White House National Security Adviser Jake Sullivan is expected to travel to Israel next week for discussions on Iran as negotiations continue in Vienna on a possible return to the 2015 nuclear deal, three senior Israeli officials tell Axios.
U.N. Secretary-General Antonio Guterres has appealed to U.S. President Joe Biden's administration to lift or waive all sanctions on Iran as agreed under a 2015 deal aimed at stopping Tehran from developing a nuclear weapon.
Turkey has voiced hope that the United States will extend an exemption in sanctions to allow it to keep buying oil from Iran, despite tensions.
The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran from next week, Bloomberg reported on Friday, citing a U.S. official.
Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook.
The European Union’s determination to uphold the Iran nuclear agreement and circumvent U.S. sanctions took another hit as several of the bloc’s finance ministers missed a key opportunity to quiz Treasury Secretary Steven Mnuchin on the scope of the U.S. stranglehold.
At least three North Asian buyers will receive extra supplies of oil from Saudi Arabia after the kingdom cut its prices for most grades in October and as they look to cushion the impact on supply of U.S. sanctions on Iran, sources said, Reuters reports.
A US delegation of Treasury and State Department officials will meet Turkish authorities on Friday to discuss sanctions targeting Iran, an official from Turkey’s foreign ministry said.
Experts say disruption to crude oil supplies from Iran as a result of US sanctions may push oil prices to as high as $90 a barrel.
The United States has sketched out a path under which three key European allies would simply commit to try to improve the Iran nuclear deal over time in return for US President Donald Trump keeping the pact alive by renewing US sanctions relief in May.
