Pompeo talks tough on Iran while visiting the Emirates

11 July, 2018, 19:29 | Author: Eric Barnett
  • Iran promises to sell as much oil as it can in wake of US sanctions

The government of India, Iran's top oil client after China, asked refiners last month to prepare for drastic reductions or even zero Iranian oil imports.

While most of the lead-up to the North Atlantic Treaty Organisation summit this week in Brussels has centered around President Trump pushing military spending, and potentially being less hostile toward Russian Federation than the other nations prefer, Secretary of State Mike Pompeo has arrived in Brussels with a mission focused heavily on Iran.

On Tuesday, Iran's deputy ambassador and charge d'affaires, Massoud Rezvanian Rahaghi, clearly announced that India will lose its "special privileges" if it cuts down on its import of Iranian oil or if it tries to replace the oil with imports from Saudi Arabia, Russia, Iraq, the USA and others.

The Trump administration has moved in recent months to impose penalties on Iranian individuals and entities, and senior USA officials have said that Washington has begun pressing other countries to end Iranian oil imports by November.

The Iranian Deputy ambassador to India, Massoud Rezvanian Rahaghi said Iran will cut off privileges given to India if the oil market is saturated by other suppliers, such as Saudi Arabia, Russia, Iraq or the United States.

The secretary of State's comments came as the US steps up pressure on Iran after President TrumpDonald John TrumpMcConnell to meet with Trump's Supreme Court pick Tuesday Kavanaugh offers lengthy judicial record ahead of bitter confirmation fight Hundreds protest Kavanaugh's nomination outside Supreme Court MORE's announcement in May that he would withdraw from the 2015 nuclear deal with Tehran, which sought to curb Iran's nuclear ambitions in exchange for sanctions relief.


This means India, Asia's second-largest importer after China, will have to give up the euro payment mechanism for Iranian crude imports from November when USA sanctions against Iran come into force. The current payment mechanism involves Indian refiners transferring funds to SBI when they use Germany-based Europaeisch-Iranische Handelsbank to pay euros to Iran.

It began clearing the dues in 2015 when the restrictions were eased.

After Iraq and Saudi Arabia, Iran is India's third-largest oil supplier. To get around the problem, Iran supplied oil in its own tankers.

A senior Iranian diplomat has warned India that Tehran will end "special privileges" for New Delhi if it attempts to replace Iranian crude with supplies from Saudi Arabia, Russia and the United States, PTI reported.

State refiners, accounting for about 60 percent of India's almost 5 million bpd of refining capacity, lifted 10 percent more Iranian volumes in June compared to May, at about 454,000 bpd, the data from the sources showed.

India imports more than 80 percent of the oil it needs. Yet at the same time, the country has close ties with Iran. In November, deals involving Iran's oil and energy sector, shipping and ports, and insurance services will be prohibited.

Recommended:

  • New video shows Thai boys in good spirits, making victory signs

    New video shows Thai boys in good spirits, making victory signs

    They were taken by helicopter to a hospital about 70 km (45 miles) away to join their team mates in quarantine for the time being. The boys would have to stay in hospital for up to 10 days, hospital director Chaiwetch Thanapaisal told the news conference.
    American celebrating wedding anniversary killed in Mexico City

    American celebrating wedding anniversary killed in Mexico City

    Bureau of Consular Affairs confirmed the death and released the victim's name, Tatiana Mirutenko, in a statement. Mexican authorities say the 47-year-old man who was being targeted was injured but survived.
    Wales appoint another Kiwi to replace Gatland

    Wales appoint another Kiwi to replace Gatland

    The reflex reaction whenever a significant coaching vacancy crops up is often to look to New Zealand for candidates. Wayne Pivac has been appointed as the new Wales Rugby team head coach.
  • The world's oldest color was bright pink

    The world's oldest color was bright pink

    The first animals, which are either sponges or some sort of comb jelly , didn't appear until roughly 600 million years ago. Nur Gueneli says that these pigments were taken from marine black shales in the Taoudeni Basin in Mauritania, West Africa.
    Marcus Smart leaning toward accepting Celtics’ qualifying offer

    Marcus Smart leaning toward accepting Celtics’ qualifying offer

    The 22-year-old power forward averaged 15.3 points and 8.2 rebounds per game for the Golden Kings during the 2017-18 season. We are now getting more news and even a picture from the Athletic of Smart his agent and Nets GM Sean Marks .
    Liverpool in talks to sign Xherdan Shaqiri

    Liverpool in talks to sign Xherdan Shaqiri

    Liverpool have begun formal negotiations with Stoke City over the transfer of Xherdan Shaqiri , according to reports. A deal for the Lyon captain may yet be resurrected after France's World Cup campaign, however.
  • Newly crowned ‘World’s Ugliest Dog’ Zsa Zsa dies

    Newly crowned ‘World’s Ugliest Dog’ Zsa Zsa dies

    The victor of the 2018 World's Ugliest Dog competition, Zsa Zsa the English bulldog, has died aged 9. We were all saying our goodbyes and Mareslie went right over and gave her a kiss. "It was sweet.
    Federer's frosty response to Wimbledon, World Cup scheduling clash

    Federer's frosty response to Wimbledon, World Cup scheduling clash

    But Federer offered a contrasting view in his media conference following a 6-0 7-5 6-4 fourth-round win over Adrian Mannarino on Monday.
    Live Stream, TV Schedule for Tuesday's Semi-Final Game

    Live Stream, TV Schedule for Tuesday's Semi-Final Game

    Croatia are wary of the threat posed by England captain Harry Kane , who is the tournament's leading scorer with six goals so far. Seriously it's our time - LETS GO ENGLAND '. "It has been a few years since he said what he said about me.
  • Newborn killed in North Dakota storm

    Newborn killed in North Dakota storm

    He has been staying along with dozens of others at the Watford City Civic Center where the Red Cross has established a shelter. North Dakota Governor Doug Burgum will travel to Watford City later today to survey the Prairie View RV, KXMB reports .
    Damian Lillard reiterates commitment to Portland Trail Blazers

    Damian Lillard reiterates commitment to Portland Trail Blazers

    But Lillard acknowledged the difficulty of signing free agents, especially in the loaded Western Conference. The Pelicans were also a great offensive team but they also were a great defensive team.
    3 reasons the Sixers should trade for Kyle Korver

    3 reasons the Sixers should trade for Kyle Korver

    However, that does not mean they aren't open to trading some of the veterans still remaining on their roster. That has obviously happened, so Hill is at minimum on the trade block with a 2018-19 salary of $19 million.


Popular

Na wins by five at Greenbrier
Putting the work in, knowing I'm working as hard, if not harder, than I ever have. "This is what I get so pumped up to do". Varner is looking for his first win on the PGA Tour and will be in the final pairing along with co-leader Kelly Kraft .

Shark bites University of Miami student in Bahamas
The shark grabbed her and took her under the water. "They are wild animals, and it's an uncontrollable situation", she said. She said she later learned that the risk of infection meant she could have lost her arm or her life.

Gary Neville's World Cup predictions are very impressive in hindsight
Cars are decorated with red-and-white chequerboard flags and football jerseys are being sold in large numbers. It was a very tough game against 50,000 people at the stadium. "We have proved we are a football nation".

Meghan Markle STUNS in dress as Prince Harry says ‘IT’S COMING HOME’
Meghan stunned during the meeting at President Higgins' official Aras an Uactharain residence with an off-the-shoulder grey dress. This will include a Gaelic sports festival at Croke Park, the home of the Gaelic Athletic Association.

Loris Karius Makes Another Howler For Liverpool Against Tranmere
Ben Tollitt, who appears to be a Liverpool supporter, could be seen mouthing an insult at Karius after he dropped the clanger. He said: "No one likes that goal but, if we talk about that, then the second goal is Milly's [James Milner's] fault".

As his options fall away, Ricciardo expects to remain a bull
On the straights it's like you are driving in a different series", Max was quoted by PlanetF1 after the race. "I tried to do a one-stop.

Riyad Mahrez To Have Medical At Man City This Week
Riyad Mahrez looks set to complete his long-awaited move to Manchester City later this week, according to Sky sources. Mahrez, who signed from Le Havre for just £400,000 in 2014, has made 179 appearances for Leicester, scoring 48 times.

Sei Young Kim Destroys LPGA Tour Scoring Record with NineShot Victory
Her last LPGA victory was in May 2017 when she beat Ariya Jutanugarn at the Citibanamex Lorena Ochoa Match Play. Kim notched her seventh LPGA victory and her first since the Lorena Ochoa Match Play in Mexico previous year .

North Atlantic Treaty Organisation summit: Donald Trump says Germany is 'captive of Russians'
And I think you can have no doubt, Mr President, that this is an investment in common American and European defence and security. Many US presidents have urged European governments to spend more on their militaries.

KL Rahul strikes career-best shot in ICC’s latest T20I rankings
For this, apart from the players themselves, the selectors and the chief selector Inzamam-ul-Haq must all be congratulated. This is Pakistan's ninth successive T20 series win and has helped the team retain their top position in the T20 ranking.