IAEA Report Shows Iran Continues to Honor Nuclear Deal

The International Atomic Energy Agency monitors Iran's compliance with an international nuclear deal that the United States has pulled out

Washington issued exemptions to eight countries to its ban on buying oil from major producer Iran.

A first round of American sanctions took effect in August, targeting Iran's access to the United States dollar, metals trading, coal, industrial software, and auto sector.

"Sanctions didn't cut so much out of the market as anticipated", Falih said.

A senior diplomat, who was speaking on condition of anonymity because he wasn't officially allowed to discuss the report, said that "there's nothing that indicates that Iran's cooperation or Iran's attitude has changed since November 5".

The reason this report is particularly important this month is that it comes just a week after the United States, who withdrew from the deal six months ago, imposed all the nuclear sanctions eased by the deal back on Iran.

And on Sunday, NIOC sold 700,000 barrels of light crude oil at IRENEX at the price of $64.97 per barrel.

The U.N. atomic watchdog says Iran continues to stay within the limitations set by the nuclear deal reached in 2015 with major powers, aimed at keeping Tehran from building nuclear weapons in exchange for incentives.

Kumar didn't say how much oil India will continue to purchase from Iran, and the USA hasn't provided volume details of the waivers it's granting, Kallanish Energy notes.

The official mentioned offering of one billion barrels of crude oil at IRENEX as a successful trial procedure, Shana reported on Monday. The set price for this round of oil sales was $71.59 per barrel. But he said Riyadh will start cutting production by more than 500,000 barrels a day next month.

The energy minister of the United Arab Emirates, Suhail al-Mazrouei, now the president of OPEC, said further "changes" likely would be necessary when the oil cartel meets in December in Vienna. However, he stressed that more study needs to be done.

Related:

Comments

Latest news

World leaders mark 100 years since end of WWI
There is no word from either the Kremlin or the White House regarding what was said between Trump and Putin at the event. It prompted French journalist Hugo Clement to tweet in response: "We are already great, especially on november 13th".

Comic Book Legend Stan Lee Dead at 95
That outlet noted Lee had suffered several illnesses over the past year or so, including dealing with pneumonia. Lee lost his wife of 69 years, Joan B Lee, in July 2017, and is survived by their daughter Joan Celia.

Dozens Of Mummified Cats Found In Ancient Egyptian Tomb
Cats held a special place in Ancient Egypt and were mummified as religious offerings. "The scarab is something really unique. It is something really a bit rare", said Mostafa Waziri, secretary-general of Egypt's Supreme Council of Antiquities.

Rocket Lab now has a fully operational small satellite launcher
The company's electron rocket launched for a low Earth orbit , carrying a drag sail demonstrator and six small satellites. Rocket Lab will use different mechanisms to raise money, and a listing, at some point, is "under evaluation", Beck says.

London’s Medical Startups Challenge Welcomes a New Judge, Max Polyakov
MBios is a joint project of Innovation House and the Ukrainian Medical Association of the United Kingdom (UMAUK). Such kind of challenges provides the participants with an opportunity to present their projects to the world.

Other news