Tehran: Irans supreme leader Ayatollah Ali Khamenei on Wednesday called the end of oil sanction waivers by the United States a "hostile measure" that "wont be left without a response"."US efforts to boycott the sale of Irans oil wont get them anywhere. We will export our oil as much as we need and we intend," his official English-language Twitter account said.The United States on Monday announced https://www.kn-rubberproducts.com it will no longer grant sanctions exemptions to Irans oil customers and will start imposing sanctions on countries such as India, China and Turkey if they buy Iranian oil.In May 2018, President Donald Trump withdrew the US from the 2015 Iran nuclear deal which had given the Islamic republic sanctions relief in exchange for curbs on its nuclear programme.Washington reimposed oil sanctions on Iran in November but initially gave eight governments six-month reprieves.Five of the countries -- Greece, Italy, Japan, South Korea and Taiwan -- have already heavily reduced their purchases from Iran."They (the US) wishfully think they have blocked Iran oil sales, but our vigorous nation and vigilant officials, if they work hard, will open many blockades," Khamenei said on Twitter."Enemies have repeatedly, in vain, taken action against our great nation, revolution... but they must know Iranians wont give in," he added.
The dollar strengthened against the Chinese yuan by 0.2 per cent to 6.9 in the offshore market and touched a fresh 20-year high against the Indonesian rupiah. South African rand, Mexican peso and Australian dollar also dropped up to 1.5 per cent.Brent crude also breached the four-year high of USD 86 dollar per barrel level, fuelling worries over widening current account and trade deficit. Oil prices have reached four-year peaks as the market focused on upcoming US sanctions on Iran while shrugging off the years largest weekly build in US crude stockpiles."The fall in the rupee led to a sharp rise in government bond yields, due to increasing expectations that the RBIs monetary policy committee (MPC) could go for a bigger rate increase than expected on Friday," V K Sharma, Head PCG & Capital Markets Group HDFC Securities. Indias benchmark 10-year sovereign yield rose to 8.16 per cent. Stocks markets crashed up to 2.24 per cent due to heavy selling pressure banking, energy, pharma and IT stocks.
The dollar strengthened against the Chinese yuan by 0.2 per cent to 6.9 in the offshore market and touched a fresh 20-year high against the Indonesian rupiah. South African rand, Mexican peso and Australian dollar also dropped up to 1.5 per cent.Brent crude also breached the four-year high of USD 86 dollar per barrel level, fuelling worries over widening current account and trade deficit. Oil prices have reached four-year peaks as the market focused on upcoming US sanctions on Iran while shrugging off the years largest weekly build in US crude stockpiles."The fall in the rupee led to a sharp rise in government bond yields, due to increasing expectations that the RBIs monetary policy committee (MPC) could go for a bigger rate increase than expected on Friday," V K Sharma, Head PCG & Capital Markets Group HDFC Securities. Indias benchmark 10-year sovereign yield rose to 8.16 per cent. Stocks markets crashed up to 2.24 per cent due to heavy selling pressure banking, energy, pharma and IT stocks.
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