MWL Secretary General stressed the need for unrestricted delivery of humanitarian aid to the Palestinians by opening all crossings
world9 hours ago
The United States has granted Iraq another 90-day waiver to continue with vital energy imports from neighbouring Iran despite re-imposed sanctions, a government source said on Saturday.
The extension came after "long discussions" with Washington ahead of a looming deadline on a previous extension granted in December, the official, close to the negotiations, told AFP on condition of anonymity.
The talks came amid spiking tensions between Iraq's two closest allies - the US and Iran - following a twin attack on tankers in the Gulf that US President Donald Trump has blamed on Tehran.
Iranian energy imports are vital to Iraq, one of the world's hottest countries, which faces chronic blackouts that often leave homes without power for up to 20 hours a day. Summer temperatures in Baghdad are already topping seasonal averages, boosting electricity consumption and raising fears of a repeat of last summer's mass protests over power outages.
To compensate, Iraq pipes in up to 28 million cubic metres of Iranian gas a day for power generation and also directly imports up to 1,300MW of Iranian electricity. That dependence is uncomfortable for Washington, which sees Tehran as its top regional foe. Trump reimposed unilateral sanctions on Iran's energy and finance sectors in November.
He gave Iraq an initial 45-day waiver to continue buying electricity and natural gas from Tehran, and in December Baghdad was given a 90-day extension.
South Korea halts Iran imports
Meanwhile, South Korea halted all imports of Iranian oil in May, customs data showed on Saturday, as waivers on US sanctions against Iran ended at the start of last month.
The world's fifth-largest crude oil importer was among countries granted six-month waivers by the US in November last year, and resumed Iranian oil imports from January this year.
The country's imports of Iranian crude for the January-May period, were 3.87 million tonnes, or 187,179 bpd, compared to 5.45 million tonnes over the same period last year.
South Korean oil buyers mainly imported condensate, an ultra-light oil, from Iran.
SK Innovation, the owner of South Korea's top refiner SK Energy and petrochemical maker SK Incheon Petrochem, said in late May that it has been replacing Iranian condensate with crude oil from other sources, including Russia.
South Korea's total May crude oil imports fell 11.1 per cent to 11.27 million tonnes, or 2.65 million bpd.
MWL Secretary General stressed the need for unrestricted delivery of humanitarian aid to the Palestinians by opening all crossings
world9 hours ago
In the initial phase, the organisation will process 600 applications from individuals who meet the required conditions
visa and immigration in uae9 hours ago
Israeli forces carried out similar strikes in some other parts of the Hamas-run territory overnight, killing at least 10 people
mena10 hours ago
The suspect was believed to be the key figure behind the January 28 attack
mena10 hours ago
The total number of captives exchanged between the two countries in these mediations to 1994 prisoners
world10 hours ago
Both CCI reports said that during investigations Amazon and Flipkart 'deliberately downplayed' allegations of exclusive launches
tech11 hours ago
The makers released the show's trailer on Instagram on Saturday, giving fans a sneak peek at what's to come
entertainment11 hours ago
With airfares soaring and long waits to secure visas, 'seacations' are now becoming all the rage among travel enthusiasts
uae12 hours ago