Arab Today, arab today oil prices rise as eu agrees
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Oil prices rise as EU agrees

Arab Today, arab today

Arab Today, arab today Oil prices rise as EU agrees

London - AFP

Oil prices rose on Monday after the European Union agreed to slap an embargo against Iran\'s crude exports, in a move aimed at stopping the key oil producer from funding its disputed nuclear programme. Brent North Sea crude for delivery in March climbed 56 cents to $110.42 a barrel in early London deals. New York\'s main contract, West Texas Intermediate crude for March, edged up five cents to $98.38 a barrel. Following morning talks in Brussels between ambassadors of the 27 EU nations, a diplomat speaking on condition of anonymity said: \"There is a political agreement on an oil embargo.\" The deal is to be formally approved by EU foreign ministers meeting and comes as the United States and allied nations accuse Iran of developing an atomic bomb. Tehran insists its nuclear programme is exclusively for peaceful, civilian use. The embargo meanwhile provides for an immediate ban on importing Iranian crude and a gradual phase-out of existing contracts between now and July 1. Greece\'s dependence on Iranian oil had been holding up an accord on the timing and conditions of the embargo as the financially strapped nation relies on Iran for more than a third of its crude. Iran sells around 20 percent of its crude to EU nations, with Greece, Spain and Italy the top buyers.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil prices rise as eu agrees Arab Today, arab today oil prices rise as eu agrees

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil prices rise as eu agrees Arab Today, arab today oil prices rise as eu agrees

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday