Bolton says 'it's possible' US will sanction European companies working with Iran

Bolton says 'it's possible' US will sanction European companies working with Iran

US President Donald Trump's decision to reimpose sanctions on Iran is forcing global shipping companies, traders, insurers and banks to look at pulling the plug on business with Tehran, it emerged yesterday.

Also supportive to prices was data from market intelligence firm Genscape showing that inventories at Cushing, Oklahoma, the delivery point for U.S. crude futures, fell more than more than 400,000 barrels in the week to May 11, according to traders who saw the data. However, there were signs that other members of the Organization of the Petroleum Exporting Countries (OPEC) will raise output to counter the Iran disruption.

"Remember how badly Iran was behaving with the Iran Deal in place", he tweeting. Building a much larger permanent embassy - and spending as much as a billion dollars to do so - could take another ten years, by which time Trump's time in office will have ended.

But Bolton didn't rule out sanctions for European companies doing business with Iran.

"The wealth that was created in Iran as a result of the JCPOA drove Iranian malign activity".

All key crude oil futures contracts saw traded volumes jump as speculators took on new positions in the hope of profiting from rising prices while refiners hedged to protect themselves from higher feedstock oil prices.

Macron and Trump also discussed trade issues.

But analysts said Iran was determined to maintain the moral high ground in the coming weeks.

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With no operations in the United States, Mr. Li was not concerned about being targeted by the US Treasury.

Maysam Behravesh is a PhD Candidate in the Department of Political Science and an Affiliated Researcher at the Center for Middle Eastern Studies, Lund University, Sweden. Rallying a collective response is doable, they claim, since the Iran deal is one the few areas EU members agree on.

Iranian supreme leader Ayatollah Ali Khamenei said last week he was highly doubtful that Europe would provide the "real guarantees" needed for Iran to stay in the nuclear deal.

In the utmost consequence, China's concerted effort to remain aloof of the Middle East's multiple conflicts could be severely compromised if it were forced to take sides in a conflict between Iran, a country with which China feels that it has much in common and that it in the past has helped develop its ballistic and nuclear programs, and Saudi Arabia, a more recently found friend that is economically important to the People's Republic. This puts Iran in the clear, allowing it to use the US violation and withdrawal from the agreement - alongside European ineffectiveness - to move beyond the deal.

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"Do we accept that the United States is the economic gendarme of the planet?" Iranian military spending "increased alongside overall government spending -- not in a silo on its own", the newspaper goes on to say, adding that "the nuclear accord has contributed to the overall increase in spending - including the increase in military spending - since it lifted sanctions and allowed for a rise in oil production and exports". Some are converting to Christianity and, according to Professor Parsa, even to the Baha'i faith, which is the largest non-Muslim community in Iran. In such a scenario, and absent direct intervention from the United States, Israel might well decide to undertake a limited nuclear attack against Iranian facilities.

Frankly, I think that the rulers of Iran don't give a damn about Israel, except as an useful instrument.