Tag: Iran

  • China defends Iran business ties after Trump threat

    China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after U.S. President Donald Trump said companies doing business with Iran would be barred from the U.S.

    New U.S. sanctions on Iran have taken effect in spite pleas from Washington’s allies.

    Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on a 2015 deal to lift sanctions in return for curbs on Iran’s nuclear programme.

    Trump decided this year to pull out of the agreement, ignoring pleas from the other world powers that had co-sponsored the deal, including Washington’s main European allies, Britain, France and Germany, as well as Russia and China.

    Beijing has cultivated close commercial links with Tehran, especially in the energy sector.

    “China has consistently opposed unilateral sanctions and long-armed jurisdiction,” the Chinese foreign ministry said in a faxed statement responding to the new U.S. sanctions and Trump’s threats on firms doing business with Iran.

    “China’s commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any UN Security Council resolutions,” it added.
    “China’s lawful rights should be protected.”

    China, Iran’s top oil customer, buys roughly 650,000 barrels a day of crude oil from Tehran, or seven per cent of China’s total crude oil imports.

    At current market rates, the imports are worth some 15 billion dollars a year.
    State energy firms CNPC and Sinopec have invested billions of dollars in key Iranian oil fields such as Yadavaran and North Azadegan and have been sending oil to China.

    European countries, hoping to persuade Tehran to continue to respect the nuclear deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out.

    But that has proven difficult, and European companies have quit Iran, arguing that they cannot risk their U.S. business.
    Few American companies do much business in Iran so the impact of sanctions mainly stems from Washington’s ability to block European and Asian firms from trading there.

    Among large European companies that have suspended plans to invest in Iran are France’s oil major Total and its big car makers, PSA and Renault.

    NAN

  • Oil rises as U.S. renew sanctions against Iran

    Oil prices rose on Tuesday as the U.S. reintroduced sanctions against major crude exporter, Iran, tightening global markets.

    Meanwhile,  heatwave across Europe and other areas pushes oil up.

    Sweet Brent crude oil futures were at 74.08  dollars per barrel.

    U.S. West Texas Intermediate (WTI) crude futures were up at 69.21 dollars a barrel.

    The U.S. sanctions against Iran, which shipped out almost three million barrels per day (bpd) of crude in July, officially came into effect at 12.01 a.m. U.S. Eastern time (04.01 GMT) on Tuesday.

    Many countries, including U.S. allies in Europe as well as China and India, oppose the sanctions, but the U.S. government said it wants as many countries as possible to stop buying Iranian oil.

    “It is our policy to get as many countries to zero as quickly as possible.

    “’We are going to work with individual countries on a case-by-case basis, but our goal is to reduce the amount of revenue and hard currency going into Iran,” said a senior U.S. administration official on Monday.

    French bank Societe Generale said there was currently a “comfortable supply” in physical crude markets, but noted, “Iran sanctions will take another one million bpd off the markets.”

    This would leave markets with a little spare capacity to deal with unforeseen disruptions, it said.

    Some analysts warned that a global heat wave could also now affect oil demand.

    Much of the northern hemisphere has been gripped by extreme heat this summer, pushing up demand for industrial and residential cooling.

    This mostly impacts demand for power fuels such as thermal coal and natural gas. (ReutersNAN)

  • U.S., Iran face-off to send oil price sky high

    A military conflict between the United States (U.S.) and Iran would threaten to shut the world’s busiest seaway for oil exports and send crude prices to all-time highs, perhaps even to $200 a barrel, analysts said yesterday.

    Founding partner at energy hedge fund Again Capital, John Kilduff, said Brent crude — the international benchmark for oil prices — is on a path to $90 a barrel because the Trump administration is unlikely to issue many sanctions waivers.

    Top Cabinet officials have recently said countries could get sanctions relief on a case-by-case basis if they cannot entirely cut off purchases from Iran by November.

    However, if Iran opts for the “nuclear option” of shutting down the Strait of Hormuz, Brent could pop to several hundred dollars a barrel, in Kilduff’s view.

    “The numbers on a blockage or any kind of upset or military situation in the Strait of Hormuz, that is off to the races. Pick your number — $150, $200 — it goes sky high.” he said.

    Because we are talking about an abject shortage of oil then in the global market,” he said.

    Brent crude is currently trading just above $73 a barrel. It hit a record high above $147 a barrel in 2008.

    President Donald Trump on Sunday night warned Iranian President Hassan Rouhani on Twitter that his country would “SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE” if Rouhani ever threatened the U.S. again.

  • Spain boosts round of 16 chances after Iran defeat

     

    2010 World cup champions spain Wednesday improved their chances of hitting the round of 16 after defeating Iran by a loan goal at the Akazani Arena in Russia.

    It took a 54 minute goal credited on a rebound Diego Costa boost the chances of Spain who are not on four points same with Portugal who earlier defeated Morocco by a lone goal. Iran put up a good fight which failed to yield the needed goal.  A 62nd minute goal by Iran’s Ezetolahi Afagh was disallowed following an offside call. It was despair  for Iran as following the disallowed goal as many of the fans had jumped for joy thinking the much needed goal had finally come.

    Spain will next take on Morocco who have already booked their exit from the world cup after losing two matches to Iran and Portugal respectively, while Portugal will confront Iran in their last group game

    Costa  who scored twice in Friday’s pulsating 3-3 draw with Portugal was again the decider in Wednesday’s encounter.

    Spain handed a 100th cap to Gerard Pique, with Dani Carvajal and Lucas Vazquez the only new faces from the side that drew against Portugal.

  • World Cup: IRAN 0-1 SPAIN (Costa, 54)

    IRAN 0-1 SPAIN (Costa, 54)

    Costa scored Spain’s only goal of the encounter in the 54th minute to hand Fernando Hierro’s side their first win of the tournament after their opening 3-3 draw with Portugal last Friday.

    After the win, Costa’s goals tally has increased to three in two games

    Spain will face Morocco in their next game on Monda

    The formidable Spanish front line proved that they have goals in them, with Diego Costa spearheading the attack in the No. 9 role.

    Real call that Costa scored two goals in the 3-3 blockbuster against Portugal in one of the games of the tournament so far, Spain now turn their attention to Iran.

    A rare David De Gea mistake, combined with some CR7 brilliance, kept Portugal within touching distance of the 2010 world champs.

    His fantastic solo effort turned the Portuguese defenders inside out, as he buried his shot past a helpless Rui Patricio.

    Now that he has settled into his new role, Spain coach Fernando Hierro will encourage his players to take valuable points from the likes Iran and Morocco.

    Against top quality opposition, he looked class, so how will he fare against the lower ranked Iran?

    Goal Costa 54th minute

  • Injury time own goal lifts Iran

    Aziz Bouhaddouz headed a free kick into his own net in the fifth minute of injury time to gift Iran a 1-0 victory over Morocco yesterday at the World Cup.

    Only on the field as a 77th-minute substitute, the Morocco striker dived to reach a curling cross from the left but headed the ball past goalkeeper Monir El Kajoui.

    There was an explosion of joy among the Iran squad, with coaching staff and substitutes sprinting onto the field and jumping for joy.

    It was Iran’s second win in 13 matches at the World Cup, and Asia’s first since the 2010 tournament in South Africa.

  • Hard fighting Morocco hands victory to Iran

     

    It was indeed complete drama Friday as Morocco last minute put victory on the plate for Iran at the Saint Petersburg Stadium.  The Atlas Lions of Morocco had kicked off the tie with all the fireworks they could muster and were very much in a hurry to clinch victory.

    The Herve Renard tutored side created more of the chances but were unable to convert any.

    Both teams had put in considerable effort in the first half living an impression that the second half will be full of fireworks. The second half of course lived up to prediction as both teams battled to the finish in search of breakthrough.

    It was however Iran that had the last laugh not because they scored the goal but because they mounted enough pressure forcing Morocco to hand over victory. It was Bouhaddouz’s own goal gave it to Iran.

    Iran will next take on Spain while Morocco face Portugal in two ties that cannot be considered tea parties at all.

    Friday’s win is very historical and will definitely ginger Iran. It is there second win in the world cup finals the first being against USA at the 1998 world cup in France.   So two African countries Egypt and Morocco filed out against opponents in search of vital points but ended up with none. How will it turn out for Nigeria and Super Eagles tomorrow?

  • 2018 World Cup: Iran is first team to arrive Russia

    The World cup is not just about winning the cup; it is not just about participation, it is also about making and breaking records.

    With 9 days to the kick off of the World cup, Iran made record Tuesday as the first participating country to arrive Russia.

    Placed 36th on the FIFA Ranking, Iran are playing in their fifth world cup and will begin their campaign in Group B against arch rivals Morocco on June 15, just  a day after the opening game between host Russia and Saudi Arabia June 14.The Iranians first made appearance at the World’s most celebrated sports fiesta at the 1978 edition hosted and won by  Argentina

    after beating Netherlands 3-1 in  Buenos Aires, in front of 71,483 spectators. 

    The team has never gone beyond the first round in their four previous appearances. At the last edition in Brazil, the Iranians were grouped with Argentina, Nigeria and Bosnia and Herzegovina, with Argentina and Nigeria progressing to the next stage while Iran finished last in the group with only one point after pulling a goalless draw against Nigeria, losing by a lone goal to Argentina and losing 3-1 to Bosnia and Herzegovina.

    Early arrival by Iran may not unconnected with a desire to acclimatize with intent to do better in Russia.

    The team has this time been pitched against Morocco, 2010 champions Spain and Portugal.  The country will take on Spain on June 20 at the Kazan Arena stadium with the last group match against Portugal billed for June 25.

    Forecast of the match against Spain indicate 80% chance of Spain winning 15% of the match ending in a draw and just 5% chance of Iran winning.

    In the tie against Portugal, forecast indicate 70% of Portugal winning , 19% of the match ending in a draw and only 11% of Iran winning.

    The opening match against Morocco however fared better with 32% chance of ending in a draw, 27% chance of Iran winning and 41% chance of Morocco winning.

  • Iran, Jerusalem, N. Korea: Trump badgers on

    Swashbuckling and stumbling lately, the United States has been drifting and rolling without gathering any moss on the international circuit. From tearing down an internationally acclaimed and duly negotiated deal over Iran nuclear programme, to stirring up international retributions for the needless transfer of U.S Embassy from Tel-Aviv to Jerusalem and now cancelling the over-hyped summit between the U.S and North Korean leader earlier scheduled for 12 June, in Singapore, President Trump’s Washington seems to walk the atrophy street; but not without the revisionist chest thumping of America’s first rhetoric. It has now appeared that the haranguing clouds of surreal ideological bigotry have significantly coloured the U.S retreat from serious and meaningful international engagement.

    The Joint comprehensive plan of Action (JCPOA) negotiated and agreed in 2015 as the foremost international mechanism to keep Iran’s nuclear program from any prospect of weaponization and also allow Iran, a normal international intercourse with removal of sanctions, were widely recognized as running its course smoothly, with Tehran keeping to its end of the bargain. The trouble even for the United States is that the Trump administration, even before Mr. Trump took office has disparaged the deal as “horrible” and “the worst ever.” A journalist, who interviewed Mr. Trump on the day the deal was signed, remembered recently, how he denounced it without seeing the document, let alone reading and understanding its contents. Mr. Trump’s evident bias against the Iran’s nuclear deal is more ideological than the deal’s practical purpose of deterring nuclear proliferation.

    In tearing down the deal recently, he invoked the familiar mantra of regime change, believing in the discredited and bankrupt neo-conservative ideological delusions that ever more earth-scorching squeeze of the Tehran will trigger a popular domestic revolt that will overthrow the Iranian regime.

    However, far less worried at Washington’s bellicosity as it was largely expected, Iran has now turned the heat on the international  community especially U.S ally, the European Union to show course why they should deserve the respect of multilateral engagement.

    Earlier attempts by Europe major countries- Germany, France and Britain to persuade Mr. Trump to stay in the deal was contemptuously rebuffed. Europe is vowing to stay the course of the deal, a trend that might turn the U.S into a pariah, if the strong pronouncements from European capitals are any meaningful guide. Iran takes the global shine of an international respecter of rules and for circulating around major global capitals, Iran’s foreign minister Mr Javid garners goodwill and assurance that increasingly make the U.S wish for Iran’s isolation look ever more forlorn. From the Iran’s nuclear deal fiasco, Mr Trump stumbled into an intractable Mid-East conflict of the Palestinian and Israel face-off with a thoroughly unhelpful escalation.

    Despite the nominal and largely symbolic gesture of several embassies operating from Tel-Aviv in Israel, the Israeli government conducts its administration and international engagement in Jerusalem. For all intents and purpose, Jerusalem which is sensitive to the final settlement of the conflict between the Israeli and Palestinians have been the putative capital of Israel but without much of international recognition. It is basically symbolic and does nothing to stop Israeli government from conducting its affairs in Jerusalem. So in moving the U.S embassy from Tel-Aviv to Jerusalem, the Trump administration achieved nothing except to instigate international provocations and outrage, something that appear now to be the only standard measure of the success of Mr. Trump’s agenda. Apart from its value in reinforcing President Trump’s ideological intransigence and bizarre new politics, there is nothing in the relocation of the U.S embassy to Jerusalem that will add value to its work or detract from the U.S long-standing Pro-Israel policy in the region. Choosing the 70th anniversary of the creation of Israel  which the Palestinians mark as the origin of their national catastrophe of dispossession and expulsion, President Trump symbolic relocation of U.S embassy to Jerusalem only damaged U.S long-standing, though, largely questionable status of  an impartial mediator  in that persistent conflict. Again, the U.S took a course that seriously undermined the substance of her key transatlantic alliance which left Europeans flushed, at the ruthless deconstruction of their strategic platform. For a world struggling to come to terms with Mr. Trump’s implacable hostility to the Iran nuclear deal, the Jerusalem edition of the Washington solo orchestra gave up any hope that the U.S under Mr. Trump can be taken serious as an international partner.

    Now the over-hyped US and North Korea’s summit that is expected to bring President Trump and Chairman Kim Jong-Un face to face is dependent on the changing mood of the U.S leader. A meeting that has already been set for the 12th of June in Singapore, President Trump suddenly announced that it is no longer going to hold as scheduled, claiming that intemperate rhetoric from Pyongyang was the culprit and even added that China’s unseen hand is helping to scuttle the process. This is not withstanding that his National Security Adviser, Mr. John Bolton first threw Washington’s hat in the ring for provocative banters.

    Mr. Bolton, an un-reconstructed ideologue far behind the contemporary trend of emerging multi-polarism has interjected  that North Korea would be served better with the Libyan treatment, a tease reference to the former Libyan strongman, Col. Gaddafi who dismantled his rudimentary nuclear programme only to be violently toppled and assassinated by the Washington-led NATO military alliance. His view was reinforced by Vice President Mike Pence, whom the North Koreans called “political-dummy”, and warned that any comparison with Libya is a function of U.S naivety. Pyongyang made clear that unlike Libya’s rudimentary nuclear programme that never really took off, North Korea is already established nuclear power that can cause the United States to experience a kind of pain, it has never imagined. However, to demonstrate a commitment to talks though, without “begging” the U.S for talks, North Korea went ahead to destroy its nuclear test sites as it has earlier scheduled.

    But following the visit of South Korea’s President Mr. Moon Jae-In to Washington and a summit he held with Mr. Kim Jong-un, President Trump has suddenly reinstated the June 12, Singapore summit between him and Chairman Kim.

    This is however, the measure of chaos and confusion that the Trump’s Washington spews, triggering speculations that the sole hyper-power is on desperate meltdown.

    If eventually the June summit in Singapore happens, given the recent track record of Washington, it may mean nothing more than a meet-and-greet to the world; an anticlimax.

    From sacking his emissary to Africa while still airborne in obvious contempt to the continent that welcomed his former Secretary of State, Mr. Tillerson with open arms, to the half-hearted trade war with China, to snubbing longstanding European allies, and to the elaborate Washington’s theater of dragging Russia to its internal election headache, the United State is proving a nominal bystander and heavily clay-footed to the powerful current of forces that is re-shaping and re-configuring the international system and energizing it in the direction of a community of shared future for all mankind.

     

    • Mr. Onunaiju, is director, Centre for China Studies, (CSS) Abuja.
  • Trump pulls U.S. out of Iran deal, reinstates sanctions

    U.S. President Donald Trump has announced his country’s withdrawal from the Iran nuclear deal and says he will partially renew sanctions on Iran.

    “It is clear to me that we cannot prevent a nuclear bomb under the decaying and rotten structure of the current deal.

    “The fact is that this was a horrible, one-sided deal that should have never ever been made,’’ Trump said.

    The 2015 agreement sealed by Trump’s predecessor, President Barack Obama, with the support of China, Russia, Germany, France and the UK, eased sanctions on Tehran.

    This was in exchange for commitments to halt what Western powers feared was a nuclear weapons programme.

    France, Germany and the UK launched a diplomatic offensive in recent weeks attempting to persuade Trump not to scuttle the deal which aims to prevent Iran from obtaining nuclear weapons.

    Trump said he opposed the agreement, called the Joint Comprehensive Plan of Action (JPCOA), during the 2016 presidential campaign.

    Since taking office, he has repeatedly threatened to pull the U.S. out of the pact, recently calling it a “horrible deal’’.(dpa/NAN)