Tag

Meanwhile, the spread between the Brent and the WTI crude contracts stood at 7.08 a barrel, compared to 6.88 by close of trade on Wednesday.

Opponents of the deal claim the White House is naive to believe that it will temper the Iranian regime, which was founded on the extreme Islamist doctrine of Ayatollah Ruhollah Khomeini.

U.S. Senator Bob Menendez (D-NJ) gives a speech announcing he will not support President Obama’s Iran nuclear deal at Seton Hall University on August 18, 2015 in South Orange, New Jersey.

“We don’t subscribe to that notion, but we are skeptical that, should Iran attempt to consider moving to a nuclear weapon, we could deter them from pursuing it through economic sanctions alone”.

He pointed out that most of those opposed to the Iran deal supported the invasion of Iraq in 2003, thus implying that they were warmongers-conveniently overlooking that his vice president and both of his secretaries of state voted for the war in Iraq.

But sharp price falls are beginning to encourage demand and the IEA forecast world oil demand would grow by 1.6 million barrels per day this year, up 200 000 bpd from its previous estimate and the fastest pace in five years. At the Multi Commodity Exchange, crude oil for delivery...

If he announces he is a “no” as predicted, he will join New York Sen.

A prominent Democratic senator said on Tuesday he would oppose an agreement on Iran’s nuclear programme in a fresh sign of trouble for President Barack Obama as he seeks to secure support for the deal from lawmakers.

Kerry also warned that the U.S. could lose its military standing in the world should Congress reject the deal and insist its allies concede to U.S. sanctions on Iran. “I’ve decided I must oppose the agreement and will vote yes on a motion of disapproval“. It...

Additionally, several members of Congress reported late last month that an adviser to French President Francois Hollande had told them that Congressional rejection of the current deal could be the basis of reopening negotiations and getting a better deal.

Poroshenko will meet German Chancellor Angela Merkel and French President Francois Hollande in Berlin on Monday in a bid to end a new wave of violence in east Ukraine between Russian-backed rebels and Ukraine’s armed forces.

The Obama administration has been locked in a public battle with Congress about the agreement, amid fierce opposition from many Republicans as well as some key Democrats, including Sen.

U.S. Senate Majority Leader Mitch McConnell touts himself as a free trade advocate, but he’s warning that how tobacco is treated in a potential Pacific Rim trade

Menendez, who recently stepped down as ranking member of the Senate Foreign Relations after being indicted on public corruption charges, joins Sen.

Obama has promised a veto if the House and Senate vote against the nuclear