American leader Donald Trump told that his country is still open to coming to a compromise with Iran as to blocking its nuclear-weapons program, several days before sanctions on Iran’s shipping and energy sectors kicked back in.
Trump told that America’s goal is to force the Iranian government into a clear choice, referring to the resumption of sanctions against this Middle Eastern country on Monday. Trump told that the choice is to either give up its destructive behavior or keep moving towards a devastating economic disaster.
American leader stressed that the sanctions were actually aimed at the country’s regime, and not at the suffering Iranian population.
Trump told that for this reason, the sale of drugs, food, medical devices as well as agricultural commodities to this Middle-Eastern country has long been, and still remains, absolutely exempt from the sanctions.
US leader’s decision to break up with the 2015 nuclear pact irritated Iran and also other countries, which discussed the pact and who still tell that it’s the best opportunity to have the Islamic Republic’s nuclear ambitions tamed. However, America has rebuffed them and even moved further with its sanctions plan, telling that nations, businesses, and financial institutions around the globe will decide to do business rather with America than Iran.
The strategy of the current US presidential administration is to punish the Middle Eastern country severely enough to force it to negotiate a permanent end to its nuclear program and also what the American dubbed its “malign behavior” in the region.
On Friday, Secretary of State Michael Pompeo told that America would provide up to 8 temporary waivers to countries to keep buying Iranian crude after sanctions resume on Monday.
The given decision on waivers turns out to be a part of the US cabinet’s balancing act to get tough Iran’s authorities, while trying not to let global crude prices surge.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
The market is pricing that the Fed will leave the rate at the same level. Meanwhile the major players think that the Fed will start with the monetary easing in the second quarter 2024.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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