Press review: US election criticism and Belgium against CETAPress Review October 25, 13:00
Russian deputy PM: Agreements on crude production cap to stabilize oil sector investmentsBusiness & Economy October 25, 12:46
Russia ready to extend Turkish stream after written guarantees from EU — LavrovBusiness & Economy October 25, 12:34
Pablo Picasso paintings come to lifeSociety & Culture October 25, 12:31
Minsk confirms it is ready to host Contact Group meeting October 26World October 25, 12:09
Moscow surprised as Germany places politics above economy — LavrovRussian Politics & Diplomacy October 25, 12:03
Terrorists cutting off Aleppo residents from humanitarian corridorsWorld October 25, 11:32
Animal abuse probe opened as 2 dolphins, seal and sea lion cub die in Primorye aquariumSociety & Culture October 25, 11:01
South Ossetia's military may be allowed to serve in the Russian army — defense ministerMilitary & Defense October 25, 10:37
WASHINGTON, November 22. /TASS/. The United States has committed to pause efforts to further reduce Iran’s crude oil sales, the White House has said in a statement.
The move comes amid the development of the situation at the Iranian nuclear talks in Vienna and also the situation on the oil markets. According to White House Press Secretary Josh Earnest, the US has increased oil production while the prices hit a record low over the past four years.
“While market conditions suggest that there is sufficient supply to permit additional reductions in purchases or Iranian oil, the United States has committed to pause efforts to further reduce Iran’s crude oil sales during the period of the Joint Plan of Action between the P5+1 and Iran,” the statement said.
“In return for this and other limited relief measures, Iran has taken steps that have halted - and in key respects rolled back - progress on its nuclear program. The International Atomic Energy Agency has verified that Iran is meeting these commitments,” it reads.
Washington’s sanctions cut off the US financial system from any entity that facilitates the purchase of Iran’s oil through Tehran’s Central Bank. The US granted several exceptions to major importers of Iran’s oil for the period of 180 days.