Tag Archives: Donald Trump

Latest official reports from Iranian authorities show that the country’s export has preponderated over its imports in the second quarter of 2019. indicating that Tehran’s economic policies to cushion Washington’s unilateral pressures are bearing fruit.

Tensions in the Middle East have heightened in the wake of attacks on tankers and U.S. drones.

There is large uncertainty surrounding demand .

China has traditionally played a small role in Middle East conflicts or diplomacy despite its reliance on regional oil.

Growing LNG-capacities in Europe will be a constraint for Turkey in its path to dictate terms to the EU as a regional gas hub.

Crude oil futures were lower as global economic outlook dimmed over an escalation in US-China trade tensions.

The trade war has been hitting economic growth. which tends to reduce demand for commodities such as oil.

China and other countries are receiving oil shipments from a large number of Iranian tankers. defying sanctions imposed by the United States to choke off Tehran’s main source of income. an investigative report by The New York Times said.

Shipments of Iranian oil fell below 550.000 b d (barrels per day) in June from about 875.000 b d in May and about 2.5 million b d in June 2018.

Iranian Foreign Minister Mohammad Javad Zarif says the country will go ahead with the third phase of scaling back its nuclear deal commitments under the current circumstances.