Iran protesters attack religious school as tensions mount

Iran protesters attack religious school as tensions mount

Saudi Arabia appears to be reluctant to mend ties with Iran, he said, adding, "We believe that the problems originate mostly from inside Saudi Arabia".

China has said it plans to impose tariffs on liquefied natural gas, raising concerns that it could also impose tariffs on oil, said John Kilduff, partner at Again Capital Management in NY.

On the back of renewed tensions between Iran and the U.S., the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the Gulf.

Purchases from Iran could slow from August as imports from Tehran are getting tougher after the United States in May pulled out of a 2015 nuclear deal and announced the renewal of sanctions against Tehran.

More news: Magnitude 7 quake rocks Indonesia's Lombok island: USGS

On Sunday Iran Air will take delivery of five ATR commercial aircraft from the French-Italian firm, slipping in under the wire before the sanctions return.

ATR, jointly owned by European consortium Airbus and Italy's Leonardo, has been pushing USA officials to allow it to finish its delivery of aircraft to Iran.

She told CNBC with regards to the USA sanctions against Iran kicking in next week, "we're looking at tougher rhetoric and potentially tougher actions over August and September".

In May, the United States pulled out of a 2015 deal between world powers and Tehran under which worldwide sanctions on Iran were lifted in return for curbs on its nuclear programme.

More news: Chelsea Transfers: 5 Under-The-Radar Keepers To Replace Thibaut Courtois

Washington's withdrawal from the landmark Iran nuclear deal was criticized across the world. They have also expressed concern about keeping open the waterways off Yemen where Iranian-backed rebels have attacked oil tankers.

Iran's oil exports could fall by as much as two-thirds by the end of the year because of the United States sanctions, putting oil markets under strain amid supply outages elsewhere in the world.

The US administration has vowed to impose sanctions on any company continuing to buy oil from Iran after the November 4 deadline.

Another expert who foresees tightening was far more outspoken in his short-term forecast: Stephen Brennock, oil analyst at PVM Oil Associates, stated in a note on Friday that "Venezuela's ticking time bomb together with the return of Iran's oil industry to the sanctions era has all the makings for a major supply shock".

More news: Samsung Introduces 2-in-1 Samsung Galaxy Tab S4 Tablet

"This exercise was conducted with the aim of controlling and safeguarding the safety of the global waterway and within the framework of the program of the Guards' annual military exercises", Guards spokesman Ramezan Sharif said, according to IRNA.

Related Articles