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

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

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.

1 person killed in explosion at CA medical facility
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. "...

"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.

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