Oil prices fall on reports US will allow eight countries to buy oil from Iran despite sanctions November 2, 2018 Oil prices continued to fall on Friday on reports that the US has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions next week. Washington has granted eight nations, including South Korea, Japan and India, waivers on sanctions on Iran, due to kick in on Monday, according to Bloomberg. Brent crude [...]
Cineworld says coronavirus has not hurt ticket sales amid Bond movie delay March 6, 2020 Cineworld has not observed any “material impact” from the coronavirus outbreak on ticket sales, despite the delayed release of the new James Bond film, it said today. The cinema chain attempted to allay fears after its shares fell another seven per cent amid analyst concerns Covid-19 could wipe as much as $5bn (£3.9bn) off the [...]
Coronavirus: Countries step up preventative measures as death toll rises February 25, 2020 Countries around the world are stepping up efforts to prevent the spread of the coronavirus as the number of confirmed global cases hit 80,000. After the World Health Organization (WHO) warned yesterday that the world should prepare for a possible pandemic, worst-hit countries outside of China such as Italy, South Korea and Japan have all [...]
Looming US sanctions on Iran push oil prices higher August 24, 2018 Oil prices climbed this morning amid fears that incoming US sanctions on Iran are likely to reduce crude volumes significantly. Brent crude oil futures were at $75.19 (£58.59) per barrel earlier today, rising 0.6 per cent from their last close, while US West Texas Intermediate (WTI) crude futures were up 0.7 per cent. Brent is [...]
Goldman Sachs and Citigroup halt foreign business trips over coronavirus March 2, 2020 US banking giants Goldman Sachs and Citigroup have expanded their restrictions on business trips by staff in response to the coronavirus epidemic. Citigroup’s restrictions will now cover all international business trips “until further notice”, the bank said. Previously, it had only restricted travel to a select number of countries that had reported outbreaks of the [...]
US military drone shot down by Iranian missile in international airspace June 20, 2019 A US military drone has reportedly been shot down in international airspace by an Iranian missile. The MQ-4C Triton drone was targeted as it flew over the Strait of Hormuz, south of Iran, Reuters said, citing an unnamed US officer. Read more: Jeremy Hunt slams Corbyn for ‘pathetic’ response to oil tanker attack This contradicts [...]
Oil price rally cools but war of words intensifies as Iran and Trump exchange jibes September 26, 2018 The oil price rally has cooled off after the US said it would ensure the market was well supplied before imposing sanctions on Iran and Donald Trump continued his attacks on Opec. Brent Crude Oil dropped to $81.62 per barrel on Wednesday from a four-year high of $82.55 the previous day – WTI Crude [...]
UK suffers first coronavirus death as Diamond Princess passenger dies February 28, 2020 The coronavirus has claimed its first British victim after a man quarantined on the Diamond Princess cruise ship has died, according to the Japanese ministry of health. It said that there had now been six fatalities among the 705 people that tested positive on the coronavirus-stricken ship, with this the first foreigner. The Foreign Office [...]
Syria-bound oil tanker seized by British troops July 4, 2019 Royal Marines this morning boarded a tanker thought to be carrying Iranian oil to Syria through the Strait of Gibraltar. The boarding, which is believed to be the first under EU sanctions on Syria, happened in the early morning. Read more: Rouhani says Iran will ramp up uranium enrichment from Sunday “We have detained the [...]
Europe stands ground over US-Iran feud August 6, 2018 European leaders hit back yesterday at US President Donald Trump’s decision to reimpose sanctions on Iran, which took effect tonight. A joint statement from the UK, French, German and EU foreign ministers said they “deeply regret” the US decision to pull out of the Iran nuclear deal. Trump has repeatedly railed against the agreement signed [...]