US still aiming to cut Iran oil sales to zero: US envoy for Iran

Updated 15 October 2018

US still aiming to cut Iran oil sales to zero: US envoy for Iran

  • Hook said Iran's ballistic missile activities need to be deterred.
  • An industry source and tanker data revealed that Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East.

PARIS: The United States is still aiming to cut Iran's oil sales to zero and does not foresee the re-imposition of oil sanctions against Tehran on Nov. 4 as having a negative impact on the market as it is well-supplied and balanced, Washington's special envoy for Iran said on Monday.
Speaking to reporters in a conference call, Brian Hook also said Iran's ballistic missile activities need to be deterred and that European efforts to create a special purpose vehicle for trade with Tehran would find no demand as more than 100 foreign firms had indicated they would be leaving the country.

Hook's statements came as an industry source and tanker data revealed that Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, the latest sign that shipments are taking a major hit from looming US sanctions.
The Islamic Republic has exported 1.33 million barrels per day so far in October to India, China, Turkey and the Middle East, according to Refinitiv Eikon data. No vessels are shown heading to Europe with Iranian crude.
However, an industry source who also tracks the exports estimated shipments at 1.5 million bpd, including vessels which are not showing on AIS satellite tracking, of which a 1 million-barrel tanker is going to Italy.
That’s down from at least 2.5 million bpd in April, before President Donald Trump in May withdrew the United States from a 2015 nuclear deal with Iran and reimposed sanctions. The figures also mark a further fall from 1.6 million bpd in September.
The expected loss of a sizeable amount of Iranian supply has helped drive a rally in oil prices, which on Oct. 3 hit their highest since late 2014 at $86.74 a barrel. Crude has since eased to $81 although analysts say the Iranian export drop remains supportive.
“It’s one of the reasons why prices are still above $80,” said Eugen Weinberg, analyst at Commerzbank.
The October figures add to signs that buyers are sufficiently wary of the US sanctions to stop or scale back their Iranian crude dealings, and that exports are falling more steeply than some in the market expected.
For sure, definitive export data is hard to uncover. Tanker schedules are often adjusted, exports vary week by week and the tracking of tankers, while easier than in the past due to satellite information, remains both art and science.
In the first week of October, Iran’s crude exports averaged 1.1 million bpd according to Refinitiv and less than 1 million bpd according to another industry source.
While Washington has said it wants to cut Iran’s oil exports to zero, Iran and Saudi Arabia say that is unlikely to happen. The Trump administration is considering waivers on sanctions for countries that are reducing their imports.
India, a major buyer, has ordered Iranian oil for November.
Iran, which has pledged to block any OPEC supply increase that the country deems to be against its interests, says it has found new buyers for its oil and its crude output has fallen only slightly.
For September, Iran told OPEC its crude output dropped by 50,000 bpd to 3.76 million bpd, while consultants and government agencies that OPEC uses to monitor production reported a larger fall to 3.45 million bpd.
Indeed, Iran may not yet have cut production to match the rate of decline in its exports, as the country appears to be storing more oil on ships, as it did during sanctions that applied until the 2015 nuclear deal.

 


Jordan criticizes Israel over Al-Aqsa Mosque changes

Updated 18 August 2019

Jordan criticizes Israel over Al-Aqsa Mosque changes

  • Palestinians welcomed the Jordanian position but expressed concerns over a decline of support for Amman’s custodianship of the holy places at Al-Aqsa

AMMAN: Jordan has stepped up its diplomatic pressure on Israel, demanding that they do not change the status quo at Jerusalem’s Al-Aqsa Mosque.

Zaid Lozi, director-general of Jordan’s Foreign Ministry, summoned Israeli Ambassador to Jordan Amir Weissbrod to protest Israel’s actions in Jerusalem.

According to Petra News, Lozi told the envoy that recent remarks by Israeli Public Security Minister Gilad Ardan over changing the status quo at Al-Aqsa Mosque are unacceptable. Lozi added that the mosque is a place of worship for Muslims only.

Jordanian Foreign Minister Ayman Safadi addressed a group of EU ambassadors in Amman and “stressed the urgency of effective international steps against Israel’s violations of Holy Sites in occupied Jerusalem.”

Safadi told Arab News that the situation in Jerusalem is challenging and must be addressed. He said that he will present a detailed report on Jordan’s position to Parliament on Monday.

The ministry denounced the Israeli authorities’ closure of the mosque’s gates and demanded that Israel respects its obligations in accordance with international humanitarian law.

HIGHLIGHT

• Muslims insist that all 144,000 square meters of the UNESCO World Heritage Site are a single unit that has belonged to them for 11 centuries.

Hatem Abdel Qader, a member of the Jerusalem Islamic Waqf, told Arab News that Israeli authorities had been attempting to enforce major changes at the mosque.

“Security forces barged into the mosque yesterday. They went to the Bab Al-Rahmeh Mosque where they confiscated carpets and the closet where shoes are kept.”

Jordan’s diplomatic statements follow comments by Ardan, who said that Israel is disappointed with the current state of affairs at Al-Aqsa Mosque.

According to Israeli officials, the mosque area is sovereign Israeli territory, despite it being administered by Jordan. Muslims insist that all 144,000 square meters of the UNESCO World Heritage Site are a single unit that has belonged to them for 11 centuries.

Qader said that Palestinians welcomed the Jordanian position but expressed concerns over a decline of support for Amman’s custodianship of the holy places at Al-Aqsa.

“There appears to have been a gradual deterioration of Arab and Islamic support to Jordan. It surprises me that Muslims have been quiet, perhaps they see an advantage if Jordan’s role is diminished? If true, this would be dangerous.”

Qader, a former minister in the Palestinian government and a current member of the Fatah Revolutionary Council, told Arab News that Jordan’s position “guarantees continuation of the status quo.”