The U.S. has asked Japan to completely halt oil imports from Iran, going beyond the reductions that were demanded when sanctions were imposed earlier this decade, according to people with knowledge of the matter. When U.S. President Donald Trump decided to renew sanctions against Iran last month, his administration gave its allies 180 days to reduce purchases from the OPEC producer. Washington going after Tehran’s economic lifeline spurred speculation that Iran’s crude exports will be curbed and helped boost prices to the highest in 3 1/2 years.
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By Andreas Rinke AMMAN (Reuters) - German Chancellor Angela Merkel on Thursday said European countries shared concerns over Iran's ballistic missile program and called for solutions to its "aggressive tendencies" in the Middle East. "Iran's aggressive tendencies must not only be discussed, but rather we need solutions urgently," she said after meeting Jordan's King Abdullah in Amman. Germany has remained party to the Iran nuclear deal, which lifted sanctions on Tehran in exchange for curbing its atomic program, after U.S. President Donald Trump withdrew from it in May. Merkel said on Thursday that while European countries wanted to maintain the 2015 accord, they shared concerns over Iran's ballistic missile program, its presence in Syria and its role in the war in Yemen.
OPEC officials meeting in Vienna raced to salvage an oil-production deal on Wednesday after Iran said it was likely to reject any agreement that raised output from the group. With two days before OPEC ministers formally meet in Vienna to decide on policy, delegates were in closed-door talks to find a way to boost production and ease consumer anxiety about high oil prices. Making his first comments after arriving in Vienna, Saudi Oil Minister Khalid Al-Falih said "of course" there’ll be a deal this week.
Spain was hell-bent on winning its second match at the 2018 World Cup after Cristiano Ronaldo made La Roja settle for a point in their opener against Portugal. Iran made them earn it Wednesday in Kazan. Spain, the 2010 champions, got a good scare from Team Melli but eventually prevailed 1-0 through a fortunate Diego Costa goal.
Iran signalled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production. Iran said on Tuesday OPEC was unlikely to reach a deal, setting the stage for a clash with kingpin Saudi Arabia and non-member Russia, which are pushing to raise production steeply from July to meet growing global demand.
The odds of OPEC reaching an oil-production deal increased as Iran edged away from a threat to veto any agreement that would raise output. After sitting down with counterparts from several countries, Iranian Minister Bijan Namdar Zanganeh said he was optimistic about the outcome of the OPEC meeting, a marked contrast to comments the previous day when he said a deal was unlikely. “I’m confident that at the end of the day reason will prevail,” Al-Falih told reporters in Vienna, after a succession of meetings with his counterparts from other major producers.
By Rania El Gamal, Shadia Nasralla and Alex Lawler VIENNA (Reuters) - Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production. Iran said on Tuesday OPEC was unlikely to reach a deal, setting the stage for a clash with kingpin Saudi Arabia and non-member Russia, which are pushing to raise production steeply from July to meet growing global demand.
The U.S. trade dispute with China, in a round about way, could determine how successful the U.S. will be in sanctioning Iran's oil this time around — and that uncertainty is also playing out at OPEC. In the tit-for-tat tariff war with the U.S., China said last week it would put tariffs on U.S. oil imports. The U.S. is not a major oil exporter, but it has been growing exports and is exporting about 2 million barrels a day of crude.
KAZAN, Russia (Reuters) - Iran have suffered a blow ahead of Wednesday's World Cup Group B clash against Spain with versatile defender Rouzbeh Cheshmi ruled out of the rest of the tournament by injury. Cheshmi, who started Iran's opening 1-0 victory over Morocco in central defence, suffered a muscle injury in training on Sunday and would be sidelined for four weeks, according to the Iran Football Federation. The 24-year-old will stay with the squad in Russia but his injury means coach Carlos Queiroz will have to reshuffle his line-up for back-to-back matches against Iberian powers Spain and Portugal over the next six days. Mohammad Reza Khanzadeh is among the options to partner Morteza Pouraliganji
Iran's oil minister said on Tuesday that U.S. President Donald Trump sought high oil prices to support shale production in the United States, despite his public attack on OPEC over the high price of oil. "We believe Mr. Trump prefers high oil prices to support shale production in America, but he attacks OPEC, especially after U.S. withdrawal from the JCPOA (Iran’s nuclear deal), to avoid public pressures for increasing the prices of oil," Bijan Zanganeh was quoted as saying by SHANA before his departure for the OPEC summit.