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Iran slams European powers as nuclear deal UNRAVELS
"The European Union was supposed to be the replacement of the US but, unfortunately, they failed to act on their promises," Salehi told reporters.
[...]
French President Emmanuel Macron and his Russian counterpart Vladimir Putin on Sunday discussed Iran in a telephone conversation, their offices said. The two leaders "spoke in favour of uniting the efforts of all interested parties in order to preserve the JCPOA and full compliance with it", a Kremlin statement
[...]
On Saturday, Iran's [AEA] said it had taken another step by starting up 20 IR-4 and 20 IR-6 advanced centrifuges. Under the [JCPOA], Iran was allowed to enrich uranium using only first generation -- or IR-1 -- centrifuges. Despite the latest move, the agency said Iran would allow the [International] AEA to continue monitoring its nuclear facilities in accordance with the 2015 agreement. Feruta also held talks on Sunday with Iran's top diplomat Mohammad Javad Zarif. [Feruta] said he would report the findings from his visit to Iran to the agency's board of governors when it convenes for a quarterly meeting in Vienna on Monday.
Oil Producers Mull Supply Cuts as Trade War Hits Prices
"OPEC has traditionally resorted to production cuts in order to shore up the prices," said M. R. Raghu, head of research at Kuwait Financial Centre (Markaz). "However, this has come at the cost of reduction in OPEC's global crude market share from a peak of 35 percent in 2012 to 30 percent as of July 2019," he told AFP.
[...US sanctions wedge...]
The deliberations also coincide with stymied production from Iran and Venezuela and slower growth in US output, meaning that supplies are not excessively high. "US shale output growth does not have the same momentum as in previous cycles, and OPEC production is at a 15-year low, having fallen by 2.7 million barrels per day over the past nine months," Standard Chartered said in a commentary last month.
US will sanction whoever purchases Iran's oil, official says
"We will continue to put pressure on Iran and as President (Trump) said there will be no waivers of any kind for Iran's oil," Sigal Mandelker, US Treasury Under Secretary for Terrorism and Financial Intelligence, told reporters.
[...]
France has proposed offering Iran about $15 billion (€13.6bn) in credit lines until year-end if Tehran comes fully back into compliance with its 2015 nuclear deal, a move that hinges on Washington not blocking it, Western and Iranian sources said.

In addition to saving the deal, Tehran wants to restart selling its oil. Two Iranian officials and one diplomat told Reuters on Aug. 25 that Iran wants to export a minimum of 700,000 barrels per day of its oil and ideally up to 1.5 million bpd if the West wants to negotiate with Tehran to save the nuclear deal.



Diversity is the key to economic and political evolution.
by Cat on Tue Sep 10th, 2019 at 01:38:08 AM EST
And China will continue to purchase Iranian oil, possibly offering PLA Naval escorts for tankers through the straits. If the USA starts a shooting war in the Gulf they face the risk that Iran will destroy Gulf Arab oil infrastructure such that it will be off line indefinitely.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 25th, 2019 at 05:07:50 PM EST
[ Parent ]

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