Browsing Tag

U.S. sanctions

Iran decries U.S. sanctions as illegal

Abdulfatah Jun 28, 2019 0

Iran’s Foreign Ministry spokesman said that recent U.S. sanctions against the Islamic Republic are “illegal,’’ the Tasnim News Agency reported on Friday. “Their new sanctions, like previous embargoes are ineffective and lack any legal…

Economy

Oil falls below $62 on U.S. inventories, fading Venezuela concerns

Abdulfatah Feb 6, 2019 0

Oil fell below 62 dollars a barrel on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact on global supplies of U.S. sanctions on Venezuela faded. U.S. crude inventories rose by 2.5 million…

World

Oil edges up as market eyes tighter supply

Abdulfatah Feb 5, 2019 0

Oil prices edged up on Tuesday buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC. But disappointing U.S. factory data weighed on the market which on Monday saw U.S. West…