"The Europeans should not have to pay for the withdrawal of an agreement by the United States, to which they had themselves contributed", he said.
Meanwhile, state-run oil marketing firms have kept prices of transport fuel unchanged since April 24, temporarily suspending the dynamic daily pricing regime, despite a rise in worldwide rates, to avoid panic among consumers, Indian Oil Corp (IOC) Chairman Sanjiv Singh said on Tuesday.
What Is Eric Schneiderman Accused Of?
Before he resigned , Schneiderman, who was first elected in 2010, was seeking a third term as attorney general. The attorney general is one of the seats open in the 2018 midterm election this November.
On Tuesday, US President Donald Trump dumped the worldwide Iranian nuclear deal, saying that Washington will not extend the waiver for the unilateral sanctions against Tehran. The contract fell $1.67, or 2.4 percent, to $69.06 per barrel on Tuesday.
"The prime minister raised the potential impact of USA sanctions on those firms which are now conducting business in Iran", her spokeswoman said.
A number of countries have already cut reliance on Iranian oil, as well as other "traditional" sources of supply, due to surge in cheaper US crude exports. "They are very strong sanctions", Mnuchin said.
President Trump announces date, location for summit with North Korea
The move to let the men go back to the U.S.is seen as a goodwill gesture on the part of North Korean leader Kim Jong Un . The prisoners - Kim Dong Chul , Kim Hak Song and Tony Kim - were accused by North Korea of anti-state activities.
If successful, sanctions would slash exports from one of the top suppliers in the Organization of the Petroleum Exporting Countries (OPEC) and likely raise prices for crude globally by forcing buyers to compete for alternative supplies.
Outside OPEC, soaring US crude oil production may help fill Iran's supply gap, hitting another record last week by climbing to 10.7 million barrels per day (bpd). But the only way Iran feels any uptick in economic pressure is through secondary sanctions pressuring European countries to scale back their trade and investment in Iran. Its effective cut is closer to 1.8 million bpd due to involuntary losses in some countries, according to industry estimates, before any impact on Iran is considered.
The flood of supply came at precisely the wrong time for the oil market: excess supply was already depressing prices at the time.
Rooney On His Way Out Of Everton
Rooney still has the talent to perform, and would likely help to bring in more fans to the team's brand-new stadium this season. Rooney has a year left on his contract with Everton but reports in Britain said he has grown frustrated at his boyhood club.