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Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade between the United States and China, and as Washington plans tough sanctions against Iran aimed at shutting the country out of oil markets. As part of a wave of retaliation for Friday’s U.S. tariffs, China has threatened a 25 percent duty on imports of U.S. crude. Meanwhile, Washington’s new sanctions against Tehran are due to kick in from November. That double whammy is prompting Asian refiners to move swiftly, with South Korea leading the way. Under pressure from Washington, Seoul has halted all orders of Iranian oil, according to sources, even as it braces from spillover effects from the U.S.-China for-tat on trade. “As South Korea’s economy heavily relies on trade, it won’t be good for South Korea if the global economic slowdown happens because of a trade dispute between U.S and China,” said Lee Dal-seok, senior researcher at the Korea Energy Economic Institute (KEEI). In China, state media slammed U.S. President Donald Trump’s government as a “of hoodlums”, with officials vowing retaliation. Standing in the line of fire are U.S. crude supplies to China, which have surged from virtually zero before 2017 to 400,000 barrels per day (bpd) in July. Although just 5 percent of China’s overall crude imports, these supplies are worth $1 billion a month at current prices - a figure that seems certain to fall should a duty be implemented. U.S. crude oil is not on the list of 545 products the Chinese government has said it would immediately retaliate with in response to American duties. However, crude oil is listed as a U.S. product that will receive an import tariff at an unspecified later date. While no date has been set, industry participants expect the tariff to be levied. “The Chinese have to do the -for-tat, they have to retaliate,” said John Driscoll, director of consultancy JTD Energy, adding that cutting U.S. crude imports was a means “of retaliating (against) the U.S. in a very substantial way”. China Can't lose iran deal, It's losing U.S. tradewars! Breaking News Please Sub with Notification on, Share and Like ! -~-~~-~~~-~~-~- watch: "United States Increasing Influence IN IRAN! Breaking News" https://www.youtube.com/watch?v=_pWO1X72eKw watch: "Africa in economic trouble!? Breaking News" https://www.youtube.com/watch?v=NwHtkPV9bD0 watch: "CHINA taking over E.U. Economy!? Breaking News" https://www.youtube.com/watch?v=cE-l39G4jDE watch: "United States NEEDS to be RUSSIA'S Friend!? Breaking News" https://www.youtube.com/watch?v=ANRVYt5I16g watch: "United States oil will be crucial for trade wars! Breaking News" https://www.youtube.com/watch?v=g2Tz_h3prBM watch: "Iran U.S. under Trade Wars! Breaking News" https://www.youtube.com/watch?v=97oQjvg2vHg watch: "China going all out for Africa's Trade Economy! Breaking news" https://www.youtube.com/watch?v=o0kR04-xW6o watch: "Global for Trade Wars! Breaking News" https://www.youtube.com/watch?v=20i4l6Tjx5E watch: "Iran losing money in trade wars! Breaking News" https://www.youtube.com/watch?v=fpSY166xs9A watch: "United States Prepares to SLAM China in Trade War! Breaking News" https://www.youtube.com/watch?v=L7DZdZgLJh4 -~-~~-~~~-~~-~-
Foreign Affairs Minister Mohammad Javad Zarif sits down for a Euronews exclusive. … READ MORE : http://www.euronews.com/2018/07/19/iran-foreign-affairs-minister-on-nuclear-deal-syria-russia-relations What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
↓↓↓[[[All Links Below]]] ↓ ↓ ↓ Join the community http://www.con-tru.com/ So case closed then, right? Erdogan staged the coup to gain more political power and support to become what some are calling a democrative dictatorship. Well, not everything is a cut and dry as it first seems. Help this operation by becoming a Patreon! https://www.patreon.com/user?ty=h&u=3001823 or through Paypal https://www.paypal.me/TyrannyUnmasked Facebook - https://www.facebook.com/Tyranny-Unmasked-1549455548698692/?ref=hl Twitter - https://twitter.com/TyrannyUnmasked 1. Real reason Turkey shot down Russian Jet: https://www.youtube.com/watch?v=d9b-meZ7ILk 2. Turkish soldiers thought coup was military ‘exercise’: https://www.rt.com/news/351639-turkish-soldiers-coup-exercise/ 3.rebel jets had Erdogan's plane in their sights: http://www.reuters.com/article/us-turkey-security-plot-insight-idUSKCN0ZX0Q9 4. Erdogan’s Broken Peace: http://kurdistantribune.com/2015/erdogans-broken-peace-and-its-catastrophic-aftermath/ 5. Erdogan Says Coup “A Gift From God”: http://theduran.com/erdogan-says-coup-gift-god-coup-turkey-crumbles/ 6. Gulens ties with the CIA: http://voices.washingtonpost.com/spy-talk/2011/01/islamic_group_is_cia_front_ex-.html 7. John Kerry's plan B: https://www.youtube.com/watch?v=aHC_q1fBWK4 8. Iran-Iraq-Syria pipeline: https://en.wikipedia.org/wiki/Iran-Iraq-Syria_pipeline 9. Seven Countries In Five Years: https://www.youtube.com/watch?v=9RC1Mepk_Sw 10. Turkish military shells Syrian Kurdish YPG: http://www.reuters.com/article/uk-mideast-crisis-turkey-syria-idUKKCN0VR2L8 11. A parallel state within Turkey: http://www.telegraph.co.uk/news/worldnews/europe/turkey/11397876/A-parallel-state-within-Turkey-How-the-countrys-democracy-came-under-attack-from-two-mens-rivalry.html 12. America’s Nukes Aren’t Safe in Turkey Anymore: http://foreignpolicy.com/2016/07/18/americas-nukes-arent-safe-in-turkey-anymore/
The International Monetary Fund (IMF) has upgraded its growth outlook for sub-Saharan Africa in 2019, citing a recovery in Nigeria. Africa's most populous country is recovering from its worst contraction in a quarter of a century as prices for commodities like oil head higher. And there's a positive contagion effect. In an update to its World Economic Outlook report, the IMF said the sub-Saharan region as a whole is now expected to grow 3.8 percent in 2019. That's up 0.1 percent compared with April's forecast. But there was also a warning about the impact of tit-for-tat tariffs. "The United States has initiated trade actions affecting a broad group of countries and faces retaliation or retaliatory threats from China, the European Union, its NAFTA partners and Japan, among others. Our modelling suggests that if current trade policy threats are realised and business confidence falls as a result, global output could be about 0.5 percent below current projections by 2020," said the IMF's Maury Obstfeld. China is Africa's largest trading partner, so if Chinese-made products are hit with US tariffs, there could be a knock-on effect. So how will a global trade war affect the continent? And how can Africa overcome the reliance of exporting commodities? Ade Ayeyemi, the CEO of Ecobank Group talks to Counting the Cost. The world's first habitable 3D-printed houses: With advances in technology and the advent of 3D-printing, it's now possible to print a building - causing a stir in the construction industry. Known in the trade as "additive manufacturing", 3D-printing was first developed in the 1980s. Due to more sophisticated types of printers we can now print things like houses, clothes or spare parts for planes. Not only could it revolutionise the way global goods are manufactured, some say it could change how we live and construct homes. Advocates believe low-cost 3D homes could even help end homelessness. So how do you print a house? And what are the potential implications for global economics and trade? Simon Hart, senior Innovation lead at Innovate UK, talks to Counting the Cost. Airplanes, e-commerce and flying sports cars: At Farnborough Airshow, the world's second biggest aviation trade show, US plane-maker Boeing kicked off the event with a $4.7bn to sell DHL 14 Boeing 777 freighters. Peter Morris, chief economist, Flight Ascend, talks to CTC about the global air freight demand. Google anti-trust case: The European Union slapped Google with a record $5bn fine for using its Android smartphone system to illegally boost its search engine - the biggest anti-trust penalty in EU history. Sonja Gallego reports from Paris. Qatar World Cup: We take a look at the world's largest air-conditioned open air arena and Qatar's Winter World Cup preparations - now in full swing. Joanna Gasiorowska reports. Ethiopia-Eritrea 'bird of peace': Ethiopian Airlines conducted the first direct passenger flights between Addis Ababa and Asmara, reconnecting Eritrea and Ethiopia after a 20-year military standoff. Mohammed Adow reports from Addis Ababa. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
World Leaders protecting IRAN DEAL! Breaking News Top diplomats from Iran and five world powers are meeting today in Vienna in a desperate attempt to save the 2015 nuclear deal following the withdrawal of the United States. The foreign ministers of Britain, China, France, Germany and Russia are due to meet with their Iranian counterpart Mohammad Javad Zarif for the first time since US President Donald Trump broke ranks with the major powers and ushered in a new round of sanctions against Tehran. Trump intends to bring the Mullahs in Tehran to their knees by forcing Iran’s oil export to cease as early as November. Iran hopes to agree on a package with the Europeans to counter the impact of the sanctions. Remaining parties to the deal have been obliging and have expressed their strong intention to work with the Iranians even without their traditional ally. However, Iranian news agencies reported that ahead of the talks, Iranian President Hassan Rouhani told the leaders of France and Germany that a European package of economic measures to counter the effects of US sanctions does not go far enough. Please Sub with Notification on, Share and Like ! -~-~~-~~~-~~-~- watch: "United States Increasing Influence IN IRAN! Breaking News" https://www.youtube.com/watch?v=_pWO1X72eKw watch: "Africa in economic trouble!? Breaking News" https://www.youtube.com/watch?v=NwHtkPV9bD0 watch: "CHINA taking over E.U. Economy!? Breaking News" https://www.youtube.com/watch?v=cE-l39G4jDE watch: "United States NEEDS to be RUSSIA'S Friend!? Breaking News" https://www.youtube.com/watch?v=ANRVYt5I16g watch: "United States oil will be crucial for trade wars! Breaking News" https://www.youtube.com/watch?v=g2Tz_h3prBM watch: "Iran U.S. under Trade Wars! Breaking News" https://www.youtube.com/watch?v=97oQjvg2vHg watch: "China going all out for Africa's Trade Economy! Breaking news" https://www.youtube.com/watch?v=o0kR04-xW6o watch: "Global for Trade Wars! Breaking News" https://www.youtube.com/watch?v=20i4l6Tjx5E watch: "Iran losing money in trade wars! Breaking News" https://www.youtube.com/watch?v=fpSY166xs9A watch: "United States Prepares to SLAM China in Trade War! Breaking News" https://www.youtube.com/watch?v=L7DZdZgLJh4 -~-~~-~~~-~~-~-
Iranians are bracing for the impact of US sanctions that are due to snap back into place on August 6, following President Donald Trump’s decision to pull the US out of the Iran nuclear deal.
The looming restrictions will block trading of precious metals, steel, coal, currency and debt, as well as Iran's purchase of US dollars. The sanctions are expected to further slow Iran’s already faltering economy, and that’s before a further round of US restrictions target Iran’s oil, energy and shipping industries in November.
Iran's mounting economic challenges present a stern test for President Hassan Rouhani. Having already faced brusque opposition by conservatives unhappy with his stewardship of the government, recent protests in Khorromshahr and Tehran’s Grand Bazaar have left him with little room for manoeuvre.
The Stream will look at how Iranians are coping in the immediate aftermath of the US’s exit from the nuclear deal and what lies in store when the sanctions begin to bite.
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