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

Venezuela's economic crisis hits oil industry

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.

Groups sue to stop Iowa's 'fetal heartbeat' abortion ban
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.

"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 Malaysia's Anwar Ibrahim freed from jail
May 16, 2018 - 07:11
Anwar, now 70, was granted a royal pardon over a sodomy conviction that saw him jailed for the past three years. He and his supporters have said the charges are politically motivated.

isis-killer-beheading-video-story-top Britain's Yates adds to Giro lead in stage 10
May 16, 2018 - 06:50
I'm not very good in a sprint from a slow speed so I launched and I increased my speed as much as I could". Overall, Froome has now moved back into the top 10 following Chaves' dramatic fall down the GC rankings.

isis-killer-beheading-video-story-top Fortnite BR Weekly Challenges Not Working Due to v4.2 Delay
May 16, 2018 - 06:38
Now there is no ETA for the downtime or the patch, so we're just going to have to wait and see. So, as a result, "some quests may not function until the build releases".

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 Palestinians Killed in Gaza Protests Ahead of US Embassy Opening
May 16, 2018 - 06:20
Israeli PM Benjamin Netanyahu said his forces were acting in self-defence against Gaza's Islamist rulers, Hamas . By late afternoon, at least 43 Palestinians, including five minors, were killed , the Gaza Health Ministry said.

isis-killer-beheading-video-story-top Wife of PGA golfer Lucas Glover arrested on domestic violence charges
May 16, 2018 - 03:34
Glover released a statement about the incident on Tuesday. "Wait till I talk with the judge, you will be f--ing fired over this". After being arrested, police say Krista Glover became combative and unruly and repeatedly kicked the vehicle door.

isis-killer-beheading-video-story-top Missouri lawmakers push Greitens probe after charge dropped
May 16, 2018 - 03:04
The allegations led to a special investigation by the Missouri Legislature, which found the woman's testimony to be "disturbing". Louis for allegedly disclosing a donor list from a veterans' charity he founded for use in his political campaign.

Taylor Wimpey (LON:TW) Earns "Buy" Rating from Canaccord Genuity
May 16, 2018 - 03:03
The ROIC 5 year average is 0.131422 and the ROIC Quality ratio is 1.174105. 27 funds opened positions while 51 raised stakes. Wespac Limited Liability Company holds 83,154 shares. "Buy" rating has 5, "Sell" are 0, while 0 are "Hold".

isis-killer-beheading-video-story-top Ryan Reynolds Perfectly Explains Hilarious Trolling Relationship With Blake
May 16, 2018 - 02:57
The Chicago Tribune likewise bends toward the sequel, writing that " Deadpool 2 " is "just like " Deadpool " only more so". Wade Wilson, gasp , becomes endearing, a thoughtful person. "You're so dark", Deadpool says to Cable at one point.

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 Manhattan to stop prosecuting most low-level marijuana cases in August
May 16, 2018 - 02:52
Vance said his office is discussing limited exceptions to the policy with Mayor Bill de Blasio and NYPD Commissioner James P. In Manhattan, the gap is even starker: "Black people there were arrested at 15 times the rate of white people".

isis-killer-beheading-video-story-top Cardi B Says Rita Ora Collab "Girls" Reflects Her Own Experiences
May 16, 2018 - 02:25
Among those voicing their upset over the lyrics was singer Hayley Kiyoko , who identifies as gay and labelled the song "harmful". On Tuesday, Cardi B responded to the backlash over Rita Ora's song "Girls", which features Cardi, Charli XCX , and Bebe Rexha .

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 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 Martial left out of final-day squad amid transfer speculation
May 16, 2018 - 01:48
Reports had emerged that Martial was seen at the ground but drove away from Old Trafford before the match began. He was injured, he was injured in the Friday training session and Saturday couldn't train", Mourinho said.