The one-day event, accredited by CME, fielded experts from across the globe to discuss cutting-edge advancements in cardiac care
kt network9 hours ago
Oil topped $74 a barrel on Monday, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies.
The United States is expected to say later on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation said, confirming an earlier Washington Post report.
"This does bring a lot more uncertainty in terms of global supplies," said Olivier Jakob, analyst at Petromatrix. "It is a bullish surprise for the market."
Brent crude, the global benchmark, rose as much as 3.3 percent to $74.31 a barrel, the highest since Nov. 1. It was up $1.94 at $73.91 at 0847 GMT.
US West Texas Intermediate crude climbed by as much as 2.9 per cent to $65.87, the highest since Oct. 31, and was last up $1.51 at $65.51.
In November, the US reimposed sanctions on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers.
Washington, however, granted waivers to Iran's eight main buyers - China, India, Japan, South Korea, Taiwan, Turkey, Italy and Greece - that allowed them to continue making limited purchases for six months.
US Secretary of State Mike Pompeo is due make an announcement on Monday, the Washington Post said.
Another drop in Iranian exports would further squeeze supply in a market already tightened through the US sanctions against Iran and fellow OPEC member Venezuela, plus voluntary cuts led by the Organisation of the Petroleum Exporting Countries.
An end to the exemptions would hit Asian buyers hardest. Iran's biggest oil customers are China and India, both of which have been lobbying for an extension to the sanction waivers.
The one-day event, accredited by CME, fielded experts from across the globe to discuss cutting-edge advancements in cardiac care
kt network9 hours ago
The inaugural flight took off on Thursday, May 2, according to Indian media outlets
uae9 hours ago
The former security guard set for international debut after famously taking the wicket of Steve Smith with his first ball in Test cricket in January
sports10 hours ago
Mohammed Fattah Al Burhan Rahmane was riding his motorbike in Ankara in March when he collided with a utility vehicle
mena10 hours ago
Those who do not have permits will be directed to return to their point of origin, the Directorate of Public Security said
asia10 hours ago
Nijjar, 45, was shot dead outside a Sikh temple on June 18 in Surrey, a Vancouver suburb
world10 hours ago
The two-time Grand Slam champion, who won the US Open in 2022 and Wimbledon last year, turns 21 on Sunday
sports11 hours ago
Turkish president says the move is also aimed at increasing the amount of humanitarian aid entering Gaza
mena11 hours ago