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US crude sanctions against Iran could make maintaining the world’s oil supply ‘very challenging,’ IEA says

  • The IEA's closely watched report comes shortly after the re-introduction of U.S. sanctions against Iran, which from November will also include oil exports.
  • "As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maintaining global supply might be very challenging and would come at the expense of maintaining an adequate spare capacity cushion," the Paris-based organization said Friday.
  • For the trading week, Brent is on course to register a near 2 percent fall, while WTI is set for a drop of almost 3 percent.

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Trump, Pompeo brush aside Kim’s deadline for nuclear talks flexibility

16/04/2019, 5:37 AM

U.S. President Donald Trump and his Secretary of State Mike Pompeo on Monday brushed aside North Korean leader Kim Jong Un’s demand for Washington to show more flexibility in nuclear talks by year-end, with Pompeo saying Kim should keep his promise to give up his nuclear weapons before then.

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