Iranian oil minister call Trump’s order to OPEC…

Iranian oil minister call Trump’s order to OPEC…

Iranian oil minister call Trump’s order to OPEC…

"Saudi Arabia, and OPEC more broadly, would lose its key lever on the global oil market, which would leave prices heavily exposed in the case of an additional supply shock", the analysts added.

"Trump sends every day a new message that creates uncertainty in the oil market", Bijan Zanganeh said in an interview with Iranian broadcaster IRIB.

Trump's order to oil producing countries to raise output "is very insulting to the people of these countries and would undermine their national sovereignty and destabilize the oil market", he said.

When President Trump Tweeted last week that Saudi Arabia agreed to begin pumping additional oil to make up for the removal of Iran from the worldwide markets, the Saudis very quickly corrected him, saying that while they could increase capacity if needed, no promise to do so had been made.

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The royal couple with also meet with young people interested in coding when they visit the startup hub Dogpatch Labs in Dublin 1. Harry and Meghan's engagements will include official meetings with Taoiseach Leo Varadkar and President Michael D Higgins.

Hossein Kazempour Ardebili, Iran's ambassador to the OPEC, said the strong rhetoric by Trump against OPEC and oil producers could soon push up crude prices to as high as 100 USA dollars per barrel.

On Wednesday Trump took to Twitter to accuse Opec of "driving prices higher" and insisted there "must be a two way street".

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"Cushing is clearly screaming out for crude, with the prompt few months more than $2 backwardated", said Virendra Chauhan, an analyst at Energy Aspects in Singapore.

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The Iranian government has put several restrictions on the public role of women based on Islamic Sharia laws. She had posted around 300 videos on her account, many of which showed her dancing.

The United States in May said it was walking away from the 2015 nuclear deal between Tehran and world powers. Now after the U.S. pulled out from the Iran Nuclear Deal, India has been in a dilemma over India-Iran trade especially that of oil.

The International Energy Agency estimates OPEC members held 3.4 million bpd of spare capacity at the end of May, while their non-OPEC allies had no more than 330,000 bpd ("Oil Market Report", IEA, June 2018).

"There will remain no such organization (as OPEC) in the future after continuation of the sanctions" against Iran, he was quoted as saying.

"Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue from crude oil sales", a senior State Department official told a news briefing this month.

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Kavanaugh is a well-known figure in Washington and has been involved in some of the biggest controversies of the past two decades. Since the 2016 campaign, Trump has made his process for picking Supreme Court justices fairly transparent.

South Korean embassy in Tehran on Saturday denied that the country has stopped oil imports from Iran, IRAN Daily reported. "South Korea overall is lifting zero oil (from Iran) for July loading".

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