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VIENNA (AP) — Britain, France and Germany announced Thursday they will keep their sanctions on Iran related to the Mideast country's atomic program and development of ballistic missiles. The measures were to expire in October under a timetable spelled out in the now defunct nuclear deal between Tehran and world powers. The measures ban Iran from developing ballistic missiles capable of delivering nuclear weapons and bar anyone from buying, selling or transferring drones and missiles to and from Iran. Iran has violated the sanctions by developing and testing ballistic missiles and sending drones to Russia for its war on Ukraine. Political Cartoons View All 1160 ImagesThe 2015 nuclear deal meant to ensure that Iran could not develop atomic weapons.
Persons: Donald Trump, Josep Borrell, Borrell, Matthew Miller, Washington, , Rafael Mariano Grossi, ” Henry Rome, Matthew Lee Organizations: United Nations, . State Department, International Atomic Energy Agency, IAEA, Associated Press, U.S, Washington Institute for Near East Locations: VIENNA, Britain, France, Germany, Iran, Tehran, Russia, Ukraine, Tehran “, United States, China, South, Washington
However, Iran faces a new challenge from within as the one-year anniversary of the nationwide protests sparked by the death of 22-year-old Mahsa Amini in police custody approaches this Saturday. Today, Iran faces Western sanctions after the collapse of its 2015 nuclear deal. These are Iranian money.”From the Iranian side, claiming victory has been as important as freeing the cash. “This money belongs to the Islamic Republic of Iran," Raisi said through a government translator about the swap. Iranian Foreign Minister Hossein Amirabdollahian suggested resuming negotiations over a roadmap that could see Tehran return to aspects of the nuclear deal, which the Islamic Republic walked away from last year.
Persons: Carter, , Walter Mondale, Matthew Miller, Behzad Nabavi, Ebrahim Raisi, Raisi, , Ronald Reagan, Hossein Amirabdollahian, , Matthew Lee, Jon Gambrell Organizations: United Arab Emirates, Embassy, . State Department, , NBC News, United Nations, U.S, Pentagon, Iranian, Islamic, Associated Press, The Associated Press, Gulf Cooperation, AP Locations: DUBAI, United Arab, Washington, Tehran, Iran, United States, Islamic Republic, South Korea, Qatar, U.S, Algier Accords, Islamic Republic of Iran, Iraq, Today, U.S ., Strait, Hormuz, Persian Gulf, Russia, Ukraine, Gulf
New Mideast corridor would include trains to India, Delhi says
  + stars: | 2023-09-11 | by ( ) www.reuters.com   time to read: +2 min
Saudi Arabia's Crown Prince Mohammed bin Salman inspects the honour guard during his ceremonial reception at the Rashtrapati Bhavan presidential palace in New Delhi, India, September 11, 2023. Asked about the proposals, Ausaf Sayeed, a secretary in the Foreign Ministry, spelled out that the corridor would include trains to India and not just links by port. Saudi Arabia is among the top exporters of petroleum to India. Sayeed said that new corridor will include ports, railways, better roads and also power, gas grids and optical fiber network. During their talks earlier in the day the Indian leader and the Saudi crown prince also discussed cooperation in space, semiconductors and collaboration in defence manufacturing as well.
Persons: Crown Prince Mohammed bin Salman, Stringer, Ausaf, Khalid Al Falih, Prince Mohammed bin Salman's, Sayeed, Shivam Patel, Krishn Kaushik, Ed Osmond, Angus MacSwan Organizations: Saudi, Crown, REUTERS, Foreign Ministry, European Union, United Arab, Initiative, Saudi Investment, Gulf Cooperation Council, Thomson Locations: New Delhi, India, DELHI, East, South Asia, Indian, Delhi, United States, Saudi Arabia, United Arab Emirates, Monday, Saudi
WASHINGTON (AP) — The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of U.S. sanctions. In addition, as part of the deal, the administration has agreed to release five Iranian citizens held in the United States. The transfer of the $6 billion was the critical element in the prisoner release deal, which saw four of the five American detainees transferred from Iranian jails into house arrest last month. Political Cartoons View All 1152 ImagesDue to numerous U.S. sanctions on foreign banks that engage in transactions aimed at benefitting Iran, several European countries had balked at participating in the transfer. Blinken’s waiver is aimed at easing their concerns about any risk of U.S. sanctions.
Persons: , Biden, Antony Blinken, Joe Biden Organizations: WASHINGTON, The Associated Press, Mideast Locations: Iran, South Korea, Qatar, U.S, United States, Eastern
DUBAI, United Arab Emirates (AP) — A Greek shipper has pleaded guilty to a charge over it smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, U.S. federal court papers seen Thursday by The Associated Press show. In July, the top commander of the Revolutionary Guard’s naval arm threatened further action against anyone offloading the Suez Rajan, with state media linking the recent seizures to the cargo’s fate. In its 2015 nuclear deal with world powers, Iran regained the ability to sell oil openly on the international market. It also began a cat-and-mouse hunt for Iranian oil cargo — as well as series of escalating attacks attributed to Iran since 2019. China is believed to be a major buyer of Iranian oil, likely at a significant discount.
Persons: shipper, Tourkantonis, Mark Wallace, George W, Bush, , ” Wallace, Biden, Suez Rajan, Donald Trump Organizations: United Arab Emirates, Associated Press, Navigation, U.S, Nuclear, Empire, United Nations, Nuclear Iran, AP, Suez, Chevron Corp, Revolutionary, Embassy, U.S . Navy, Iranian, Locations: DUBAI, United Arab, Suez, Islamic Republic, Tehran, Washington, South Korea, Iran, U.S, Nuclear Iran, Persian, South, Singapore, Mexico, Houston , Texas, Athens, Greece, Gulf of Mexico, America, Hormuz, Swiss, Switzerland, Bataan, Strait, Gulf of Oman, China
The lavish wedding of Jordan’s crown prince this spring was breathlessly anticipated for months in the kingdom’s state media, and when it arrived, it did not disappoint. After days of public festivities, celebrities and royalty decked out in designer clothing swanned about an opulent palace. Then in July, the Jordanian authorities blocked AlHudood — Arabic for “The Boundaries” — making it the latest casualty in an escalating clampdown on free speech. But for a decade, the site had carefully navigated the red lines of what could and could not be published in the kingdom. Isam Uraiqat, the founder of AlHudood who now lives in London, said the ostentatious display of wealth in a country with widespread poverty made it an irresistible target for satire.
Persons: Jordan’s, yank, Isam Uraiqat, AlHudood Locations: London
The oily visage of a butter cow is an alluring sight at state fairs across the nation, but few people have taken the time to think about what’s inside them. Warning: It’s not more butter. Instead, like any large sculpture not hewn from a solid block of clay or ice (or sometimes butter), the cows and other large dairy-based sculptures are assembled around an internal framework, or armature. Paul Brooke, the lead sculptor for the American Dairy Association Mideast butter cow display at the Ohio State Fair, said that people have questioned why the sculpture was not made only of butter “over the years off and on.” It comes down to basic sculpting principles, he said. “It would work without the armatures if you could start with a huge block and just do the whole thing just by carving removal of butter, it would stand,” Mr. Brooke said.
Persons: Paul Brooke, Mr, Brooke Organizations: American Dairy Association, Ohio State Fair
Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.
Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, , hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG
A United Nations operation to transfer more than one million barrels of oil from a decaying tanker into another ship off the coast of Yemen has been completed, officials said on Friday, averting a catastrophic spill that could have devastated marine life and communities across the Red Sea. But with one crisis averted, another looms: The recovery vessel could be stranded until thorny negotiations over who owns the transferred oil are resolved. For years, both of those governments have claimed ownership of the oil on the decaying tanker, called the FSO Safer, hoping to gain desperately needed revenue from its sale. “The most pressing step was to prevent oil spillover from the deteriorating FSO Safer,” said Ahmed Nagi, a senior Yemen analyst at the International Crisis Group, an organization that researches conflicts. “Now, with the salvage operation concluded, we find ourselves returning to the difficult point concerning the oil inside the tanker.”
Persons: , Ahmed Nagi Organizations: Nations, FSO, Crisis Group Locations: Yemen
LONDON/HOUSTON/SINGAPORE, July 31 (Reuters) - Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. JP Morgan analysts said this month that oil inventories - which include crude and fuel products - now play a bigger role in determining oil prices than the U.S. dollar because Western sanctions on Russia have accelerated oil trading in other currencies. Stock declines have been geographically uneven so far, with inventory falls in the United States and Europe offset by increases in China and Japan. Weekly stocks of diesel, jet fuel and fuel oil in the five regions are also currently below their five-year averages. Crude inventories in Japan have added 25 million barrels, or 8%, since April to stand at their highest in nearly two years, according to Kayrros.
Persons: Morgan, Christopher Haines, Cushing, Kayrros, Antoine Halff, Macquarie, Vikas Dwivedi, JP Morgan, Dwivedi, we've, Muyu Xu, Stephanie Kelly, Simon Webb, Kirsten Donovan Organizations: U.S, Energy, International Energy Agency, Organization of, Petroleum, OECD, OPEC, UBS, U.S . Energy Information Administration, Reuters Graphics Reuters, FGE Energy, United Arab, Reuters Graphics, Macquarie, Thomson Locations: HOUSTON, SINGAPORE, Saudi Arabia, Russia, United States, Europe, China, Japan, Saudi, Oklahoma, Singapore, Fujairah, United Arab Emirates, Mideast, Ukraine, Portugal, Reuters Graphics China, Iran, Venezuela, North Africa, Asia, New York
Meanwhile, the black market for smuggled subsidised Nigerian fuel in Togo and neighbouring Benin and Cameroon has collapsed, further reducing demand for shipments via Nigeria. Average monthly West African (WAF) gasoline imports fell by 56% in the second quarter compared with the first, according to Refinitiv Eikon data. "The key point is demand from West Africa is drying up," said Refinitiv Lead Oil Analyst Raj Rajendran. There may simply be a baseline decrease in demand," said Sparta Commodities gasoline market analyst Philip Jones-Lux. The challenge is coming from the new refineries in the Middle East that are expanding from their traditional East Africa market to now include West Africa and beyond even to the Americas," Rajendran said.
Persons: Bola Tinubu, Jeremy Parker, Raj, naira, Philip Jones, Jones, Lux, Rajendran, Shadia, Barbara Lewis Organizations: Nigeria's, West, ARA, Reuters Graphics, Sparta Commodities, Thomson Locations: Africa, Nigeria, North America, West Africa, Europe, United States, Asia, Ukraine, Togo, Benin, Cameroon, Amsterdam, Rotterdam, Antwerp, Sparta, Mideast, Russia, European, East Africa
U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. The Middle East, a region long known for its oil and gas riches, is investing in a new, more sustainable future potentially dominated by electric vehicles. The electric vehicle sector is booming in Israel, with electric vehicle deliveries in the first half of this year over 210% higher than the same period last year. "There's a growing recognition that countries need to do something on climate," said Tammy Klein, chairperson of the Electric Vehicle Council. "I think Middle Eastern countries are no different."
Persons: Larry Fink, Amin Nasser's, Tammy Klein, Klein, Robert Falck, we'll, " Falck Organizations: BlackRock, Saudi, Lucid, Gauss Auto, Marson Group, Electric Vehicle Council, EV, Einride, UAE Ministry of Energy, Infrastructure Locations: Saudi Arabia, Saudi Aramco, Israel, Bahrain, American, U.S, Europe, UAE, Sweden, It's, Abu Dhabi, Dubai, Sharjah
A second metric the firm uses is the difference in weighted compete score, which measures the direction the market is trending in. It's based on a year-over-year change in the overall compete score. A good way to look at the data is by considering both the overall score and the changing score. Marr says investors should pay more attention to the difference in the compete score, and specifically, areas that are facing steep increases versus declines. Below is a list of June's year-over-year difference in weighted compete score listed from lowest to highest positive change and the overall weighted compete score.
Persons: Taylor Marr, Marr, it's Organizations: MLS, Boston Locations: East, Redfin, It's, Lake County , Illinois, Chicago, Austin, Nashville, Las Vegas, Phoenix, Montgomery County, Columbus, Baltimore, Elgin, IL, Louis, Camden, NJ, Akron, York, NY, Providence, RI, Madison, WI, Haven, Newark , NJ, Bridgeport, County, Hartford, Milwaukee, Cincinnati
But it remained unclear whether there would be any long-lasting effect after nearly a year and a half of heavy fighting in the West Bank. Since early 2022, Israel has been carrying out near daily raids in the West Bank in response to a series of deadly Palestinian attacks. They also point to increased West Bank settlement construction and violence by extremist settlers . Across the West Bank, Palestinians observed a general strike to protest the Israeli raid. Israel captured the West Bank, east Jerusalem and the Gaza Strip in the 1967 Mideast war.
Persons: Benjamin Netanyahu, Israel, ultranationalists Organizations: West Bank, Israel's, Palestinian, Big, Associated Press Locations: Jenin, Israeli, Israel, Palestinian Authority, Bank, alleyways, Tel Aviv, Gaza, Jerusalem
Asia's third-largest economy imported about 1.9 million barrels per day (bpd) of Russian oil in April, about 4.4% higher than the previous month, the data showed. Higher imports from Russian raised the share of oil from the C.I.S. India's oil imports from various regionsRussia remained the top oil supplier to India for the sixth-straight month in April, followed by Iraq and Saudi Arabia. Oil imports from Russia also rose as Indian Oil Corp (IOC.NS), the country's top refiner, raised the size of its annual import deal with Rosneft (ROSN.MM). Lower purchases of oil from the Middle East dragged OPEC's share of India oil imports to a record low of 46%, the data showed.
"Saudi Arabia is moving from disengagement towards engagement to allow it to focus on pushing ahead on Vision 2030," said Saudi analyst Abdulaziz Sager. A Saudi official said the United States and China are both very important partners for Riyadh. Washington and Riyadh are working on addressing common security challenges, he said. "The Saudis don’t want to be in a shooting war between Iran and the United States. Shadi Hamid of the Brookings Institution in Washington said Saudi Arabia's view that the U.S. is increasingly disengaged from the region is not entirely wrong.
Saudi Arabia's cabinet approved a decision to join a China-led security bloc, strengthening Riyadh's eastern ties in a further step away from U.S. interests. The organization further tallies four observer states — including Iran — and nine dialogue partners, counting in Saudi Arabia, Qatar and Turkey. The White House did not immediately respond to a CNBC request to comment on Saudi Arabia's new dialogue partner status in the SCO. Saudi interests have long been intertwined with those of leading SCO members China and Russia. Beijing is Riyadh's largest trading partner, with bilateral trade worth $87.3 billion in 2021, according to Reuters.
Iranian-backed militias brushed aside U.S. warnings and mounted fresh attacks that brought two U.S. sites in eastern Syria under fire and injured an American service member, a U.S. official said Friday. The previous day, Iranian-backed groups mounted a drone attack that killed a U.S. contractor and wounded five service members and another contractor.
The Wrong Indictment Against Trump
  + stars: | 2023-03-24 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
The New York Times last week recounted the memories of Ben Barnes , 84, who traveled to the Mideast in the summer of 1980, at the height of the U.S. presidential election, with his political mentor, Texas political powerhouse John Connally . There, Mr. Barnes said, Connally urged heads of state not to push for a deal with President Jimmy Carter to release the American hostages held in Iran, but to wait for Ronald Reagan to offer a better one. Highly partisan Democrats are like their Republican counterparts in that they always think their man didn’t lose but was cheated out of what was his. However: Reagan beat Mr. Carter, an incumbent president with all an incumbency’s powers, 489 electoral votes to 49. America hadn’t seen a sitting president lose in a landslide since FDR took out Herbert Hoover in 1932.
U.S. forces in Syria are coming under renewed pressure from Iran-backed militias, illustrating Washington’s challenges as it seeks to pull back from the Middle East while the influence of geopolitical rivals China and Russia is growing in the region. The latest series of tit-for-tat strikes began Thursday when militants carried out a drone attack on U.S. forces in northeast Syria, killing an American contractor and wounding six other Americans. The U.S. accused Iran of backing the attacks and sent two F-15Es to bomb sites it said were used by Iran-backed forces in Syria, the U.S. military said. Hours later, militants fired 10 rockets at a second U.S. base in eastern Syria, including one the military said missed by 3 miles and hit a house, injuring two women and two children.
A-10 attack planes at an air base in Tucson, Ariz. The U.S. military is looking to send the older A-10s to the Middle East. The U.S. will send aging A-10 attack planes to swap for more advanced combat aircraft in the Middle East as part of a Pentagon effort to shift more modern fighters to the Pacific and Europe to deter China and Russia, U.S. officials said. The deployment of the A-10s, scheduled for April, is part of a broader plan that also calls for retaining modest naval and ground forces in the Middle East region.
U.S. forces in both countries combat Islamic State militants, who are also active from North Africa to Afghanistan. MASSIVE COSTSThe costs of U.S. involvement in Iraq and Syria are massive. "It was worth it because the decision was not simply: 'Does Saddam pose a WMD threat in 2003?'" IN THE GULF'Ryan Crocker, who served as U.S. ambassador in Iraq, said the 2003 invasion did not immediately undermine U.S. influence in the Gulf but the 2011 withdrawal helped push Arab states to start hedging their bets. Reporting By Arshad Mohammed and Jonathan Landay; Additional reporting by Idrees Ali; Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.
[1/2] Saudi Crown Prince Mohammed bin Salman attends an Arab summit with U.S. President Joe Biden (not seen), in Jeddah, Saudi Arabia, July 16, 2022. If the resolution passes, the administration must submit the report within 30 days, or all security assistance to the country automatically stops. After the report is received, the act stipulates that Congress may adopt a joint resolution terminating, restricting or continuing security assistance to that country. Aides said it was too soon to assess how the resolution would be received, but they hoped it would trigger a broader conversation about human rights. Murphy, long a vocal critic of the conflict in Yemen and Riyadh's record on human rights, praised Biden for being willing to reassess ties.
Wang Yi, China’s top diplomat, center, in Beijing on Friday with counterparts Musaad bin Mohammed Al Aiban of Saudi Arabia and Ali Shamkhani of Iran, in an image provided by China Daily. News that China brokered a Mideast diplomatic breakthrough offered the most tangible evidence to date that Beijing is willing to leverage its global influence to help resolve foreign disputes. In a statement issued along with China, rivals Saudi Arabia and Iran said Friday they agreed to re-establish diplomatic ties that were severed in 2016. To propel the agreement, China hosted an unannounced four-day negotiating session between the Middle East adversaries in Beijing, where the parties pushed an agreement over the finish line.
RIYADH, Saudi Arabia—This oil rich kingdom unveiled a new international airline called Riyadh Air, aiming to compete with a handful of other Mideast carriers that have used their geography to build world-class airlines and attract business travelers and tourists. Saudi Arabia’s sovereign-wealth fund, the Public Investment Fund, is close to committing to a big order of Boeing Co. jets to underpin the new airline, The Wall Street Journal first reported over the weekend. A deal, which could be announced as early as this week, would be a boon for the aircraft maker and a big bet by Riyadh that it can compete in an already-crowded Mideast aviation market.
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