The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation.
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World oil demand will rise by 1.14 million barrels per day (bpd) this year.
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The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.
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CEO of Iran’s National Petrochemical Company Behzad Mohammadi reiterated that Washington’s unilateral sanctions on the country’s largest and most profitable petrochemical group are hardly to have an impact.
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US Treasury Secretary Steven Mnuchin admitted that while Chinese telecom giant Huawei remains a supposedly dangerous national security issue – except when it can be used to wring a better deal out of China.
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Oil bulls thought 2020 would be their year.
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Iran insists its nuclear activities are entirely peaceful. and has repeatedly refused to discuss its missile program.
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U.S. President Donald Trump on Friday criticized NASA for aiming to put astronauts back on the moon by 2024 and urged the space agency to focus instead on much bigger initiatives like going to Mars.
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The Persian Gulf Petrochemical Industries Company (PGPIC). Iran’s largest petrochemical holding group. will continue with calm and according to its previous plans of development. CEO of the holding Jafar Rabiei announced after the recent US sanctions.
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The US move is an instance of economic terrorism and in line with the hostile policies of the White House towards the Iranian nation.
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