As U.S. oil sanctions against Iran start, Washington grants waivers to major buyers
The United States re-introduced sanctions against Iranian oil exports on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now.
Oil slips as U.S. sanctions on Iran begin, Tehran defiant
Oil prices fell on Monday as U.S. sanctions against Iran’s fuel exports were softened by waivers allowing major buyers to import Iranian crude for a while, while Tehran said it would defy Washington and continue to sell.
EU opposed to U.S. resumption of sanctions on Iran: Moscovici
The European Union is opposed to the United States’ decision to reimpose oil and financial sanctions against Iran, European Economic Affairs Commissioner Pierre Moscovici said on Monday.
Iran in contact with other signatories of nuclear deal as U.S. reinforces sanctions
Iran is in constant contact with other signatories of a 2015 nuclear deal reached between Tehran and powers as the United States reinforces lifted sanctions under the pact, Iranian Foreign Ministry spokesman Bahram Qasemi said on Monday.
Iran says U.S. economic pressure ‘futile’ and a ‘psychological war’: TV
New U.S. sanctions on Iran’s vital oil sector are part of a psychological war launched by Washington against Tehran but these will fail, Foreign Ministry spokesman Bahram Qasemi was cited as saying by state TV.
Amazon drops free shipping minimum in tussle for holiday sales
Amazon.com Inc said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart Inc and other rivals vying for customers’ Christmas shopping sprees.
Japan’s Subaru recalls more cars, slashes guidance as cheating issue widens
Japan’s Subaru Corp said it would recall more vehicles sold in the domestic market on new cases of inspection cheating, and cautioned that rising recall costs would lop off about a quarter from its annual profit forecast.
China says its lawful trade with Iran should be respected
China said on Monday its lawful trade cooperation with Iran should be respected and expressed regret that the United States re-imposed sanctions on the Middle Eastern country.
Rouhani says Iran to sell oil, defy U.S. sanctions: TV
Iran will sell its oil and break sanctions reimposed by the United States on its vital energy and banking sectors, Iranian President Hassan Rouhani said on Monday.
As U.S. sanctions against Iran start, Washington grants waivers to major buyers
The United States re-introduced sanctions against Iran on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now.
