Iran Warns Gulf States as U.S. Turns Up Economic Pressure
East African Nations Offered 30% Share of Dangote’s Kenya Mega-Refinery Iran has warned Gulf states that any support for U.S.
military operations will make them participants in the war, as the UAE cuts economic ties with Tehran.
Abu Dhabi suspended all trade, commercial exchanges and financial transactions with Iran on Tuesday after accusing Tehran of firing two ballistic missiles toward vessels off the Emirati coast, which Iran has denied.
Trump has now threatened “tremendous” economic consequences for any country whose banks, businesses, airports or government entities provide Iran with “any type of lifeline”.
will announce the “toughest sanctions in history” on Monday.
China is the biggest target, buying more than 80% of Iran’s seaborne oil.
The Iran war has turned a previously marginal military base, Diego Garcia, into a critical U.S.
logistics hub, complicating Britain’s plan to surrender sovereignty over the Chagos Islands to Mauritius.
facilities in Bahrain, the Pentagon shifted more logistics to Diego Garcia, stretching the maritime supply line some 2,200 miles across the Indian Ocean.
Even this, however, isn’t out of Iran’s reach.
Iran fired two ballistic missiles toward Diego Garcia in March, with one falling in flight and the second intercepted.
Britain and Mauritius signed a treaty last year transferring sovereignty while leasing Diego Garcia back to Britain for 99 years, but it hasn’t been implemented due to U.S.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment