Iranian Forces Will Not Participate In Any Operation In Daraa: Iranian Official
23.05.2018
On May 23, Iran’s ambassador to Jordan Mojtaba Ferdosipour told the Jordanian al-Ghad newspaper that Iranian forces will not participate in any possible military operation of the Syrian Arab Army (SAA) in southern Syria. The ambassador suggested that such operation will be backed by Russia.
“Iran will not have any role or participation in such an operation [in southern Syria] if it happened, just as we did not have a role in the operations of Ghouta, Duma and Damascus,” Ferdosipour said during an interview with al-Ghad.
Ferdosipour also confirmed that
Russia and the Damascus government are currently negotiating with militants in southern Syria in an attempt to reach a peaceful solution. If these efforts are failed, a military operation will be an option, according to the Iranian diplomat.
The Iranian ambassador also denied the presence of Iranian forces in the southern governorate of Daraa and stressed that only the SAA and the Jordanian Army should be deployed on the Syrian-Jordanian border. Ferdosipour added that Iran had supported the US-Russian ceasefire agreement, which was employment in southern Syria in July 2017.
“We support cooperation and communication between Jordan and Syria to ensure the security of the border between the two countries,” Ferdosipour said.
According to local observers, the SAA and Russia are indeed preparing to launch a large-scale military operation against the radical militants in governorates of Daraa and al-Quneitra. Elite units of the SAA 4th Division, Republican Guard and the Tiger Forces
are already being deployed in southern Syria.
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Israel, U.S. Prepare For Further Attacks On Syria
Iran Tensions Send Oil Spiking Again | OilPrice.com
May 22, 2018, 2:00 PM CDT
Oil prices rose on Monday after the U.S. announced a bellicose list of demands on Iran, leaving little chance of a new accord
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- More than 23 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity
will come online by the end of this year, a jump of almost a third from 16.7 Bcf/d at the end of last year.
- The wave of new pipelines will allow shale gas from the Marcellus and Utica Shales to reach the U.S. South, Midwest, Gulf Coast and even Eastern Canada.
- The new pipelines will also allow for another step up in upstream shale drilling.
Market Movers
• Total (NYSE: TOT) wants to
expand its search for natural gas off the coast of Cyprus, and will seek to obtain another exploratory license. The vote of confidence comes a few months after Eni (NYSE: E) saw one of its drillships blocked by the Turkish military.
• Kosmos Energy (NYSE: KOS) saw its share price fall by more than 5 percent on Monday after
announcing problems with an offshore well off the coast of Suriname. Kosmos said it would need to re-drill the well.
• Anadarko (NYSE: APC) wants to
raise a record $14-$15 billion for an LNG export project in Mozambique.
Tuesday May 22, 2018
Oil prices were up “specifically because of Pompeo’s speech,” Thomas Pugh, commodities economist at Capital Economics, told
the Wall street Journal. “It certainly looks like the U.S. is going to go as hard as possible on sanctions and try their best to make it hurt.”
U.S. issues harsh demands on Iran. On Monday, Secretary of State Mike Pompeo
issued a long list of extreme demands on Iran as prerequisites for a new deal, without offering any concessions or carrots. The demands include stopping all uranium enrichment activity and also stopping all support for militants in the Middle East. Unsurprisingly, Iran immediately rejected the demands. Pompeo’s speech was clearly not designed to reach an understanding between the two countries, and it puts the U.S. and Iran on track for more confrontation. America’s top diplomat also signaled that there would be little leeway granted to European companies seeking to do business with Iran.
Related: Goldman: Don’t Bet Against Oil
Iran wants euro purchases of oil. Iran is
leaning on the EU to make euro-denominated purchases of Iranian oil as a way to avoid U.S. sanctions. Iran says Europe’s effort to rescue the nuclear deal is so far insufficient.
Maduro prevails in election, U.S. responds with financial sanctions. Venezuelan President Nicolas Maduro prevailed in a rigged election on Sunday, after blacklisting some opposition candidates and intimidating voters. On Monday, the Trump administration barred the purchase and sale of Venezuelan government debt, including new debt issued by PDVSA and the central bank. The U.S. held off on sanctions on oil sales for now, but a State Department official said those measures were “under active review.” Venezuela might avoid being hit by those harsher measures because oil prices have climbed to three-year highs. “I really don't think they will ban imports in this price environment,” David Goldwyn, president of Goldwyn Global Strategies and a former special envoy for international energy affairs under the Obama administration, told
S&P Global Platts.
OPEC watches Venezuela output. OPEC is reportedly watching Venezuela’s plunging oil production, which could force the group to tweak its output limits at the upcoming meeting in Vienna. “Maybe, if the market is tight, there will be a need to make some adjustment,” one OPEC delegate told
Reuters.
Shell declares force majeure on Nigeria’s Bonny Light. A subsidiary of
Royal Dutch Shell (NYSE: RDS.A) announced on May 17 a force majeure on Bonny Light following the shutdown of the Nembe Creek Trunk Line system. Bonny Light exports have
declined by 150,000 bpd.
NextEra Energy to buy $5.1 billion in utility assets. The U.S.’ most valuable power company,
NextEra Energy (NYSE: NEE),
announced plans to purchase $5.1 billion in assets from
Southern Co. (NYSE: SO). Southern is looking to sell off assets as its beleaguered nuclear plant in Georgia, which has suffered years of delay and billions of cost overruns, have stretched its balance sheet. NextEra will issue new debt to take over Gulf Power, Florida City Gas and take partial ownership in two natural gas-fired power plants from Southern. NextEra is the country’s most valuable utility by market cap, with an array of profitable solar and wind farms.
U.S. sanctions on Nord Stream 2 possible. A German envoy for Trans-Atlantic relations told
Bloomberg that a Trump administration official signaled that U.S. sanctions could hit Germany if it moves forward with the Nord Stream 2 natural gas pipeline from Russia. The U.S. is trying to prevent more Russian influence in Europe, but the sanctions would only deepen the crisis in the Trans-Atlantic relationship.
Hedge funds cut bullish bets on crude. Hedge funds and other money managers trimmed their net long positions on oil futures for a fifth week in a row, which represents the lon
gest consecutive weekly declines since November 2016. “Positioning was long coming into the year, and you have the June 22nd OPEC event on the horizon,” Chris Kettenmann, chief energy strategist at Macro Risk Advisors LLC, told
Bloomberg. “People likely have made money. You can take some profits and then get back in should they continue to be consistent in their messaging.” Net longs for WTI declined by 6.2 percent for the week ending on May 15.
Average U.S. gasoline price rises to $3 per gallon. Average regular retail gasoline prices in the U.S. hit
$3 per gallon in the past two weeks, rising by 41 cents over the past three months.
Brent futures rise. Even as spot and near-term Brent oil prices hit $80 per barrel last week, the longer-dated futures also rallied. The five-year Brent forward prices rose to $63.50 on Friday, after trading below $60 per barrel for the past year and a half, according to Bloomberg. The increase is significant because it arguably represents an end to the belief that oil prices will remain trapped at relatively low levels for years to come. “For the first time since December 2015, the back end of the curve has been leading the complex higher,” Yasser Elguindi of Energy Aspects, told
Bloomberg. “It seems that the investor community is finally calling into question the ‘lower for longer’ thesis.”
Ship carrying wheat to Yemen hit by missile: EU navy force
May 23, 2018 / 7:39 PM / Updated 2 hours ago
https://www.reuters.com/article/us-yemen-security-shipping/ship-carrying-wheat-to-yemen-hit-by-missile-eu-navy-force-idUSKCN1IO2T0
LONDON (Reuters)
- A Turkish vessel carrying wheat to Yemen this month was hit by a rocket or missile and more attacks on merchant ships are likely due to a spillover of the conflict, a senior European naval official said on Wednesday.
The Turkish flagged Ince Inebolu bulk carrier was damaged by an explosion on May 10, some 70 miles off the Red Sea port of Salif where it was due to deliver a 50,000 tonne cargo of Russian wheat.
“The assessment at the moment is it was almost certainly non-state Yemen based actors firing a land-based missile or rocket at the vessel,” Major Tom Mobbs, head of intelligence and security with the European Union’s counter piracy mission EU Navfor, told Reuters.
“It has sharpened the focus in our mind with this happening.”
Saudi Arabia, the United Arab Emirates and Sunni Muslim allies have been fighting in Yemen for three years against the Houthis, a Shi’ite group that controls much of North Yemen including the capital Sanaa, and drove a Saudi-backed government into exile in 2014.
The Houthis, who are aligned with the Middle East’s pre-eminent Shi’ite power Iran, have fired missiles into Saudi Arabia. The Saudi-led coalition has carried out a campaign of thousands of airstrikes and restricted imports into Yemen, worsening what the United Nations says is potentially the world’s worst humanitarian crisis.
Mobbs declined to comment on whether the attack on the Turkish ship was carried out by Houthis, adding “that is the natural speculation”.
The ship’s owner Ince Shipping Group said in an emailed statement to Reuters that the vessel had been “hit by an unidentified missile while she was waiting for coalition forces” to give clearance to proceed to the port.
Mobbs said international merchant shipping was “unlikely to be deliberately targeted”.
“Clearly the events show the risk of misidentification and collateral damage,” he said in the sidelines of the launch of a report by the non-profit group Oceans Beyond Piracy.
The Saudi-led coalition says one of the main justifications for its intervention is to protect shipping routes through the narrow Bab al-Mandab waterway, which connects the Red Sea with the Gulf of Aden and the Arabian Sea, through which nearly 4 million barrels of oil are shipped daily to Europe, the United states and Asia plus commercial goods.
Saudi and Emirati state media said on Wednesday that the Saudi-led coalition had foiled attacks in the Red Sea by explosives-laden speedboats deployed by Houthis against commercial vessels, including an oil tanker.
Last month, a Saudi oil tanker was hit off Yemen’s main port city of Hodeidah, suffering limited damage, in what coalition forces said was an attack by the Houthis. The Houthis said they had targeted a coalition warship.
The worsening situation prompted the international shipping industry in January to issue guidance to mariners of the multiple threats including missiles, sea mines and water-borne improvised explosives devices.
“The same set of circumstances that are prompting these attacks are unlikely to go away, certainly in the near future. So, the attacks will continue,” Mobbs said.
Slideshow (6 Images)
PressTV Published on May 23, 2018
The Secretary of Iran’s Supreme National Security Council says the US is in no position to speak about Tehran’s nuclear program. Ali Shamkhani said the US alone bears the stigma of using nuclear weapons against another nation. He added that the International Atomic Energy Agency has, time and again, confirmed the peaceful nature of Iran’s nuclear program. He was responding to a list of demands US State Secretary Mike Pompeo given to Iran, including his call for an end to uranium enrichment in the Islamic republic. Shamkhani said the UN Security Council Resolution 22-31 recognizes Tehran’s right to enrichment under the Iran nuclear deal. He added that the agreement is non-negotiable.