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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...
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UK Joins US, Canada To Say Iranian Missile May Have Shot Down Boeing 737, Iran Denies Allegations
Friday, January 10, 2020 - 12:58am | 600Read More...The United Kingdom on Friday advised its citizens to avoid all travel to Iran as it said that there was plenty of evidence that an Iranian missile struck the Ukraine International Airlines aircraft that crashed shortly after leaving the Tehran Airport. Iran has dismissed the allegations as "...
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US, Canadian Officials Say Iran May Have Accidentally Shot Down Crashed Ukrainian Boeing 737
Thursday, January 9, 2020 - 4:01pm | 393Read More...Two U.S. officials say it is "highly likely" a Ukrainian airline that crashed in Iran was brought down accidentally by an Iranian missile. All 176 people on board the jet were killed when the plane crashed late Tuesday just after takeoff in Tehran en route to Kiev, Ukraine. The crash came...
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Back To The Grind: Iran Fears Ease, So Focus Turns To Jobs, Fed Speakers, Earnings
Thursday, January 9, 2020 - 11:01am | 2025Read More...And now back to your regularly scheduled programming. At least that’s the way it feels early Thursday, with the market riding higher in pre-market trading as geopolitical fears ease and investors contemplate news of China’s vice premier heading to Washington next week for a trade...
