Oil Gains as Israel and Iran Clash After Trump's Sanctions Move

An oil pump is seen at sunset outside Vaudoy-en-Brie near Paris France

U.S. Secretary of State Mike Pompeo says the Iranian documents obtained by Israel show that Iran lied about its pursuit of nuclear weapons and its deception undercuts the global nuclear deal it signed in 2015.

President Trump announced plans for sanctions when he confirmed on Tuesday that he was pulling the United States out of the Iran nuclear deal - which he said was "rotten", "horrible" and "one-sided".

The consulting company believes that admittedly, the prospect of secondary sanctions may deter other countries from importing Iranian crude. "Third, higher oil prices will encourage more non-OPEC production, especially from the USA where shale producers tend to be very responsive to prices", Capital Economics said.

Macron and Trump spoke by phone on Saturday, with the USA president urging "the need for a comprehensive deal that addresses all aspects of Iran's destabilizing activities in the Middle East", according to a White House readout of the call.

It remains for President Donald Trump and the current Congress to attempt to clean up the mess.

The Iranian government warned that it will take "whatever reciprocal measures it deems expedient" if it is not fully compensated for the U.S. withdrawal from the nuclear agreement as provided for in the accord. "How will that force Iran back to the table?"

"I am not prepared to evaluate the position of our Iranian counterparts concerning these developments", Ryabkov said when asked about Iran's compliance with the JCPOA.

"The repeated attacks by the Zionist regime on Syrian territory were carried out under pretexts that were invented", he added.

Iranian hardliners - who have long opposed President Hassan Rouhani's moves to improve ties with the West - are already mobilizing against the efforts to save the nuclear deal.

Arsenal must name new boss soon - Cech
Asked if the new manager could build a dynasty like Wenger, Cech replied: 'It will depend how well the club and manager will do. Beneath that, however, is the reality of Arsenal's situation.

"But for Canada's goal, we make our decisions around foreign policy here in Ottawa, not in Washington, not elsewhere".

At the same time, the government said it has tasked the president of the Atomic Energy Organization of Iran with "taking all necessary steps in preparation for Iran to pursue industrial-scale enrichment without any restrictions, using the results of the latest research and development of Iran's fearless nuclear scientists".

"The final aim of these negotiations is to seek assurances that the interests of the Iranian nation will be defended", Iranian Foreign Minister Mohammed Javad Zarif.

US National Security Adviser John Bolton took a more hardline approach, reminding European firms that they could be punished for not adhering to US sanctions. His national security advisor, John Bolton, added insult to injury by broaching the possibility of sanctions against European Union companies doing business in Iran.

Six regional powers, including the USA, signed a nuclear agreement with Iran in July 2015, and economic sanctions on Iran were lifted in January the following year.

Trump says the U.S. "We have no illusions about Iran's disruptive behavior but we think we can tackle those in other ways", Johnson said.

Iran has said it had asked Europe's Airbus to announce whether it would go ahead with a plane deal with Tehran following the United States pull-out.

This, along with its diplomatic moves to orchestrate an end to the Syrian conflict, has put Moscow at loggerheads with the United States and Europe, which have intervened against the regime.

Related news:

Hot News

isis-killer-beheading-video-story-top 1 person killed in explosion at CA medical facility
May 16, 2018 - 06:59
I saw two women come out full of blood, hair singed, just glass stuck to the hair, glass stuck to their bodies". Video from the scene showed teachers leading the children along a sidewalk toward the Target store. "...

isis-killer-beheading-video-story-top North Carolina AG Joins Other States In Suing Opioid Manufacturer
May 16, 2018 - 06:41
The Attorney General says filing a lawsuit is an important step in fighting addiction by going after the root of the problem. FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt.

isis-killer-beheading-video-story-top Groups sue to stop Iowa's 'fetal heartbeat' abortion ban
May 16, 2018 - 06:27
Kim Reynolds and was immediately met with threats of a lawsuit from abortion groups who claim the ban is clearly unconstitutional. That typically happens around the six-week mark, often before the woman knows she is pregnant.

isis-killer-beheading-video-story-top Pep Guardiola named Premier League Manager of the Year
May 16, 2018 - 06:20
In fact, the former Atletico forward would have even made a massive push for the Golden Boot if he had played the entire season. The Saints had a poor season in contrast as they secured Premiership survival on the last day of the season.

isis-killer-beheading-video-story-top It's Birthday of Madhuri Dixit, She turns 51
May 16, 2018 - 03:06
The young Madhuri is both bashful and mischievous in this particular song and that's something she, and she alone, can achieve. Her oomph, her beauty and her craft of acting were all intertwined in a way that one could just not separate them.

isis-killer-beheading-video-story-top Judge Upholds Mueller's Authority To Prosecute Manafort For Ukraine Dealings
May 16, 2018 - 02:56
Jackson sided with prosecutors who had produced an August 2017 memo from Deputy Attorney General Rod Rosenstein . The charges against Manafort relate to his decade of work as a political consultant to Ukrainian politicians.

isis-killer-beheading-video-story-top Millennials face more pressure at the workplace than older colleagues
May 16, 2018 - 02:54
Thousands took part in the 2016 and 2017 surveys and we need your help to make 2018 the biggest yet. Mental health conditions are real, and a common problem that is treatable.

isis-killer-beheading-video-story-top Conservatives to progress Withdrawal Bill despite lack of support
May 16, 2018 - 02:18
Welsh and Scottish ministers were working together against the bill before the deal - and the Scottish government remains opposed.

isis-killer-beheading-video-story-top Hero dog rescues his pal from drowning in pool in viral video
May 16, 2018 - 02:18
ACS-low, Arizona, told the media that her husband Jay found his wet dog named Smokey and I made a decision to check what happened. The video shows Smokey in the water paddling to the edge of the pool. "So Remus and Smokey received slightly rambunctious".

isis-killer-beheading-video-story-top Internet divided over 'Yanny or Laurel' video clip
May 16, 2018 - 02:12
But just about everyone is pointing to this Reddit post from Roland Camry as the original source of the Laurel-Yanny conundrum. Laurel debate exploded on Tuesday after a recording of a computer-generated voice started office fights around the world.

isis-killer-beheading-video-story-top WWE Raw: Watch the best moves here
May 16, 2018 - 01:59
Roode sendsa a charging Corbin out of the ring before nailing Jose with a Glorious DDT for a three count. On the other hand, Roman Reigns extracted revenge on Jinder Mahal for costing him his match last week.

isis-killer-beheading-video-story-top U.S. imposes sanctions against Iran central bank governor
May 16, 2018 - 01:55
Seif frequently visits Washington to attend meetings of the International Monetary Fund. And in 2015, the USA focused the governor of Syria's central financial institution.

isis-killer-beheading-video-story-top Georginio Wijnaldum gives TWO reasons why Liverpool will beat Real Madrid
May 16, 2018 - 01:42
Wijnaldum is also under no illusions of the strength that Real will pose in their attempts to lift a third Champions League in as many seasons.

isis-killer-beheading-video-story-top Google adds new gestures and pairing features to Pixel Buds
May 16, 2018 - 01:34
Google says that this update is starting to roll out today and should arrive on Pixel Buds everywhere by next week. Despite significant flaws, I liked them quite a lot in my review , but plenty across tech media did not.

isis-killer-beheading-video-story-top Hadary on way to being oldest World Cup player
May 16, 2018 - 01:27
Participating teams have until June 4 to finalize their final 23-man squads for the tournament. Egypt have announced their 29-man preliminary squad for the 2018 World Cup .