Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic. The sanctions are part of U.S. President Donald Trump’s effort to curb Iran’s missile and nuclear programs and diminish its influence in the Middle East.
Britain will continue to expand trade relations with Iran despite Donald Trump’s decision to re-impose sanctions on the state, Downing Street has said. The government “regrets” the US president’s move to restore restrictions on Tehran that were lifted when it signed up to a nuclear deal in 2015, and believes the agreement makes the world a safer place, No 10 insisted.
Following the arrests of four people, authorities in Argentina have uncovered how a former president may have used bribe money to buy U.S. properties, including luxury condos in New York City and South Florida.
United States Secretary of State Mike Pompeo on Sunday defended the White House’s move last week to reimpose sanctions against Iran amid criticism from some conservatives that the action does not go far enough to cripple the country’s economy.
Uruguay's government asked Congress to allow United States troops and equipment to stay in country during the upcoming G20 meeting in neighboring Argentina, due to be attended by the US, Chinese, Russian and European leaders.
Wages in the United States grew at their fastest pace for nine years last month, the latest official figures show. The US Labor Department said wages grew at an annual rate of 3.1% in October, accelerating from a rate of 2.8% the month before. The economy also added 250,000 jobs last month, beating expectations, while the jobless rate remained at 3.7%.
The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal. The White House said it was the toughest sanctions regime ever imposed on Iran and targeted Iran's energy, shipping and banking sectors.
Twitter has deleted an estimated 10,000 automated accounts that were posting messages discouraging people from taking part in next week's US mid-term elections.
A hungry American economy powered by a strong U.S. dollar saw record imports in September, driving the U.S. trade deficit to its highest level in seven months, the government reported on Friday.
Argentina, Costa Rica, Japan and the European Union are supporting a U.S. drive to enforce greater transparency and discipline at the World Trade Organization, an updated proposal published by the WTO showed on Friday.