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Zarif: No talks unless US shows respect for Iran

Zarif: No talks unless US shows respect for Iran

Iran's Foreign Minister, Mohammad Javad Zarif, has said his country won't negotiate with President Donald Trump unless the US shows Tehran "respect" by honoring its commitments under the disputed nuclear deal, reports CNN.

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Iran to sell oil for a 30% premium

Iran to sell oil for a 30% premium

Given the U.S.’s deployment earlier this month of an aircraft carrier battle group to the Persian Gulf and comments that it may send up to 120,000 troops to the Middle East to deal with any untoward action by Iran, Tehran has been busy trying to build safety buffers through its allies. Simon Watkins writes in Oil Price that having put in place a strategy to try to exploit existing divisions between the U.S. and Europe, Iran has now reached an agreement with the Federal Government of Iraq in Baghdad to expand co-operation between the two countries in the economically vital oil sector, including, critically, the sale of Iranian oil under the guise of Iraqi oil. This trick was first used when the last full-scale international sanctions were ramped up in 2012 but the scope of the new deal far outstrips that arrangement. On the face of it, the most obvious signal of this is the plan announced by National Iranian Oil Company (NIOC) director, Ramin Gholampour Dezfouli, last week for the state oil giant to open a representative office in Baghdad. The official line from Iraq’s Oil Ministry is that: “The role of [the representative] office will be limited to technical and engineering services, such as establishing pipelines and engineering equipment, which Iraq favours given their very low prices...It will not involve oil trade.” Oil Ministry spokesman, Hamza Jawahiri, however, did say that the office would also allow for joint organisational work to be done on the 12 fields that Iran shares with Iraq – some of the world’s largest oil reservoirs – and that this type of co-operation is not strictly prohibited under the sanctions that the U.S. re-imposed on Iran late last year.

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IRENEX to offer light crude at $67.28

IRENEX to offer light crude at $67.28

The representative of Iran’s National Iranian Oil Company (NIOC) announced on Saturday that light crude oil is to be offered at Iran Energy Exchange (IRENEX) at the base price of $67.28 in the next round of oil auction.

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US builds case for military confrontation with Iran

US builds case for military confrontation with Iran

The State Department ordered several hundred U.S. diplomatic personnel to leave Iraq on Wednesday, citing heightened threats from neighboring Iran amid a buildup of U.S. military forces in the volatile region and growing concerns of a potential conflict with Tehran.

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Pompeo asks Iraq to pass message to Iran

Pompeo asks Iraq to pass message to Iran

Sometimes you have to listen hard to Donald Trump to find out what he really wants to say. Last week, the US president buried an invitation to Iran to come and talk to him under piles of bile about John Kerry, the former secretary of state, and his contacts with Tehran.

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Iran accuses US of escalating tensions

Iran accuses US of escalating tensions

Senior Iranian officials warned the US against conflict Tuesday, as Russia's foreign minister spoke of a "downward spiral" and the US narrative of a deepening threat from Iran was questioned and contradicted.

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