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The visit by Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani's comes after his Iranian counterpart Hossein Amirabdollahian on Monday said Tehran is ready to consider direct talks with Washington if it feels it can get a "good nuclear deal". However, IRNA said the visit was not intended to facilitate direct talks with Washington. After then-U.S. President Donald Trump quit the nuclear deal in 2018 and reimposed harsh sanctions, Iran gradually started violating the pact's nuclear curbs. The minister, Sheikh Mohammed, is expected in Washington on Friday in advance of the emir's visit. PRISONER RELEASEAmirabdollahian previously met Sheikh Tamim and Sheikh Mohammed in Doha on Jan. 11.
Persons: Sheikh Mohammed bin Abdulrahman, Sheikh Mohammed bin Abdulrahman Al Thani, Antony Blinken, Olivier Douliery, Qatar's, Thani's, Hossein Amirabdollahian, IRNA, Donald Trump, Sheikh Tamim bin Hamad, Joe Biden, Sheikh Mohammed, Amirabdollahian, Sheikh Tamim, Parisa Hafezi, Andrew Mills, Frank Jack Daniel Our Organizations: Qatar's, State Department, REUTERS DUBAI, Washington, Washington ., Tehran, U.S, Jan, Reuters, Qatar, Sunday, Thomson Locations: Sheikh Mohammed bin Abdulrahman Al, Washington , DC, Iran, Washington, Tehran, Doha, United States, Vienna, Thani, Qatar, Iranian, U.S, Dubai
Iran's President Ebrahim Raisi stands before a meeting with Syria's Foreign Minister Faisal Mekdad in Tehran, Iran, December 6, 2021. The open letter released on Thursday, seen by Reuters, was signed by some 460 people, including a former president of the International Criminal Court (ICC), Sang-Hyun Song, and Stephen Rapp, a former U.S. ambassador for global criminal justice. They include the current Iranian President Ebrahim Raisi and judiciary chief Gholam-Hossein Mohseni Ejei," said the open letter. He added: "I am proud to have defended human rights in every position I have held so far." Other signatories include previous U.N. investigators into torture and former foreign ministers of Australia, Belgium, Canada, Italy, Kosovo and Poland.
Persons: Ebrahim Raisi, Faisal Mekdad, Majid Asgaripour, Jan, Michelle Bachelet, Stephen Rapp, Raisi, Ruhollah Khomeini, Gholam, Hossein Mohseni Ejei, Ejei, Javaid Rehman, Stephanie Nebehay, Parisa Hafezi, Gareth Jones Organizations: Syria's, West Asia News Agency, REUTERS GENEVA, Reuters, Criminal Court, ICC, Reuters.com Register Iran, Amnesty, Human Rights Council, Raisi, Thomson Locations: Tehran, Iran, U.S, United States, British, Australia, Belgium, Canada, Italy, Kosovo, Poland, Dubai
Aside from the obvious potential human and political impact, a Russian invasion of Ukraine could destabilize global stock markets. Strategists from the Swiss bank UBS said that Russian invasion looks increasingly unlikely. "Our base case is for diplomatic efforts to continue, allowing the situation to stabilize and the tensions to eventually ease," Haefele's team said. Over that period of volatility, UBS outlined three strategies that retail investors can use to shield their portfolios from geopolitical risk. "Russia supplies around 40% of Europe's natural gas, and prices have already risen sharply," Haefele's team said.
Persons: Vladimir Putin, State Anthony Blinken, Mark Haefele Organizations: UBS, State, White, West, Nasdaq Locations: Russia, Ukrainian, Ukraine, Russian, Swiss, Iran, Iraq
The investors who aren't panicking
  + stars: | 2022-01-27 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com   time to read: +7 min
London (CNN Business) The stock market has been jolted by indications the Federal Reserve will move to aggressively raise interest rates to rein in inflation. What's happening: The Fed announced Wednesday that it would begin lifting rates "soon" to combat the sharp rise in prices. Even if the Fed pursues four interest rate hikes throughout the course of 2022, borrowing costs would still remain very low by historical standards, he continued. And even when the Fed does begin to reduce its holdings, the size of its balance sheet will remain "enormous," propping up investor confidence, according to Cairns. SWIFT unplugged Iranian banks in 2012 after they were sanctioned by the European Union over the country's nuclear program.
Persons: Jerome Powell, It's, Matthew Cairns, We've, Cairns, Antoine Bouvet, hasn't, Powell, We're, Ronald Reagan, Joe Biden's, Vladimir Putin, Charles Riley, SWIFT, Maria Shagina, Robinhood andfollow Organizations: CNN Business, Bell, CNN, Reserve, Fed, Bloomberg, Rabobank, ING, Economic, Monetary Fund, IMF, Federal Reserve, Senior, The, Worldwide Interbank, Telecommunication, Finnish Institute of International Affairs, Carnegie Moscow Center, European Union, Dow DOW JetBlue, Mastercard, Apple Locations: London, SPDR, Cairns, Russia, Ukraine, SWIFT, Europe, Iran
Former UN Ambassador Nikki Haley called on President Biden and VP Harris to resign. In a Fox News radio interview, Haley said Biden should " step down and take Kamala with him." Haley also said she's worried the US will look "weak" on foreign policy at the Beijing Olympics. Unlike Haley, Trump has not called for a boycott either. "They know that they've never had a weak president like this before.
Persons: Nikki Haley, Biden, Harris, Haley, Kamala, she's, Joe Biden, Kamala Harris, Guy Benson, Nancy Pelosi, Donald Trump, Trump, Putin, Xi, Kim Jong Un, they've, emboldening strongmen, Vladimir Putin Organizations: UN, Fox News, Beijing, Service, Republican, Games Locations: Beijing, Afghanistan, North Korea, Iran, Ukraine
Vachik Mangassarian, a character actor who appeared on "NCIS: Los Angeles" and "The Mentalist" has died of Covid-19 complications, according to his manager. Mangassarian was vaccinated, his manager Valerie McCaffrey told NBC News. McCaffrey didn't offer a comment on the posts beyond saying Tuesday: "Just be aware, Vachik had a sense of humor." The Iran-born Armenian actor moved to the United States at age 23 and worked as a waiter in Los Angeles while immersing himself into the entertainment scene. His other TV credits include “The Mentalist,” “JAG,” “NYPD Blue" and "Curb Your Enthusiasm."
Persons: Vachik, Mangassarian, Valerie McCaffrey, Joe Biden, McCaffrey didn't, Lily Tomlin, Jane Fonda, Organizations: NBC News, Facebook, Armenian National Network Locations: Angeles, Iran, United States, Los Angeles, Armenia, , U.S
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions. read moreWeekly U.S. inventory data released overnight by the American Petroleum Institute met expectations. Market sources said the data showed U.S. crude and distillate stocks fell while gasoline inventories rose for the week ended Jan. 21. Separately, the U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies as part of Biden's effort to help control oil prices.
Persons: Nick Oxford, Biden, Brent, Joe Biden, Vladimir Putin, Hiroyuki Kikukawa, Tsuyoshi Ueno, Ueno, Yuka Obayashi, Richard Pullin, Simon Cameron, Moore, Michaael Perry Organizations: REUTERS, Fed, U.S . Federal Reserve, U.S, United, United Arab Emirates, ., Nissan Securities, Federal Reserve, Brent, . West Texas, NLI Research Institute, American Petroleum Institute, Traders, Energy Information Administration, U.S . Department of Energy, Strategic Petroleum Reserve, Thomson Locations: Cushing , Oklahoma, TOKYO, Europe, Ukraine, Russia, Iran, United Arab, U.S, UAE
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions. "Investors locked in profits just in case of a collapse in global share prices following the Fed's update on its monetary policy," said Tsuyoshi Ueno, senior economist at NLI Research Institute. Market sources saud the data showed U.S. crude and distillate stocks fell while gasoline inventories rose for the week ended Jan. 21. Separately, the U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies as part of Biden's effort to help control oil prices.
Persons: Nick Oxford, Biden, Joe Biden, Vladimir Putin, Hiroyuki Kikukawa, Tsuyoshi Ueno, saud, Ueno, Yuka Obayashi, Richard Pullin, Simon Cameron, Moore Organizations: REUTERS, Fed, U.S . Federal Reserve, U.S . Energy, U.S, United, United Arab Emirates, ., Nissan Securities, Federal Reserve, Brent, . West Texas, NLI Research Institute, American Petroleum Institute, Traders, U.S . Department of Energy, Strategic Petroleum Reserve, Thomson Locations: Cushing , Oklahoma, TOKYO, Ukraine, Russia, Europe, Iran, United Arab, U.S, UAE
Oil dips on profit-taking ahead of Fed update
  + stars: | 2022-01-26 | by ( ) www.cnbc.com   time to read: +2 min
Smoke blows past oil wells at sunset on the eastern flank of the 16,000-plus-acre Guiberson fire, in southern California on September 23, 2009 near Moorpark, California. Oil prices eased on Wednesday as investors booked profits ahead of an update from the U.S. Federal Reserve, although fears over tighter supply amid tensions in Ukraine and the Middle East capped losses. "Some corrections have kicked in as investors wanted to adjust their positions ahead of the Fed meeting," said Hiroyuki Kikukawa, general manager of research at Nissan Securities. Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions and worries about the conflict in Yemen. On the supply side, the U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies as part of Biden's effort to help control oil prices.
Persons: Hiroyuki Kikukawa, Joe Biden, Vladimir Putin, Kikukawa Organizations: U.S . Federal Reserve, Brent, . West Texas, Nissan Securities, United Arab, Treasury, UAE, ., American Petroleum Institute, U.S . Department of Energy, Strategic Petroleum Reserve Locations: California, Moorpark , California, Ukraine, Russia, United Arab Emirates, U.S, Yemen, Europe, Yemen's Iran
Saudi Press Agency/Handout via REUTERSDUBAI, Jan 26 (Reuters) - The United Arab Emirates may upgrade its defensive capabilities after missile attacks by Yemen's Iran-aligned Houthi group, while continuing diplomacy with Tehran to reduce regional tensions, a senior UAE diplomat said. A Saudi-led military coalition, which includes the UAE, accuses Iran of supplying the Houthis with arms, which both Tehran and the group deny. The Houthis said they are punishing the UAE for backing forces battling the group in energy-producing regions, after the UAE in 2019 largely distanced itself from Yemen. The Houthis have repeatedly launched attacks on Saudi Arabia in the war, seen as a proxy conflict between Riyadh and Tehran. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ghaida Ghantous; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.
Persons: Lana Nusseibeh, Nusseibeh, Ghaida, John Stonestreet Organizations: Saudi Press Agency, Handout, REUTERS DUBAI, United, Yemen's, United Nations, CNN, U.S, UAE, Thomson Locations: Dhahran, Saudi Arabia, United Arab Emirates, Yemen's Iran, Tehran, UAE, Yemen, Saudi, Iran, Abu Dhabi, American, Washington, Riyadh
Founded by Iran's Revolutionary Guards in 1982 and heavily armed, Hezbollah has long been Lebanon's strongest faction, gradually establishing the country as one of several Arab states where Iran's Shi'ite Islamist government wields major sway and making Lebanon a theatre of its struggle with Gulf Arab states. Stronger financially than most in Lebanon, Hezbollah is well positioned to capitalise on Hariri's retreat. Hariri's political earthquake is set against the backdrop of an escalation in the wider struggle between Iran and U.S.-allied Gulf Arab states. Hezbollah-allied Sunnis won seats from Future in 2018. "I am not so sure how happy Hezbollah is" with Hariri's decision, said Heiko Wimmen of International Crisis Group.
Persons: Arsal, Ali Hashisho, Hariri, Jan, Saad al, Nabil Boumonsef, bode, Bahaa, Saad, Walid Jumblatt, Heiko Wimmen, Tom Perry, William Maclean Organizations: REUTERS, Iran's, Guards, Hezbollah, Hariri, United, Gulf, Christian Lebanese Forces, Future Movement, Reuters, Crisis, Thomson Locations: Syria, Lebanon, Iran, Saudi, BEIRUT, Riyadh, U.S, Arab, United Arab Emirates, UAE, Yemen, Gulf Arab, Lebanese, Beirut, fester, United States
DUBAI, Jan 26 (Reuters) - The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) said on Wednesday. Islamic funds' AuM growth showed signs of recovery last year, rising to $194.51 billion at the end of the third quarter, a 17.1% increase from end-2020. Saudi Arabia has the most assets under management in the Islamic funds market, followed by Iran and Malaysia, according to the report. There are 1,508 Islamic funds globally, operated by 345 Islamic financial institutions in 29 countries, CIBAFI said. "Overall, despite showing impressive growth over the years, the global Islamic funds market is relatively immature and much smaller in size compared to its counterpart," the report said.
Persons: Abdelilah Belatik, CIBAFI, Doyinsola Oladipo, Nick Macfie Organizations: Islamic Banks, Financial, Islamic, Environmental, Islamic Financial Services Industry, Thomson Locations: DUBAI, Bahrain, Africa, East, Southeast Asia, Saudi Arabia, Iran, Malaysia, Indonesia
US lawmakers have suggested in recent weeks that Russia could be removed from SWIFT, a high security network that connect thousands of financial institutions around the world. Excluding Russia from SWIFT would cause its economy to shrink by 5%, former finance minister Alexei Kudrin estimated in 2014. SWIFT unplugged Iranian banks in 2012 after they were sanctioned by the European Union over the country's nuclear program. British Prime Minister Boris Johnson told lawmakers on Tuesday that his government was discussing the possibility of banning Russia from SWIFT with the United States. "There is no doubt that that would be a very potent weapon [against Russia].
Persons: Vladimir Putin, SWIFT, Nikolai Zhuravlev, Maria Shagina, Alexei Kudrin, Eddie Astanin, Jeppe Kofod, Josep Borrell, Boris Johnson, Johnson, SPFS, Zhuravlev, I'm Organizations: Senior, The, Worldwide Interbank, Telecommunication, Finnish Institute of International Affairs, Carnegie Moscow Center, Clearing, Belgian, EU, SWIFT, European Union, Russia, European, TASS Locations: Russia, Ukraine, SWIFT, Europe, Belgium, Iran, United States, Germany, Moscow, Crimea, SPFS, European, Great Britain
“Then the position will be formulated based on the conceptual guidelines provided by the head of state.”Behind the scenes, in the Kremlin’s telling, Mr. Putin has been busy. In the last two weeks, Mr. Putin has spoken by phone with the leaders of Armenia, Azerbaijan, Cuba, Finland, Israel, Kazakhstan, Nicaragua, Pakistan, Uzbekistan and Venezuela. Rather than publicly discuss Ukraine, Mr. Putin held a televised meeting on Wednesday with government officials in which he touched on cryptocurrency regulation and the pandemic. “On Ukraine, absolutely zero,” said Mr. Trani, who added that the only thing related to the tensions was when Mr. Putin’s answered Mr. Trani’s question about stability. “I said we have a big need of stability,” Mr. Trani said, making it clear that he also meant stability in the region.
Persons: , Dmitri S, Putin, Ebrahim Raisi, Stanovaya, ” Ms, Mr, Rather, Vincenzo Trani, Trani, , Putin’s Organizations: Russian Chamber of Commerce Locations: Armenia, Azerbaijan, Cuba, Finland, Israel, Kazakhstan, Nicaragua, Pakistan, Uzbekistan, Venezuela, Iran, Ukraine, Russian,
Analysts noted that oil prices rose despite a drop in equities markets (.SPX), (.IXIC) and the possibility of an interest rate hike by the U.S. Federal Reserve on Wednesday. read moreBrent futures rose $1.93, or 2.2%, to settle at $88.20 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.29, or 2.8%, to settle at $85.60. Register now for FREE unlimited access to Reuters.com Register"Geopolitical risks sent crude prices higher as a tight oil market that is already battling low inventories seems vulnerable to shortages in the coming months," said Edward Moya, senior market analyst at OANDA. Success in those talks could result in the lifting of sanctions on Iran and more barrels of Iranian oil for world markets. Analysts expect the latest weekly U.S. oil inventory data will show a 700,000-barrel draw from crude stocks.
Persons: Jon Nazca, Brent, Edward Moya, Moya, Liz Truss, Scott Disavino, Shadia Nasralla, Noah Browning, Yuka Obayashi, Marguerita Choy, Matthew Lewis Organizations: REUTERS, Ukraine U.S, United Arab, U.S . Federal Reserve, U.S, West Texas, Energy, Biden, United, United Arab Emirates, ., Organization of, Petroleum, American Petroleum Institute, U.S . Energy Information Administration, Thomson Locations: Cuevas del, Spain, Europe, Russia, Ukraine, United Arab Emirates, Iran, United States, Yemen's Iran, United Arab, U.S, OPEC, Cushing , Oklahoma, New York, London, Tokyo
The civil-turned-proxy war in Yemen, now in its eighth year, has created the world’s worst humanitarian crisis. While the U.S. is no longer supplying the Saudi-led coalition with air-to-ground munitions, it is continuing to provide the Saudis with political and diplomatic support. His conclusion, diplomatically stated: All parties in Yemen’s war are putting their own parochial interests above the interests of the Yemeni people, who are suffering enormously. Ultimately, the U.S. isn’t in a position to resolve Yemen’s conflict. Ultimately, the U.S. isn’t in a position to resolve Yemen’s conflict.
Persons: Abu Dhabi, Yemen's Houthi, Joe Biden’s, Hans Grundberg, U.N, Linda Thomas, Greenfield, , hasn’t, Abed Rabbo Mansour Hadi, Biden, Abu Dhabi’s Organizations: U.S, United Arab Emirates, Dhafra, Base, Planet Labs PBC, Abu, Abu Dhabi National Oil Co, United, Planet, AP, Al, Saudi, United Nations Security, White House, U.S . State Department, U.S . Agency for International Development Locations: Yemen, Al, abysmally U.S, Iran, Saudi, Riyadh, UAE, Abu Dhabi, Mussafah, United Arab, U.S, Al Qaeda, Washington, Saudi Arabia, Houthi, Iranian
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. Analysts noted that oil price rise came despite a drop in equities markets and the possibility of an interest rate hike by the U.S. Federal Reserve on Wednesday. read moreBrent futures rose $1.14, or 1.3%, to $87.41 a barrel by 10:56 a.m. EST (1556 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.21, or 1.5%, to $84.52. The United States is in talks with major energy-producing countries and companies around the world over a potential diversion of supplies to Europe if Russia invades Ukraine, senior Biden administration officials said. Analysts expect the latest weekly U.S. oil inventory data will show a 400,000-barrel draw from crude stocks.
Persons: Jon Nazca, Brent, Jim Ritterbusch, Shadia Nasralla, Noah Browning, Yuka Obayashi, Louise Heavens, David Goodman, Marguerita Choy Organizations: REUTERS, Ukraine, YORK, United Arab Emirates, U.S . Federal Reserve, U.S, West Texas, Associates, Biden, United, ., Organization of, Petroleum, American Petroleum Institute, U.S . Energy Information Administration, Thomson Locations: Cuevas del, Spain, Europe, Russia, Ukraine, OPEC, United States, Yemen's Iran, United Arab, U.S, Cushing , Oklahoma, London, Tokyo
Brent crude futures were up 30 cents, or 0.4%, at $86.57 a barrel by 1425 GMT. U.S. West Texas Intermediate (WTI) crude futures were virtually flat with a gain of 3 cents to $83.34. Global equities, which often move in tandem with oil, are set for their biggest monthly drop since the COVID-19 pandemic hit markets in March 2020. U.S. oil futures erased earlier gains as Wall Street opened, with equities falling. Indicating current tight supply, Brent's six-month spread is in backwardation, with front-month delivery futures trading at a premium of about $5 a barrel.
Persons: Jon Nazca, Brent, Shadia Nasralla, Noah Browning, Yuka Obayashi, Louise Heavens, David Goodman Organizations: REUTERS, LONDON, . West Texas, Global, Federal, NATO, United, United Arab Emirates, ., Organization of, Petroleum, Thomson Locations: Cuevas del, Spain, Europe, Brent, U.S, backwardation, Russia, Ukraine, Yemen's Iran, United Arab, OPEC, Cushing , Oklahoma
U.S. West Texas Intermediate (WTI) crude futures were 3 cents lower at $83.28 a barrel. World equities, which often move in tandem with oil, are set for their biggest monthly drop since the COVID-19 pandemic hit markets in March 2020. U.S. oil futures erased earlier gains as Wall Street opened, with equities falling. Indicating current tight supply, Brent's six-month spread is in backwardation as front month delivery futures trade at a premium of around $5 a barrel. Ahead of an expected U.S. Federal Reserve interest rate decision on Wednesday, where a hike might weigh on prices, geopolitical risks involving oil and gas producer Russia have been supporting oil prices.
Persons: Jon Nazca, Yuka Obayashi, Louise Heavens, Jan Harvey Organizations: REUTERS, LONDON, . West Texas, Federal, NATO, United Arab Emirates, ., Organization of, Petroleum, Thomson Locations: Cuevas del, Spain, Europe, Brent, U.S, backwardation, Russia, Ukraine, Yemen's Iran, Cushing, Oklahoma
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. Brent crude futures rose $1.21, or 1.5%, to $87.52 a barrel at 0946 GMT, reversing a 1.8% fall in the previous session. U.S. West Texas Intermediate (WTI) crude futures climbed $1.11, or 1.3%, to $85.42 a barrel, having slid 2.2% on Monday. Indicating current tight supply, Brent's six-month spread in backwardation as front month delivery futures trade at a premium of around $5 a barrel. Ahead of an expected U.S. Federal Reserve interest rate decision on Wednesday where a hike might weigh on prices, geopolitical risks involving oil and gas producer Russia have been supporting oil prices.
Persons: Jon Nazca, Yuka Obayashi, Louise Heavens Organizations: REUTERS, Brent, . West Texas, Federal, NATO, United Arab Emirates, ., Organization of, Petroleum, Thomson Locations: Cuevas del, Spain, Europe, UAE, Eastern Europe, Brent, backwardation, U.S, Russia, Ukraine, Iran, Cushing, Oklahoma
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. U.S. West Texas Intermediate (WTI) crude futures climbed 45 cents, or 0.5%, to $83.76 a barrel, having slid 2.2% on Monday. Register now for FREE unlimited access to Reuters.com RegisterOil prices reached seven-year highs last week, bolstered by tight worldwide supply and resurgent global demand. "The market tone stays strong, supported by heightening geopolitical risk," said Chiyoki Chen, chief analyst at Sunward Trading. "We see profit-taking when the prices move higher, but buying appetite for oil remains solid as investors are worried about supply disruptions in the event of a Russia-Ukraine conflict," he said.
Persons: Jon Nazca, Chiyoki Chen, Satoru Yoshida, Yuka Obayashi, Kenneth Maxwell Our Organizations: REUTERS, Brent, . West Texas, Sunward, NATO, United Arab Emirates, ., Downside, Rakuten Securities, Organization of, Petroleum, Thomson Locations: Cuevas del, Spain, Europe, UAE, TOKYO, Eastern Europe, Russia, Ukraine, Iran, U.S, OPEC, Cushing, Oklahoma
With talks to restore the 2015 nuclear agreement with Iran reaching a critical phase, differences have emerged in the U.S. negotiating team over how tough to be with Tehran and when to walk away, according to people familiar with the negotiations. U.S. officials confirmed over the weekend that Richard Nephew, the deputy special envoy for Iran, has left the team. Mr. Nephew, an architect of previous economic sanctions on Iran, had advocated a tougher posture in the current negotiations, and he hasn’t attended the talks in Vienna since early December.
Persons: Richard Nephew, Nephew, hasn’t Organizations: U.S Locations: Iran, U.S, Tehran, Vienna
Oil prices climbed on Tuesday, regaining some of the ground lost in the previous day's sharp losses, on concerns over possible supply disruptions amid rising geopolitical tensions in both Eastern Europe and the Middle East. U.S. West Texas Intermediate (WTI) crude futures climbed 34 cents, or 0.4%, to $83.65 a barrel, having slid 2.2% on Monday. Oil prices reached seven-year highs last week, bolstered by tight worldwide supply and resurgent global demand. "The market tone stays strong, supported by heightening geopolitical risk," said Chiyoki Chen, chief analyst at Sunward Trading. A tumultuous day on Wall Street saw stocks end higher after posting heavy losses earlier in the day, as uncertainty over the rising geopolitical tensions and Fed policy boosted safe havens.
Persons: Chiyoki Chen Organizations: Brent, . West Texas, Sunward, Wall, U.S, NATO, United Arab Emirates, . Locations: Eastern Europe, U.S . Federal, Europe, Russia, Ukraine, Iran, U.S, Cushing, Oklahoma
People wait outside TeleYemen company to get satellite internet connection amid an outage of internet service in Sanaa, Yemen January 23, 2022. REUTERS/Khaled AbdullahADEN, Jan 25 (Reuters) - Internet services were largely restored in Yemen on Tuesday, residents said, after a four-day outage following Saudi-led coalition air strikes which damaged telecoms infrastructure. The Iran-aligned Houthi group's communications ministry said services had returned to all provinces after initial repairs. The war and ensuing economic collapse has pushed millions into poverty and parts of Yemen to the brink of famine. The communications ministry statement, carried by the Houthi-run Saba news agency, called on the United Nations to send equipment to ensure the service returns to full capacity.
Persons: Khaled Abdullah ADEN, Jan, Hussein, Reyam Mokhashef, Mohammed Ghobari, Ghaida Ghantous, Lisa Barrington, Robert Birsel, Andrew Heavens Organizations: REUTERS, Twitter, United Nations, Thomson Locations: Sanaa, Yemen, Saudi, Iran, Aden, Red Sea, Hodeidah, Saba
Most Gulf markets fall in early trade; Dubai rises
  + stars: | 2022-01-25 | by ( ) www.reuters.com   time to read: +1 min
Jan 25 (Reuters) - Most stock markets in the Gulf fell in early trade on Tuesday in line with global shares, amid growing tension in Eastern Europe and the Middle East, a day after a failed attack on UAE by Yemen's Houthis. Register now for FREE unlimited access to Reuters.com RegisterIn Qatar, the benchmark index (.QSI), eased 0.6%, hurt by its financial stocks as Qatar National Bank (QNBK.QA) and Commercial Bank (COMB.QA), dropped 1.4% and 1.3% respectively. The Abu Dhabi index (.FTFADGI) also fell 0.4%, extending losses from the previous session, with the country's largest lender, First Abu Dhabi Bank (FAB.AD) easing 0.4%. In Dubai, the main share index (.DFMGI), however, bucked the trend with stocks up 0.4%, a day after it saw a biggest fall in over a month in last session, supported by a 1.5% rise in Dubai's largest lender Emirates NBD Bank (ENBD.DU) and a 0.4% increase in blue-chip developer Emaar Properties (EMAR.DU). Register now for FREE unlimited access to Reuters.com RegisterReporting by Shamsuddin Mohd in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Yemen's Houthis, Shamsuddin, Shailesh Organizations: United Arab Emirates, Saudi, Saudi Basic Industries, Saudi Telecom Company, Register, Qatar, Qatar National Bank, Commercial Bank, Abu Dhabi Bank, Emirates NBD Bank, Thomson Locations: Eastern Europe, UAE, Iran, Abu Dhabi, Abu, Dubai, Bengaluru
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