Trump Administration Examines Path to Waive Iranian Oil Sanctions

OIL DERRICKS

India had thus far not publicly articulated its stand on the issue, but with the advance orders placed for November, has made it clear that India will not "zero out" its oil intake from Iran.

US crude was down $1.14 at $73.20. "We will be guided by our national interest", he said.

The first piece of bearish news weighing on prices today is the report that a US government official said on Friday that the country could consider exemptions for nations that have already shown efforts to reduce their imports of Iranian oil.

"Iran has been off-and-on taking rupee payments for oil it sells".

This comes amid reports that the Trump administration will not completely cut off Iranian oil exports on November 4 - there will be a transition period.

Iran's crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from United States sanctions and throwing a challenge to other OPEC oil producers as they seek to cover the shortfall.

President Donald Trump has said the Iran oil sanctions are meant to isolate the regime in that country and force them to negotiate a new nuclear deal.

"What the Saudis had been supplying the market with, were not from Riyadh's spare capacity but from tapping its oil stocks", Zanganeh said, according to the website.

XXXTentacion's Mom Accepts Post-Humous Award at 2018 AMAs
Additionally, several of gospel and R&B's heaviest hitters will assemble for what's sure to be a touching Aretha Franklin tribute. The singer racked up wins for favourite pop/rock album for " reputation ", tour of the year , and artist of the year .

Best deals & offers- Amazon Great Indian Festival and Flipkart Big Billion Days
For them, Amazon India will go live with the sale along with some special deals on 12 hours earlier on October 9 at 12 noon. It had also teased the upcoming pricing for the Realme 1 and Redmi Y2 . "Here are the top 10 'Prime Early Access Deals ".

Fortnite Deep Freeze Bundle Announced
While this amount is not enough to buy a rare, epic, or legendary skin, players can use it to purchase the season 6 Battle Pass. This skin looks similar to Havoc outfit which was released in the Twitch Prime back a few months ago.

New Delhi and Tehran have reportedly discussed reverting to rupee trade after November 4.

"This time round, because there is so much less of a consensus on the sanctions from other countries, there will be even more of a push to obtain exceptions or find ways to walk around the sanctions". Last week, the Saudis hastened to inform the market that they are now pumping 10.7 million bpd-just shy of the all-time record high-and could even tweak that 10.7 million "slightly higher" next month. "State's been pushing very hard on this, they deserve a lot of credit for their efforts, so let's see what they come up with before criticizing".

The US expects all countries, including India, to reduce their Iranian oil imports to zero.

"These officials are planning to announce that it's OK to give banks waivers because re-imposed sanctions on businesses are sufficient", the source explained.

Besides, New Delhi sought to get around the restrictions by supplying goods including wheat, soybean meal and consumer products to Iran in exchange for oil.

India is the world's third-largest oil importer, and Iran's second-biggest oil customer after China.

Iran was exporting between 2.5 and 2.7 million bpd in April before the USA announced the return of sanctions.

Related News:

  • Virgil van Dijk on the games which will define Liverpool’s title bid

    Virgil van Dijk on the games which will define Liverpool’s title bid

    Van Dijk was relieved his mistimed tackle on Leroy Sane did not prove too expensive as Liverpool and City drew 0-0. I [asked] him: "'Big one?' and he said: "'I don't think so, but big enough that I go off'".
    China shares tumble despite central bank's move to aid economy

    China shares tumble despite central bank's move to aid economy

    But the RRR cut did little to calm nerves when stock markets in Greater China stumbled at the start of the week's trading. However, the move has already faced heavy criticism from a number of analysts.
    Fernando Alonso says penalty shows 'how bad Formula One is'

    Fernando Alonso says penalty shows 'how bad Formula One is'

    When asked in what way he meant "bad", he replied: "In the decisions, in the randomness, in the pure consistency". The McLaren driver was philosophical about the collision, refusing to blame Stroll.
  • Samantha Markle claims she wasn't turned away from Kensington Palace

    Samantha Markle claims she wasn't turned away from Kensington Palace

    Samantha, along with Meghan's father Thomas Markle , did not attend Meghan's nuptials in May. Samantha explained: "I was very respectful and I went there to deliver a letter".
    Scientist: Tuesday, October 8, meteor shower Draconid will be the most active

    Scientist: Tuesday, October 8, meteor shower Draconid will be the most active

    According to EarthSky.org, the Draconid meteors burst out into the skies near the Draco stars of Eltanin and Rastaban. The Draconids are best seen in the evening hours when the skies are darkening enough to pick out individual meteors.
    PSN Name Changes Are Finally Coming

    PSN Name Changes Are Finally Coming

    If this is an issue, you can revert back to the original name for free at any time (but just once during the preview program). All PSN users will be able to change their name once for free, though each subsequent change will cost money.
  • Apple Watch Daylight Savings bug causes crashes in Series 4 models

    Apple Watch Daylight Savings bug causes crashes in Series 4 models

    The Watch costs $399 and comes with top features like ability to take ECG, fall detection, improved speaker, watch OS 5 and more. According to 9To5Mac report, the issue is happening because the watch face is active with the Activity complication.
    Top US cardinal

    Top US cardinal "welcomed" pope's steps to address sex abuse

    McCarrick escaped being sanctioned because "at that time, unlike today, there was not sufficient proof of his alleged guilt". Since then, another man has come forward saying McCarrick molested him when he was a young teen.
    Ballon d'Or 2018: Alisson and Benzema among first five nominees

    Ballon d'Or 2018: Alisson and Benzema among first five nominees

    Other nominees are Pernille Harder, Lindsey Horan, Fran Kirby, Sam Kerr, Lieke Martens, Megan Rapinoe and Christine Sinclair. Liverpool's Brazilian forward Roberto Firmino and Uruguay's rugged defender Diego Godin of Atletico Madrid also got the nod.
  • The Ten Best Google Pixel 3 Plans In Australia

    On Monday, the company admitted it had exposed data on half a million accounts - and didn't disclose it for months. Don't want the camera on? There is a 12MP rear-facer on both handsets, while facing forward are two 8MP cameras .
    Google shuts down Google+ following massive security flaw

    Google shuts down Google+ following massive security flaw

    The data involved was limited to optional profile fields, including name, age, gender, occupation and email address, Google said . Google's excuse is that it found no evidence of any of the data being misused, however, it also has no way of being sure of that.
    Ex-Aussie opener Hayden fractures neck in surfing accident

    Ex-Aussie opener Hayden fractures neck in surfing accident

    He finished his career as one of Australia's best test openers, with 30 centuries and a batting average of more than 50. I was speared into the top of the sandbank onto the top of my head.


Most liked

How to be a better friend to someone with mental health issues
According to the global agency, 10 to 20 per cent of children and adolescents worldwide suffer from mental disorders. For more information or professional help, visit their website .

Supercharged overnight, Hurricane Michael menaces Florida
This is a serious situation for the Florida Panhandle and downstream areas in southeastern Alabama, Georgia, and the Carolinas. A red flag, warning of unsafe conditions, is seen as Hurricane Michael approaches Panama City Beach, Florida, U.S.

Five killed in torrential rainstorms in Majorca
Other victims were found in Arta and the coastal town of S'illot, where the overflowed creek reaches the sea. Antonia Bauza, the deputy mayor of Sant Llorenc, confirmed two of the victims were British nationals.

Pet Sematary Trailer: What’s Dead Should Stay Dead
Check out the trailer below and get ready because very soon we'll have a full report from the set of the Stephen King adaptation. Jason Clarke and Amy Seimetz play Louis and Rachel Creed, the mom and dad of a young family that's new to this country road.

DUP 'could vote against the Budget' over Brexit deal
Earlier in the day, she told BBC Radio Ulster that it is "eminently possible" to reach a Brexit deal that "works for everyone" with weeks.

Google's Pixel 3 event in 6 minutes
Beyond the tablet experience, the Pixel Slate can be paired with the Pixel Slate Keyboard, which is a folio-style keyboard cover. Both Pixels run Google's Android 9.0 OS and offer dual front-facing cameras and wireless charging for the first time.

Ignore even more phone calls with Google's 'call screen' feature
Google says the Pixel Visual Core chipset that handles imaging is back but we are not sure if this is the same or an upgraded one. The new large-sized displays and other features of the smartphones are definitely the aspects that will draw maximum attention.

USA intercepted Saudi plans to capture missing journalist, report says
He has been critical of some policies of the Saudi Crown Prince Mohammed bin Salman and Riyadh's intervention in the war in Yemen. Turkish President Recep Tayyip Erdogan has demanded Saudi Arabia explain what happened to Khashoggi, whom he called a "friend".

Japan now has the world's most powerful passport
As a result, while SA is ranked at 52, there are actually 95 countries with stronger-rated passports on the index. The Henley Passport Index measures how many countries each passport allows its holders to access visa-free.

International Monetary Fund gives credit for reforms under Modi, projects India as fastest growing
The S&P 500 index edged 0.1 percent lower to 2,884.43, while the Dow Jones Industrial Average gained 0.2 percent to 26,486.78. The Trump administration has penalized almost half of all imports from China and has threatened more for the other half.

Branson: Virgin Galactic To Put People In Space in 'Weeks, Not Months'
Blue Origin, owned by Amazon founder Jeff Bezos , has said it aims for test flights by the end of 2018. Space tourism has turned into a hot commodity in recent years.

Google reveals new Pixel phone, speaker to chase Apple, Amazon
Google is adding multi-room audio support, effectively bridging the gap between the Chromecast and the Chromecast Audio. The updated Google Chromecast missed out on stage time at Google's event, but is worthy of attention all the same.

Watch 2018 American Music Awards live stream online
Additionally, several of gospel and R&B's heaviest hitters will assemble for what's sure to be a touching Aretha Franklin tribute. For a lot of us, we may never find a candidate or party with whom we agree 100% on every issue, but we have to vote anyway.

Bill and Hillary Clinton Launch International Tour: An Evening With the Clintons
Former President Bill Clinton and former Secretary of State Hillary Clinton are going on tour and making a stop in Boston. Tickets for the Clintons' tour will be available starting this Friday, October 12, at 10 a.m., per the tour's website.

Banksy reveals how he concealed shredder in painting after auction house stunt
Banksy shared a video on his Instagram account showing him making the frame with an inbuilt shredder . Art prankster Banksy has struck again.