Gulf Tensions Ratchet Up With Latest Apparent Tanker Attacks
14 Jun, 2019
Economics & Finance
Iran Threat To Nuke Deal As Exports, Revenues Face Collapse
10 May 2019
As its crude exports slump and economic meltdown looms Iran has called on the EU to ‘uphold its obligations’ under the 2015 nuclear deal. But a restart of EU crude buying is unlikely; even takings by key customer China may be hostage to US trade talks.
Even Iran’s phlegmatic foreign minister Mohammad Javad Zarif looks to have run out of patience. One year on from the unilateral US abrogation of the 2015 nuclear deal known as the JCPOA, Iran has given the deal’s three European signatories, France, Germany and the UK, 60 days to “fulfill their obligations.”
In a televised address on 8 May – the first anniversary of the US withdrawal from the JCPOA – Iranian president Hassan Rohani said his country was scaling back compliance. The country has put on hold relinquishment of uranium and other nuclear materials.
In remarks clearly aimed at the...
Imports Of Iranian Crude And Condensate ('000 B/D)