Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain.
In a statement to Reuters on Saturday, Salame said that if the matter is not resolved today, it will be discussed on Sunday in the Berlin summit.
Libya’s national oil company has declared a “state of emergency” after exports of its oil from the ports in the eastern part of the country were blocked by forces loyal to the Libyan National Army’s General Khalifa Haftar.
The Petroleum Facilities Guard – a militia that controls major export terminals in eastern Libya – has ordered local subsidiaries of the National Oil Corporation (NOC), who run them, to cease all operations, the firm said in a statement.
The United States is working closely with China to have it cut off altogether imports of Iranian crude oil, as the U.S. steps up sanctions pressure on the Iranian regime, U.S. Secretary of the Treasury, Steven Mnuchin, told Fox News’ ‘Sunday Morning Futures’.
This year’s turbulent events in the Middle East—a major source of oil supply for the world’s largest oil importer, China—have had Beijing scrambling to salvage the Iran nuclear deal after the U.S. assassinated Tehran’s top military commander.
At the same time, China has significantly reduced its crude oil imports from Iran in recent months because of the U.S. sanctions on Iranian oil exports.
On Tuesday, the three European signatories to the Iran deal — France, Britain and Germany — formally triggered the dispute mechanism, which accuses Iran of violating the agreement and could lead to the restoration of the anti-Iran UN sanctions that had been lifted by the JCPOA.
Tehran has particularly been disappointed with the European trio’s failure to protect its business interests under the deal after the United States‘ withdrawal.
After patiently watching for more than a year and seeing no clear action from the other signatories of the nuclear deal, Iran invoked Articles 26 and 36 of the Joint Comprehensive Plan of Action (JCPOA) to let go of some of the limitations put on its nuclear work.
The State Department warned that the U.S. could shut down Iraq’s access to the country’s central bank account held at the Federal Reserve Bank of New York, a move that could jolt Iraq’s already shaky economy, the officials said.
Israel’s security apparatus and its over-collaborative judiciary would do well to look up, then commit to memory, the words of U.S. Supreme Court justice Louis Brandeis: „Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants.“
Iranian President Hassan Rouhani says the United States knows it cannot bring the Islamic Republic to its knees through its maximum pressure policy.
Lavrov made the comments on December 30 after meeting in Moscow with Iranian Foreign Minister Mohammad Javad Zarif, who said that the European signatories to the deal were „not taking any practical steps“ to support it.
„The ship’s 16 crew who are of Malaysian nationality were arrested,“ the Guards‘ naval commander for the region, Brigadier-General Ali Ozmayi, was quoted as saying.
Abu Musa is one of three islands in the southern Gulf that are under Iranian control but claimed by the United Arab Emirates.
Hong Kong (CNN) At the start of this year, as Zimbabwe cut off internet access across the country following anti-government protests, the internet pressure group Keep It On warned that such „shutdowns must never be allowed to become the new normal.“
Twelve months later, however, that’s exactly where we are.
But the court ruled that authorities had failed to follow proper procedures in revoking a previously issued license allowing the sale of 110 vehicles to Saudi Arabia, 10 of which had already been sent by the end of last October.
The Pentagon’s deployment of new radar, air defense and other military assets to the Gulf nation was discussed during talks Gen. Mark Milley, chairman of the Joint Chiefs of Staff, held with Saudi officials this week.
Milley, in his first visit to this key U.S. ally since becoming President Trump’s chief military adviser this fall, met with Crown Prince Mohammed bin Salman and other leaders during his visit.
Despite harsh language criticizing what Beijing calls U.S. interference in China’s domestic affairs, and a second summoning of the U.S. ambassador in a week, China’s leadership still wants a deal to help alleviate pressure on its fast-weakening economy.
China’s thirst for Saudi Arabian oil continues to grow on the back of massive refinery joint ventures, and the nation is also drawing more crude from Russia, as imports from the U.S., Iran and Venezuela dwindle, fresh Chinese customs data for the year to November show.
Increasing wages increases consumption. Because 22% of consumption is imported in Germany – and because increasing wages doesn’t increase exports: if anything, the opposite – Germans having more money in their pockets will lead to them buying more foreign goods, reducing the current account surplus.
This won’t be easy to execute. There is a deep bipartisan consensus in Germany to maintain the status quo.
Egypt has become the second biggest customer of the German weapons industry with €800 million ($880 million) in purchases, according to the government’s arms exports report for the first half of this year.
The UAE, another actor involved in the Yemen conflict, ranked sixth among the biggest customers, with Berlin approving the sale of more than €206 million (over $226 million) worth of arms exports to this country.
Instead of growing the economy by state backing and export-led growth as competitors have done, we’re left behind clinging to a protectionist bloc designed to protect French agriculture and German manufacturing at our expense.
We want to stay in the Single Market but ignore the fact that we’re running a £100 billion trade deficit in goods with it. That means the export of jobs, money and economic demand primarily to Germany.
It also urged EU Member States to halt exports to Egypt “of arms, surveillance technology and other security equipment that can facilitate attacks on human rights defenders and civil society activists,” and for “the EU to implement in full its export controls vis-à-vis Egypt with regard to goods that could be used for repression, torture or capital punishment.”
“If anyone thinks that seizing tankers and attacking oil infrastructure can in any way affect cooperation between Russia and our Arab friends, Saudi Arabia and the UAE, that they can undermine or break down our cooperation with OPEC+, then they are profoundly wrong,” said Putin, addressing a question on regional security.
“On the contrary, we will forge ever closer ties because our main goal is to stabilize global energy markets,” he added, saying that Russia remained committed to the initiatives of the OPEC+ group of oil producers driven by Saudi Arabia’s Crown Prince Mohammed bin Salman.
During the talks with King Salman bin Abdulaziz Al Saud, the current state of and prospects for multifaceted Russia-Saudi Arabia cooperation, including in trade, the economy and investment, are expected to be reviewed.
There will be an exchange of views on pressing issues on the international agenda, primarily the situation in the Middle East and North Africa.
Russian President Vladimir Putin will begin his visit to Saudi Arabia, which has suffered from an attack on its oil facilities a month ago. He has one thing in his mind – touting Russia’s missile defense system.
At the request of U.S. Central Command, Secretary of Defense Mark Esper authorized the deployment of additional U.S. forces and the following equipment to the Kingdom of Saudi Arabia:
Officials in Beijing didn’t immediately acknowledge their decision. Phone calls to the CNPC rang unanswered on Sunday and its website bore no mention of the withdrawal.
However, Iranian Foreign Minister Mohammad Javad Zarif separately complained Sunday about the U.S. campaign against Tehran and its impact on foreign investments.
No10 sources said Mrs Merkel told the premier during the 30-minute showdown that the province must remain within the EU’s customs union indefinitely.
BEIRUT — Syria and Iraq announced the reopening of a border crossing between the two countries Monday, a step toward the normalization of Iraq’s relationship with its western neighbor and a boost to Iran, which will now have an open corridor into Syria.
The crossing, which Iraqi officials declared open for travellers and trade, is crucial for Iran’s bid to cement its growing sway over a corridor of territory from Tehran to Beirut.
The opening of the crossing signified „the victory of the Iraqi and Syrian people over all terrorist groups, especially Daesh,“ said Syrian Interior Minister Mohammad Khaled al-Rahmoun, using a term for Islamic State.
(25. Dezember 1992)
Mr. Weinberger was scheduled to stand trial on Jan. 5 on charges that he lied to Congress about his knowledge of the arms sales to Iran and efforts by other countries to help underwrite the Nicaraguan rebels, a case that was expected to focus on Mr. Weinberger’s private notes that contain references to Mr. Bush’s endorsement of the secret shipments to Iran.
Barr, who is scheduled to go before the Senate Judiciary Committee on Tuesday for his confirmation hearings, ran the Justice Department once before, under President George H.W. Bush.
Back then, the all-consuming, years-long scandal was called Iran-Contra. On Dec. 24, 1992, it ended when Bush pardoned six people who had been caught up in it.
„The Constitution is quite clear on the powers of the president and sometimes the president has to make a very difficult call,“ Bush said then. „That’s what I’ve done.“
According to Global Affairs Canada statistics, Saudi Arabia was the largest non-US export destination for Canada’s defence industry in 2018, receiving approximately $1.2 billion in Canadian military exports.
He elaborated that no „fancy“ systems are needed for this and that the quite simple and battle-proven Russian Pantsir S1 (NATO reporting name SA-22 Greyhound) systems with dual 2A38M 30 millimetre automatic cannons equipped with infrared direction finders would do the trick. Russia has been successfully using Pantsirs to repel frequent massive drone attacks on its Hmeymim base in Syria carried out by local militant groups.
Next month, President Vladimir Putin is set to visit Saudi and the Gulf, a chance to deepen cooperation on energy and oil, drum up investment and promote Russia’s Pantsir group of anti-UAV weaponry, the arms systems the state export company will put on display at the Dubai Airshow in November.
This entire narrative stinks. Seems to me that Trump’s continued refusal to start a unilateral military attack against Iran (despite implied Saudi urging) has stumped MBS (Saudi Defense Minister), and the whole war scenario now seems to be de-escalating.
Top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day after an attack on its processing facilities this month, sources told Reuters last week, although Saudi Aramco has yet to confirm it is fully back online.
„Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes,“ in the event of greater conflict with Iran, Saudi Crown Prince Mohammed bin Salman told CBS 60 Minutes.
The warning comes two weeks after a drone and missile attack on Saudi Arabia’s oil facilities that Riyadh and Washington blame on Iran.
Russia is set to be a major winner after an attack on Saudi Arabian oil facilities slashed production and ramped up tensions in the Middle East, analysts predict.
In a frantic day for the world’s markets, oil prices climbed by almost 15% Monday following the drone attacks on Abqaiq, Saudi Arabia’s largest oil refinery, which pumps around 5% of the world’s oil supply.
Blue and White party candidates have in recent days sent many messages to Mandelblit demanding that the case be reopened and that Prime Minister Binyamin Netanyahu’s role in the affair be re-examined.
Mandelblit wrapped up his investigation in Case 3000 months ago, concluding that Netanyahu was not involved in influence peddling in the sale of submarines by the German company ThyssenKrupp to Israel.
Oil prices tumbled more than 2 per cent on Wednesday after a report that U.S. President Donald Trump was considering easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about energy demand.
U.S. oil prices dropped more than 2% on Wednesday after Bloomberg News reported that President Donald Trump discussed easing sanctions on Iran in order to reopen negotiations.
WTI crude oil futures fell 2.9% to $55.75 a barrel, while Brent crude fell 2.28% to $60.96 a barrel.
First, we learnt that the economy overall expanded by 0.3 per cent in July, significantly faster than the 0.1 per cent expected, and better than most of our main rivals. Next, we found out that the trade deficit narrowed slightly as imports fell. Finally, we learned that employment was at record highs and that wages were still growing at record rates.
– Jeremy Corbyn delivered hard-Left attack on Boris Johnson in speech at TUC
– He said that the PM wanted a Brexit settlement to benefit his ‚wealthy friends‘
– Union baron Len McCluskey sent class war message ‚workers are coming for you‘
Let us be quite clear. The rearguard campaign to prevent a “no-deal” Brexit is merely a smokescreen for the real objective, which is to frustrate any Brexit at all and, in effect, overturn the referendum outcome.
How many times does this need to be restated? Germany desperately needs to change its economic model, now more so than ever as its own economy, that of the European Union, and the world as a whole, again teeter on the brink of recession.
Most of all, it needs to make itself more reliant on internal, domestic demand, and less on exports.
The announcement by government spokesman Ali Rabiei represent just the latest twist in the saga of the Adrian Darya 1, which had been known as the Grace 1 when authorities seized the vessel off Gibraltar on July 4, on suspicion of breaking European Union sanctions targeting Syria.
Russia’s far east may just be the beginning. ROSATOM has said that it’s in talks with potential customers for the floating power unit, and sees “significant market potential” in Southeast Asia, Latin America and Africa.
Oil plunged on Friday after China announced new tariffs on U.S. goods, including crude oil.
Helping to support the market are simmering tensions between the United States and Iran, with Iranian President Hassan Rouhani cautioning Washington against tightening pressure on Tehran.
President Trump on Friday pledged to respond to China’s latest round of tariffs “this afternoon,” further ratcheting up the trade war between Washington and Beijing.
China will impose additional tariffs on U.S. imports worth about 75 billion U.S. dollars in response to the newly announced U.S. tariff hikes on Chinese goods, the Customs Tariff Commission of the State Council announced Friday.
Government figures show that export licences worth £6.2bn have been granted to members of the Saudi-led coalition in the four years since the conflict began in March 2015.
The figure includes £5.3bn to Saudi Arabia, £657m to United Arab Emirates, £85m to Egypt, £72m to Bahrain, £40m to Kuwait and £142m to Qatar before it withdrew from the coalition in 2017.
Remainers pointing to soft economic numbers in the UK should note that trade between euro-zone member states fell by 6.6% in June compared to the same period last year. That was the fastest such contraction since 2013. Exports from the eurozone to the rest of the world also dropped by 4.7%, the fastest rate since 2016. The EU can’t blame the fall in intra-bloc trade on China…
The fact that there are no diplomatic ties between Israel and the UAE and other Persian Gulf countries has not prevented the shared interests of the countries in the region to forge an extensive unofficial relationship, including in business, military and political spheres. In the case of Israel and the Gulf states, one main shared interest is their mutual enemy: Iran.
However, as Haaretz points out, “it is interesting to discover that Israel’s name is totally absent from the hundreds of thousands of words describing the transaction in detail. The only mention of the country is in one document originating in Switzerland that describes the structure of AGT. It mentions in German that Kochavi is an Israeli citizen.”
The Israeli daily also notes that this deal is not Kochavi’s first project on behalf of the UAE, pointing to the installation of thousands of cameras, sensors and license-plate readers in Abu Dhabi in a bid to turn the capital into a “smart city”.
EUROPE’S largest economy Germany could crash into recession as car manufacturing growth plummets and Brexit cripples exports, its central bank has warned.
Bundesbank said that lower consumer spending and softer overseas demand has caused the economic downturn.
Some Britons may feel a touch of schadenfreude from seeing that the German industrial juggernaut is spluttering but its woes are a troubling symptom of a slowing world economy.
Authorities in Gibraltar were given permission by Gibraltar’s Supreme Court to detain the vessel until mid-August, with another hearing on the matter set for Thursday morning. The current detention order on the vessel expires on Saturday night.
After intense negotiations with Iranian authorities, CBS News was given rare access to Iranian-controlled waters in the Strait — one of the most volatile transit routes for the world’s oil supply.
About 14 tankers carry crude through the Strait every single day; a combined cargo value of $1.3 billion. It’s a lot of money, and there’s a lot of vested interest in ensuring the flow of tankers continues unimpeded.
“Any and every country that has an interest in freedom of navigation and freedom of commerce needs to really consider (being) involved in this type of monitoring of the strait,” he told reporters Tuesday, while en route to Tokyo for talks with Japanese Prime Minister Shinzo Abe and Defense Minister Takeshi Iwaya.
“If there happens to be a very unsafe situation we will consider having our navy escort our commercial vessels,” Ni told Reuters, while the Chinese Embassy in the United Arab Emirates said later in a text message to Reuters that China was studying the U.S. proposal on escorting commercial ships in the Gulf.
Saudi Arabia overtook Russia to become the country’s top supplier in June with 7.72 million tonnes, or 1.88 million bpd, up 84.1% from a year earlier and compared with 1.11 million bpd in May.
Arrivals from Russia reached 7.15 million tonnes, or 1.74 million bpd, up 45.5% from a year earlier and compared with 6.36 million bpd in May.
The move was suggested after a summit on Thursday between military chiefs from the US, UK, Europe and the UAE in Florida, where US admirals failed to persuade Britain to join its Sentinel operation.
On July 23, the Russian Foreign Ministry introduced the concept of collective security in the Persian Gulf. It stipulates creating an initiative group to organize an international conference on security and cooperation in the Persian Gulf, which will later lead to creating a security and cooperation organization in the region.
Chinese Ambassador to the United Arab Emirates Ni Jian informed Reuters of his country’s positions on regional maritime security in Abu Dhabi on Aug. 6, 2019. China’s embassy in the country subsequently provided additional details to the wire service via text message.
Bank of America Merrill Lynch warns the oil price could slip sharply if China buys Iranian oil.
Beijing could undermine Washington’s foreign policy stance by ignoring U.S. sanctions placed on Iran.
BofA is keeping its $60 per barrel price estimate in place for 2020.
Russian media said Moscow secured its first, and so far only, Iranian oil delivery in November 2017,
(This item is being updated.)
State TV quoted by Reuters said the Revolutionary Guard Corps‘ naval forces had „seized a foreign tanker in the Persian Gulf that was smuggling fuel for some Arab countries“.
It said the tanker was carrying 700,000l of fuel, adding that seven sailors had been detained.
The reported incident comes amid high tension after the US tightened sanctions on Iran’s oil sector.
Though Russia has been instrumental in protecting the Assad government, which appeared to be on the brink of collapse four years ago, it has also carefully cultivated a military relationship with Israel over the past decade.
After more than seven years of war, the skies over Syria are saturated with aircraft from multiple militaries and armed groups, each pursuing their own goals, including using the country as a weapons-testing ground.
Global stocks fell sharply on Friday after Donald Trump threatened to impose tariffs on $300bn (£247.6bn) of Chinese goods in a rapid escalation of the trade war between the world’s two biggest economies.
German carmaker’s CEO offers to travel to London to deliver message to PM saying ‘listen to business’
Chairman Cummings issued the following statement:
“Today’s report reveals new and extensive evidence that corroborates Committee whistleblowers and exposes how corporate and foreign interests are using their unique access to advocate for the transfer of U.S. nuclear technology to Saudi Arabia. The American people deserve to know the facts about whether the White House is willing to place the potential profits of the President’s personal friends above the national security of the American people and the universal objective of preventing the spread of nuclear weapons.”
The Committee’s second interim report is based on more than 60,000 pages of new documents produced to the Committee in response to requests that Chairman Cummings made to a host of outside companies about their involvement with plans to transfer U.S. nuclear technology to Saudi Arabia. The report states:
New documents and communications show that IP3, the private company lobbying the White House to transfer U.S. nuclear technology to Saudi Arabia, repeatedly sought a $120 million investment from Saudi Crown Prince Mohammed bin Salman. It is unclear if the company ultimately received the investment.
The paradox of the current GOP administration in power is that while Donald Trump gets up at the podium and brays “America First” he and his son-in-law and other minions can’t sell out our interests to foreign powers fast enough.
Thomas Barrack Jr., a top fundraiser and confidant of President Donald Trump, urged the administration to sell Saudi Arabia nuclear technology without restrictions designed to prevent the kingdom from developing nuclear weapons, according to a report released by House Democrats Monday.
The Senate on Monday failed to override President Trump’s vetoes of resolutions blocking his arms deal with Saudi Arabia, marking the latest setback for critics of Riyadh.
Senators voted 45-40, 45-39 and 46-41 on the override attempts, falling well short of the two-thirds majority needed to nix Trump’s veto.
„Freedom of navigation is crucial for the global trading system and world economy, and we will do all we can to defend it.
„The Department for Transport has therefore updated its advice to confirm that the Royal Navy has been tasked to accompany British-flagged ships through the Strait of Hormuz, either individually or in groups, should sufficient notice be given of their passage.”
Experts confirm that the attack was a well-planned operation. Pipes are at a depth of dozens meters underwater. Such a difficult mining mission can be completed only by trained and well-equipped specs. This fact excludes the operating of the irregular militants.
(24.06.2019) The network carries crude oil from the coast to tankers at the port of Banias. The port city houses one of Syria’s two refineries. The other is located in Homs, in central Syria.
Last month U.S.-led forces blew up three oil tankers in Syria in the latest push against the Syrian government which is fighting rebel groups in their last remaining stronghold in Syria, in Idlib.
Syria is heavily dependent on crude oil imports through the Mediterranean, with a lot of the oil coming from Iran.
The Syrian government has two big oil-producing friends, Iran and Russia. With the routes from the first apparently closed, it may have to turn to the second. This presents a new host of potential risks. Impounding an Iranian ship in the Strait of Gibraltar is one thing. Stopping a Russian ship in the Aegean Sea is quite another.
Analysis of oil tanker numbers at North Korea’s Nampho oil terminal compiled from over two and half years of satellite imagery shows continued and sustained activity at the site, despite strict UN sanctions restricting oil flows passed at the end of 2017.
The collection of over 300 images, taken at regular intervals between January 2017 and July 2019 by Planet Labs satellites, overall show an expanding oil loading facility growing to meet continual activity.
The U.S. and China are already embroiled in a tense trade war as Taiwan and other Pacific allies grow concerned about China’s growing military threat.
Earlier this month, the U.S. tentatively approved the sale of $2.2 billion in arms to Taiwan – a proposal that had prompted China to threaten sanctions against the U.S.
Now, thanks to new photographic evidence, the secret’s out.
Photos sent to the ABC from an anonymous source show the weapons systems awaiting export at Sydney airport.
Over the last two years, war-torn Somalia has emerged as a central battleground, with the United Arab Emirates and Qatar each providing weapons or military training to favored factions, exchanging allegations about bribing local officials, and competing for contracts to manage ports or exploit natural resources.
In an audio recording obtained by The New York Times of a cellphone call with the Qatari ambassador to Somalia, a businessman close to the emir of Qatar said that the militants had carried out the bombing in Bosaso to advance Qatar’s interests by driving out its rival, the United Arab Emirates.
After the dramatic hijacking of the Stena Impero oil tanker carrying 23 crew by Iranian Special Forces, top brass were last night devising a list of options for a rapid military response.
It is understood they will seek the green light to deploy Royal Marines on British vessels travelling through the Strait of Hormuz to act as a deterrent to further aggression.
Gibraltar said the Iranian vessel, seized by marines in a daring landing in darkness off the coast of the British territory on July 4, was suspected of smuggling oil to Syria in breach of European Union sanctions.
Foreign Secretary Jeremy Hunt is expected to announce a range of measures targeting the Iranian regime following the seizure of the Stena Impero on Friday Afternoon.
Mr Hunt is expected to urge the European Union to support British calls for a host of diplomatic and economic sanctions to target Iran- including reimposing restrictions which were lifted after Tehran signed the 2016 nuclear deal.
As activists prepare to hold another mass demonstration against the government’s handling of a now-suspended extradition bill, the government’s official logs reveal that in the first quarter of this year the UK approved an export licence for £1.9m of “telecommunications interception equipment” to Hong Kong. This was just weeks before protests against the controversial proposed treaty with mainland China began in March.
Zarif told Russia’s TASS: „We expect them to implement their obligations to normalize economic relations between Iran and other countries.“ He added: „The Europeans – both E3 and the entire EU – are part of it [the deal] and they have to implement their commitments.“
China imported 1.08 million mt, or 255,065 b/d, of crude oil from Iran in May, down 66.7% from the five-year high of 3.24 million mt in April as the US‘ sanction waivers for Iranian oil expired on May 2.
Russian media said Moscow secured its first, and so far only, Iranian oil delivery in November 2017,