India to buy 12 percent less Iran oil in April versus March

Iran warns of firm response if Israel acts against oil shipments

Peyman offered to "continue to closely consult on the extension of sanctions exemption and Korean companies' technical issues regarding trade with Iran", Seoul's foreign ministry said in a statement.

The sources said the U.S. could achieve this by urging the importing countries (including the biggest buyers China and India) to reduce their purchases in an exchange for the USA sanctions waivers.

While U.S. crude oil production growth is mostly light crude grades, as opposed to the heavy crudes of Venezuela and Iran, gushing American output has still been capping oil prices.

Iranian officials have threatened to block the Strait of Hormuz, a major oil shipping route in the Gulf, if the United States attempts to stop the Islamic Republic's oil exports. "We are in talks with them and let's see what happens, let's wait for the result", Indian petroleum secretary M. M. Kutty was quoted saying during his official visit to U.S.

The United States aims to cut Iran's crude exports by about 20 percent to below 1 million bpd from May by requiring importing countries to reduce purchases to avoid USA sanctions, two sources familiar with the matter said.

The U.S. sanctions have also resulted in stalled early negotiations between Iran and South Korea for new supertankers, while Panama has de-flagged many Iranian ships from its registry, according to Reuters' sources. "All in all, therefore, the net result of the Trump administration's move against Tehran has led to the strengthening of economic ties between India and the Islamic Republic", he wrote.

Washington may also deny waivers to some countries that have not bought Iranian crude recently, the sources said.

Harry and Meghan to get own royal household in split from Cambridges
Prince William and Kate Middleton's office will remain in Kensington Palace. Ms Latham will report directly to the Queen's communications secretary.

Hundreds set to skip classes for climate strike
The Scottish Greens claim nine councils have now indicated that pupils taking part in the protests will not face punishment. More marches were planned throughout Europe and the United States later on Friday, while Asia and Oceania also protest.

This is how Bellingham students are protesting inaction on climate change
Mr Oevstegaard added: 'Greta Thunberg has launched a mass movement which I see as a major contribution to peace'. Today's protest, which will be mirrored by young activists around the world, is slated to be even bigger.

It is believed that more than 15 Iranian tankers are coming up to 20 years old. Most Europeans, as well as Japan and South Korea, have stopped.

He said these tankers can no longer be insured by global companies and are likely to be insured by Iranian firms. A third Iranian official said talks were still ongoing.

In November, US Special Representative for Iran Brian Hook called Iranian vessels a "floating liability", saying the US sanctions would bar them from global insurance markets, making them a risk for ports and canals which allow them access.

Vietnamese officials did not respond to requests for comment.

Iran has more than 50 tankers, but this month, for example, it's using 12 of those to store oil in floating storage at sea, according to MarineTraffic data cited by Reuters. The Trump administration on 4 March made a decision to end preferential trade treatment for India - an arrangement that allowed for duty-free entry of up to $5.6 billion worth of Indian export products into the US.

"The biggest problem for insurers these days is finding a bank willing to handle a payment for goods or services where the beneficiary is designated by the U.S.", said Salthouse, chairman of the International Group's sanctions sub-committee.

"Banks will not engage when you mention the Iran word".

Related:

  • Earl Thomas and Ravens agree on $55 million deal

    Earl Thomas and Ravens agree on $55 million deal

    The Browns felt good about their chances of landing Thomas, Jason La Canfora with CBS Sports reported Tuesday night. Shortly after being released, Weddle signed a free agent contract with the Los Angeles Rams .
    Bouncer king Wagner demolishes Bangladesh as New Zealand take series

    Bouncer king Wagner demolishes Bangladesh as New Zealand take series

    Williamson may delay his departure for the Indian Premier League after he was injured in a Test match against Bangladesh. Neil Wagner celebrates the wicket of Mominul Haque during the Black Caps' second Test against Bangladesh in Wellington .
    Steam Now Lets You Stream Games From Anywhere

    Steam Now Lets You Stream Games From Anywhere

    Steam Link is available to download on the Google Play Store , except for the iOS App Store. For Android users you need to be on the beta version that is from March of this year.
  • Félicité Tomlinson, Louis Tomlinson's Sister, Dead At 18

    Félicité Tomlinson, Louis Tomlinson's Sister, Dead At 18

    Felicite , who was also known as Fizzy, was an aspiring fashion designer and Instagram influencer with 1.3 million followers. On 30 January, she posted a picture of a row of tattoos on her forearm, which she said were the initials of all her siblings.
    Facebook Loses Longtime Product Chief as It Revamps Strategy

    Facebook Loses Longtime Product Chief as It Revamps Strategy

    Cox joined Facebook in 2005 and is largely responsible for the News Feed, one of Facebook's foundational features. Media reports cite sources inside Facebook who said the new privacy focus was partially why Cox chose to leave.

    How Home-based Business Can Benefit from Coworking Spaces

    More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.
  • UEFA Opens Probe Into Neymar's Referee Rant

    UEFA Opens Probe Into Neymar's Referee Rant

    Neymar was reportedly restrained by club staff as he confronted referee Damir Skomina after the game in a furious tunnel bust-up. Neymar missed both legs of the tie after injuring his foot in January.
    Real Madrid agree deal for defender Eder Militao from Porto

    Real Madrid agree deal for defender Eder Militao from Porto

    Barnett told Sky Sports News earlier this month his client's treatment has been " nothing short of a disgrace ". That's the revelation made by Jonathan Barnett, Bale's agent.
    Texas Democrat Beto O’Rourke announces 2020 presidential run

    Texas Democrat Beto O’Rourke announces 2020 presidential run

    The Iowa trip will be the first test of whether O'Rourke can convert the enthusiasm he built in Texas to the national stage. With his presidential effort, O'Rourke is hoping to leverage the fame he gained with his Senate race.
  • YouTube Premium and Music launch in India with competitive pricing

    YouTube Premium and Music launch in India with competitive pricing

    YouTube Music Premium subscription allows the users to play songs and videos in the background with the YouTube Music app. This challenge exists because Indians are accustomed to getting free music streaming services (but with advertisements).
    Solar storm WARNING: Apocalyptic storm that hit Earth could again

    Solar storm WARNING: Apocalyptic storm that hit Earth could again

    The scientists detailed their findings online March 11 in the journal Proceedings of the National Academy of Sciences . They said that depending on the form it took, a repeat could cripple communications.

    Money Saving Tips for Business Owners

    JJBender.com is a trustworthy and reputable source of used office equipment that offers a wide variety of products. And in today’s economy, every small business owner is looking for ways to save money and reduce expenses.

Comments

Latest news

Ten Kids Arrested In India For Playing PUBG
Police said the accused did not even realise that the police team was approaching them to make arrests while playing PUBG Mobile . Gujarat is the only state in India to have banned PUBG , which a local minister described as "a demon in every house".

Huawei has backup Android plan
In the few months before the trade ban was lifted , the company was affected so badly that it ceased major operating activities. The company wrote in its lawsuit that the U.S. "unconstitutionally singled out Huawei for punishment".

Scientists: Apple AirPods and Wireless Headphones May Cause Cancer, Brain Damage
The petition too said The International Agency for Research on Cancer determined recently that EMF to humans is 'possibly carcinogenic'.

Los Angeles Lakers snap five-game losing streak against Chicago Bulls
But what everyone will be talking about from this game was four points in particular, which came via two electric dunks. Ryan Arcidiacono drew the start on Sunday and there were more minutes for Wayne Selden and Shaq Harrison off the bench.

Indian Wells: Novak Djokovic and Fabio Fognini book semi-final spot
Of course, playing the top guys is always a big pleasure, but most of the time they beat you", Kohlschreiber said on court. A year before that in Indian Wells, Kohlschreiber celebrated his 400th match win. "I think I played a very solid match".

Oil rises to $67 on cuts to Saudi, Venezuelan exports
Distillate fuel inventories gained a modest 400,000 barrels, after falling by 2.4 million barrels in the last week of February. On London-based ICE Futures, the price of Brent crude oil to be delivered in May advanced by $0.77, to $66.58 a barrel.

Vietnam urges Malaysia to free 2nd woman in North Korean killing
Salim said Huong should also be accorded the same treatment although both were charged separately, but a joint trial was held. Foreign Minister Pham Binh Minh made the plea in a phone call Tuesday with his counterpart, Saifuddin Abdullah.

Donald Trump blasts May over her handling of Brexit - ‘She didn’t listen!’
He also warned of tariffs being applied on the European Union if trade talks with the United States falter. She told BBC News NI that she would "very much" like to se the U.S. president visit Northern Ireland.

Man Utd, Barcelona, Arsenal & more learn quarter-final & semi-final fate
The arrival of Ole Gunnar Solskjaer has rejuvenated the Red Devils, after Jose Mourinho's controversial spell in Manchester. The biggest result was Ajax seeing off defending champions Real Madrid in incredible fashion at the Santiago Bernabeu.

Rennes defender Damien de Silva: We couldn't handle Arsenal pressing
And, according to Goal France , the Gunners made a move after seeing Sarr run their defence ragged in the first leg of the last-16 tie.

Best cities for expats: three Swiss destinations among top ten
Vienna is in the first place, followed by Zurich (Switzerland), Vancouver (Canada ), Munich (Germany), Auckland (New Zealand). Tokyo, Kobe, Yokohama, Osaka, and Nagoya followed Singapore lead on Mercer's quality of living survey.

Vietnamese woman in assassination trial denied freedom
Analysts have said the case against Aisyah appeared weaker since there was no video evidence of her accosting Kim at the airport. He had been living overseas for years but could have been seen as a threat to Kim Jong Un's rule.

Foot over bridge near VT Railway Station in Mumbai collapses
Arvind Sawant, the local Shiv Sena MP, said, "This bridge was under minor-repairing after the audit of all bridges in the city. Rajesh Das, a labour who visited Mumbai for work said, "Along with two other friends I was going to Kolkata".

Southern Africa: Cyclone Idai Snapshot (as of 12 March 2019) - Malawi
A light aircraft has been dispatched with a team of specialists to Malawi to establish the exact humanitarian assistance required. This system turned around and once again came back to Mozambique Channel and received warmed waters resulting in strengthening.

The Essentials of Being an Eco-Friendly Hotel
Conserve Energy Lights, water heaters, and air conditioning units, among other things, consume the most electricity in hotels. Through these actions, the hotel can build a better name by showing its clients how it values environmental sustainability.

Other news