United States into China’s eighth-largest oil supplier, after Oman and ahead of Malaysia.

The jump could have come in anticipation of the 5-percent tariff on U.S. crude that Beijing said will take effect next month in response to the latest round of U.S. tariffs on Chinese goods. Yet Chinese refiners have clearly developed a taste for U.S. crude: Sinopec has reportedly asked the government for an exemption from the tariffs as it expects cargoes of a total 8 million barrels of U.S. oil in September and October. The tariffs will increase the price by some $3 per barrel.

Saudi Arabia remained the undisputed leader among oil exporters to China, with shipments shooting up by almost 116 percent on the year to 1.65 million bpd in July. Russia came second and Iraq completed the top three.

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  • yota691 changed the title to Iran declares its readiness to return to all its obligations under the nuclear agreement
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