Energy News  
TRADE WARS
US Iran sanctions to target auto, aircraft sectors first: French govt source
by Staff Writers
Paris (AFP) May 15, 2018

The United States will re-establish sanctions against Iran progressively, kicking off with the automobile and civil aviation sectors, a source close to the French government said on Tuesday.

Energy and finance will follow, with companies facing punishment if they continue to do business with Iran, after US President Donald Trump withdrew from a landmark nuclear deal with Tehran.

August 6 will see the re-introduction of auto and civil aviation sanctions, according to the source.

Sanctions in the energy sector, covering oil, gas and petro-chemicals, will follow on November 4.

"There will be the obligation to reduce imports of Iranian crude oil and, in more general terms, sanctions on any commercial operations and transactions of the (energy) sector with Iran," the source said.

On the same day, sanctions will be extended to the financial sector with "a ban on transactions with a certain number of major financial actors, including the central bank" and on the use of messaging systems such as the international banking system Swift, the source said.

Attributions of so-called "General Licence H" allowing subsidiaries of US companies to deal with Iran will be revoked, the source said.

Washington has given companies 90 to 180 days to wind up contracts with Iran and banned them from signing new ones, under threat of sanctions.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Trump administration faces crunch week on trade
Washington (AFP) May 15, 2018
President Donald Trump's trade team faces a crunch week as they juggle talks on multiple sensitive issues representing hundreds of billions in trade amid pressing deadlines. High-stakes negotiations will take place with China, the European Union and Washington's two North American Free Trade Agreement partners. And while the talks have been going on for weeks and months, key deadlines are fast approaching - critically for NAFTA. - NAFTA deadline - Officials have been working furiously t ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
New phase of globalization could undermine efforts to reduce CO2 emissions

Carbon taxes can be both fair and effective, study shows

Trump rolls back Obama-era fuel efficiency rules

Lights out for world landmarks in nod to nature

TRADE WARS
Microwaved plastic increases lithium-sulfur battery lifespan

World's fastest water heater

Heat and sound wave interactions in solids could run engines, refrigerators

Revealing the mysteries of superconductors

TRADE WARS
German utility E.ON sees renewable sector growth

Germany's E.ON wants even bigger wind footprint

US renewables firm takes Poland to court over U-turn on windmills

New control strategy helps reap maximum power from wind farms

TRADE WARS
Renewable Energy Jobs Reach 10.3 Million Worldwide in 2017

California becomes first US state to require solar on new homes

meeco deploys solar powered electric bikes for Safari camps in Kenya

Asian markets have renewable energy edge

TRADE WARS
Demonstration proves nuclear fission system can provide space exploration power

Framatome and Vattenfall sign contracts for the delivery of fuel assembly reloads

Balancing nuclear and renewable energy

Framatome receives two patent awards for nuclear innovations

TRADE WARS
Toward organic fuel cells with forest fuels

Solar powered sea slugs shed light on search for perpetual green energy

Novel approach for photosynthetic production of carbon neutral biofuel from green algae

Energy recovery of urban waste

TRADE WARS
US Navy sees 'period of uncertainty' in Gulf

Citing geopolitical risk, U.S. raises oil price forecast

Russia's Rosneft reaps rewards from higher oil prices

Russia commits to JCPOA following U.S. pullout

TRADE WARS
In ancient rocks, scientists see a climate cycle working across deep time

Earth's orbital changes have influenced climate, life for at least 215M years

Atmospheric CO2 levels in April hit highest average ever recorded

Total EU carbon emissions rise 1.8 percent last year: Eurostat









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.