Arab Today, arab today oil prices up on iran action
Last Updated : GMT 10:54:38
Arab Today, arab today
Arab Today, arab today

Oil prices up on Iran action

Arab Today, arab today

Arab Today, arab today Oil prices up on Iran action

Paris - UPI

Oil prices rose Monday as Iran halted crude exports to Britain and France ahead of tightening European economic sanctions over its nuclear program. Prices topped $105 a barrel in morning trading on the New York Mercantile Exchange. Iran\'s Islamic Republic News Agency quoted an Oil Ministry spokesman Sunday as saying the country\'s crude exports to British and French companies had been suspended. \"We have our own customers and replaced British and French companies with other firms,\" ministry spokesman Ali Reza Nikzad-Rahbar said, adding only 18 percent of Iranian oil exports were being exported to Europe prior to the cuts. The New York Times said Iran\'s decision may only be symbolic as Britain and France do not depend much on its oil. The two countries have been strongly opposing Iran\'s nuclear enrichment and also have been firm in opposing the Syrian government\'s crackdown on its pro-democracy movement. Syria and Iran are close allies. The New York Times said Iran, facing severe sanctions, may, however, be reluctant to take similar steps against its larger European customers. The report quoted an official at the Iranian Oil Ministry as saying Iran is seeking longer-term contracts with other European nations. Major European customers include Greece, Italy and Spain. One British government official was quoted as saying \"we\'re not getting exercised about\" Iran\'s decision as its oil amounts to less than 1 percent of Britain\'s imports. Jean-Louis Schilansky, president of the French Union of Petroleum Industries, was quoted as telling France\'s Le Monde that \"the Iranian decision has no practical, direct consequences\" for France, which since 2011 \"practically stopped importing Iranian oil.\" But for Iran, producing 3.5 million barrels a day and exporting 2.5 million barrels daily, oil sales are vital for earning foreign exchange, the report said. Oil revenues finance more than 50 percent of the national budget. Iran claims its nuclear program is for peaceful purposes, but Western nations say it is for developing nuclear weapons. The Los Angeles Times said speculation is growing about a likely Israeli or U.S. strike on Iranian nuclear sites. British Foreign Minister William Hague and Chairman of the U.S. Joint Chiefs of Staff Gen. Martin Dempsey in separate interviews Sunday, however, sought to bring down the tensions, the report said. \"None of us want Iran to have nuclear weapons. [But] I don\'t think it would be a wise thing at this moment ... for Israel to launch a military attack on Iran,\" Hague told the BBC. \"I think Israel like everyone else in the world should be giving a real chance to the approach we\'ve adopted of very serious economic sanctions and diplomatic pressure and the readiness to negotiate with Iran.\" Dempsey told CNN\'s \"Fareed Zakaria GPS\" Iran could still be dissuaded from pursuing nuclear weapons.

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 up on iran action Arab Today, arab today oil prices up on iran action

 



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 up on iran action Arab Today, arab today oil prices up on iran action

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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