Tag Archives: Reuters International News Agency

The third step in reducing commitments to (the nuclear deal) will be implemented in the current situation.

Five waivers were still extended and are set to stay in place at least for another 90 days.

The closing date for applications will be Sept. 5. the 35-nation Board of Governors decided in its meeting on Thursday.

The biggest supply drop came from Saudi Arabia. which has cut supply even further below its OPEC target in a bid to reduce oil inventories.

For Russia. the ongoing OPEC+ production cap deal allows it a lot more flexibility that it allows Saudi Arabia.

Oil is heading for its second monthly loss this year as a gloomy economic outlook eclipses concerns crude flows may be disrupted from the Middle East.

China has criticized Washington’s use of sanctions against other states.

The sanctions had driven away most of the country'.s foreign customers and operators.

Iran’s mission urged all actors to abstain from compromising the safety. security and stability in the volatile Persian Gulf region and specifically in the Strait of Hormuz.

To resolve the stand-off. Iran is considering sending fuel to the stranded ships.