EU will support Iran nuclear accord, in opposition of US move

Brussels/Paris — Europe pledged to keep afloat its efforts to aid Iran after the US tightened the screw by targeting all exports of Iranian oil for sanctions.

US secretary of state Michael Pompeo said on Monday that the US would not renew waivers granted to eight countries including South Korea, Japan and Turkey that allowed them to buy Iranian oil without facing sanctions. The nonrenewal of waivers that were due to expire on May 2 roiled energy markets and risks upsetting major importers including China and India.

“We regret yesterday’s announcement by the US not to renew oil waivers,” European Commission spokesperson Maja Kocijancic told reporters in Brussels. “This further risks undermining the implementation of the JCPOA, which is a key element of the global nuclear nonproliferation architecture that was endorsed unanimously by the UN security council.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil close to 2019 highs as US seeks to cut Iran exports to zeroGlobal supply seen as ample
Source: BDliveSA - 🏆 12. / 63 Read more »

Gold is steady as trade turns risk-onStrong equities counter support from US-Iran jitters
Source: BDliveSA - 🏆 12. / 63 Read more »

US making a mistake politicising oil - Iran oil ministerThe United States has made a bad mistake by politicising oil and using it as a weapon, Iran's Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Iran calls US Central Command a ‘terrorist’ group in tit-for-tat exchangeThe US designated the Islamic Revolutionary Guards Corps in Iran a foreign terrorist group in April, now Iran is fighting back
Source: BDliveSA - 🏆 12. / 63 Read more »

Iran calls US Central Command a ‘terrorist’ group in tit-for-tat exchangeThe US designated the Islamic Revolutionary Guards Corps in Iran a foreign terrorist group in April, now Iran is fighting back
Source: BDliveSA - 🏆 12. / 63 Read more »

Iran denounces 'illegal' US sanctions as oil waivers endThe United States said it would start imposing sanctions on countries such as India, China and Turkey that buy Iranian oil.
Source: ewnupdates - 🏆 30. / 53 Read more »

US to end all waivers on imports of Iranian oilUS aims to cut Iran oil exports to zero, prompting market concerned about reduced supply
Source: BDliveSA - 🏆 12. / 63 Read more »

EU threatens $12bn in tariffs over US Boeing subsidiesThe Boeing-Airbus trade row has rumbled on for 14 years with the EU and US accusing each other of doling out illegal state aid to their respective aeronautical champions
Source: BDliveSA - 🏆 12. / 63 Read more »

Oil loses ground amid signs of adequate supplyCrude prices for spot delivery hit 2019 highs earlier this week after the US announced an end to Iran sanctions exemptions
Source: BDliveSA - 🏆 12. / 63 Read more »

EU warns of unfolding catastrophe in CameroonThe union’s legislative body has asked Yaounde to ensure an open space in which civil society can operate.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Newsdeck: Brexit Delay Spurs U.K. Frenzy for Summer Breaks in EUThe decision to postpone the U.K.’s divorce from the European Union has given Brits certainty over at least one thing: their summer vacations.
Source: dailymaverick - 🏆 3. / 84 Read more »