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Top Iranian Nuclear Scientist Killed: What You Should Know
Friday, November 27, 2020 - 3:14pm | 479Read More...The SDPR S&P 500 ETF Trust (NYSE: SPY) gave up some of its early gains on Friday following reports from Iran that a top nuclear scientist in the country has been assassinated. What Happened: On Friday, Iran’s government said Mohsen Fakhrizadeh, the so-called “father of the...
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Amazon Agrees To Pay Treasury Department To Settle Allegations Of US Sanctions Violations
Friday, July 10, 2020 - 3:58am | 259Read More...Amazon.com Inc. (NASDAQ: AMZN) has agreed to a settlement with the Treasury Department for allegations of violating the United States sanctions programs. What Happened The e-commerce giant will pay $134,523 to the department's Office of Foreign Assets Control as part of the settlement. OFAC...
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Iran Wants To Arrest Donald Trump Over General Qasem Soleimani Death In Baghdad
Tuesday, June 30, 2020 - 7:51am | 343Read More...Iran has issued arrest warrants against 36 individuals, including the president of the United States Donald Trump, over the killing of General Qasem Soleimani, the commander of the Islamic Revolution Guard Corps. What Happened Ali Alqasi Mehr, Attorney General of Tehran, said that Trump would be...
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Iran Threat Looms As Tanker Market Booms
Thursday, April 23, 2020 - 4:03pm | 1542Read More...It was October 2019, just six months ago, but ancient history for tanker trades. Rates for very large crude carriers (VLCCs, tankers that carry 2 million barrels of crude oil) spiked to $200,000 per day. Tension in the Middle East was a key driver. The threat that military action with Iran could...
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Sanctions, Stimuli And COVID-19: Today's Oil News
Tuesday, March 10, 2020 - 11:10am | 729Read More...Since the U.S. introduced nuclear-related sanctions in 2018, production has stalled at more than 25% of Iran’s oil rigs, according to a Reuters report. Of the state’s 160 rigs, about 40 stand idle or require repair. The sanctions depressed global demand of Iranian oil and led the state...
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US Indictment Alleges Illicit Huawei Exports To North Korea, Iran
Friday, February 14, 2020 - 10:12am | 1041Read More...A U.S. indictment against Huawei Technologies Co. Ltd., which was released in a New York federal court this week, takes aim at the Chinese telecom's alleged U.S. sanctions-violating activities in North Korea and Iran. According to the 56-page indictment, Huawei violated the International Emergency...
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Twitter: 'State-Backed Actors' In Iran, Israel May've Exploited Glitch That Matched Users To Phone Numbers
Tuesday, February 4, 2020 - 5:27am | 360Read More...Twitter Inc. (NYSE: TWTR) on Monday said that a vulnerability in its android application might have been exploited by "state-backed actors" in Iran, Israel, and Malaysia. What Happened The vulnerability made it possible for anyone to generate random phone numbers and match them to...
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US Treasury Formalizes Channel For Continued Humanitarian Aid To Iran
Friday, January 31, 2020 - 1:37pm | 448Read More...While the Trump administration continues to ratchet up economic sanctions against Iran, the U.S. continues to supply humanitarian aid to Iranian citizens. The U.S. Treasury Department on Thursday said it has recently established a new "humanitarian channel" through the Swiss government, which will...
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US Considers Withdrawing Military Aid If Iraq Expels Troops
Wednesday, January 15, 2020 - 12:48pm | 327Read More...The United States is considering withdrawing $250 million in military aid to Iraq if the country expels American troops from the country, The Wall Street Journal reported Tuesday. What Happened President Donald Trump's administration could also abandon a host of other economic and...
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Why Haven't Iran Tensions Hiked Tanker Rates (Yet)?
Tuesday, January 14, 2020 - 10:10am | 1343Read More...What makes markets so interesting — and maddening — is that they tend to behave in ways you didn't expect. Take crude-tanker shipping. In October 2019, the threat to oil exports from the Middle East pushed spot freight rates to $190,000 per day. The supply-demand balance is even tighter now, and...
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Protests Continue in Iran, Police Deny Use Of Live Ammunition
Monday, January 13, 2020 - 11:28am | 620Read More...Iranian police have denied reports they are shooting at protesters in Tehran, and the city's police chief said officers are under orders to show restraint as demonstrations continue against the country's leadership. Videos posted on the internet recorded what looked like at least one...
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New US Sanctions Aim To Dent Iran's Metal Producers
Friday, January 10, 2020 - 3:28pm | 760Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) will impose new economic sanctions against 17 Iranian metal producers and mining companies in the aftermath of a recent missile attack against American military forces in Iraq. The sanctions also target a network of three China...
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Energy Lag: Sector Earnings Seen Sagging Despite Crude Prices Rising In Q4
Friday, January 10, 2020 - 2:24pm | 2284Read More...Even before tension spiked in the Middle East on Jan. 2 when the U.S. assassinated an Iranian military official, crude was on the rise. Now we’re heading into the Energy sector reporting season with oil prices in a state of flux—having touched their highest levels since April of last...
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Why A Downed Airliner In Iran Worries Canada's Soy Farmers
Friday, January 10, 2020 - 10:13am | 716Read More...Ron Davidson, executive director of Soy Canada, listened wearily Thursday as Prime Minister Justin Trudeau announced that preliminary evidence showed that an Iranian missile, perhaps errantly, shot down a Ukrainian airliner, killing more than 60 Canadians. "The bottom line is we're concerned about...
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Friday's Market Minute: Bulls Trample Mid-Week Dip
Friday, January 10, 2020 - 10:01am | 214Read More...Tuesday evening’s 1.6% drop in the S&P 500 futures contract may not have even registered with some traders. News of the U.S. airstrike that killed Iran’s top general sent the /ES tumbling 54.25 points down to 3181, but aggressive dip-buying quickly erased the downward spike before...
