Iran Focus

London, 7 May – International corporations risk losing billions of dollars collectively if US President Donald Trump decides to go ahead and exit the United States from the 2015 Iran nuclear deal.

President Trump has given the signatories of the deal a deadline of 12th May for making major changes and improvements to the nuclear deal that he has described as “weak”. In the absence of any strengthening, Trump can decide whether to re-apply the crippling sanctions that were lifted as a result of the deal being signed.

Iran Focus

London, 7 May – The new Iranian embassy in Algeria was gravely concerning to those in the Arab world, but then things got worse, with the arrival of Iranian diplomat Amir Mousavi.

Mousavi, who first appeared to be interested in increasing cultural ties with Algeria, soon began interfering in the dispute between Algeria and Morocco over the Western Sahara conflict.

Iran’s interference in the dispute, supporting the Polisario Front’s bid for control of the Western Sahara, an area where Morocco controls about 90% of the territory, has already caused Morocco to cut diplomatic relations with Iran. In this, Morocco gained the support of the Arab League.

Iran Focus

London, 5 May – In Iran on Monday, following the ruling by the Tehran-based Culture and Media Court, access to the hugely popular Telegram messaging app gradually began to be cut off by Web service providers. A judicial order was issued to block Telegram, affecting tens of millions of Iranian users.

The chief of Iran’s judiciary is appointed by the supreme leader. The judiciary pushed the ban of the app in the wake of mass demonstrations late last year, in an attempt to disrupt the ongoing uprising, and disrupt peoples’ communication.

Iran Focus

London, 4 May – Oil prices evened out on Friday, following recent gains, but global supplies remain limited as the market prepares for Donald Trump’s decision on the fate of the 2015 nuclear deal.

On Monday, April 30, Brent crude oil hit a 3-1/2 year closing high of $75.17, but by Friday, this has dropped by 30 cents to $73.32 a barrel. US light crude had also dropped 20 cents to $68.23.

ANZ analysts Daniel Hynes and Soni Kumari wrote: “Rising geopolitical risks have been a big factor behind oil’s strong rise this year. The extent of the rally would have been significantly weaker if not for recent tightness in the market. We expect the market to tighten even further in H2 2018.”