White House: US, Saudi Arabia, UAE ‘Have agreed to assure that global demand is met as all Iranian oil is removed from the market’
Oil Surges As White House Confirms It Will End Waivers On Iranian Crude Exports
Commodities Weekly Technical Research Report 22 — 26 April 2019 – Gold Silver Reports
Pompeo started by addressing Sunday’s attacks in Sri Lanka, confirming that Americans were among the victims and affirming that the US stands with the Sri Lankan people in confronting terrorism and respecting religious freedom.
Pompeo credited Trump with implementing the sanctions and denying the Iranian regime some $10 billion in revenue. He affirmed this on Twitter.
Intelligence Doesn’t Rule out a Move Towards $1,400 for Gold in the near Future
Crude Oil prices have erased their earlier gains and fallen below a key technical level after a State Department official revealed that the wind-down period for removing the waivers on Iranian crude exports would be a year.
Saudi Energy Minister Khalid Al-Falih said the kingdom will in the coming weeks consult with other producers to ensure a well-balanced oil market.
U.S. President Donald Trump said on Monday that Saudi Arabia and other OPEC nations could “more than make up” for any drop in Iranian oil supplies to global markets now that his administration has decided to end waivers that allowed some nations to buy Iranian oil without facing U.S. sanctions.
“Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil,” Trump said on Twitter.
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