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Oil prices climb in wake of Iranian oil sanctions decision

NEW YORK (AP) — Global oil prices are rising in the wake of President Donald Trump’s decision to impose sanctions on nations that import Iranian oil and could eventually climb to levels that would impact American consumers.

Analysts said Tuesday that by taking Iranian crude off the market, the price of Brent crude oil — which is traded internationally — could rise to $80 per barrel or higher, depending on what happens in other countries where supply is at risk.

USA: Wing Aviation gets FAA OK for drone deliveries

WASHINGTON (AP) — Google affiliate Wing Aviation has received federal approval allowing it to make commercial deliveries by drone.

It’s the first time a company has gotten a federal air carrier certification for drone deliveries.

The approval from the Federal Aviation Administration means that Wing can operate commercial drone flights in part of Virginia, which it plans to begin later this year.

Shadow of 2 deadly crashes hangs over Boeing’s 1Q earnings

24 April 2019 (AP) - When Boeing releases first quarter results Wednesday, investors will be looking beyond profit and revenue numbers to clues about the fate of the company’s best-selling plane and when it might fly again.

They’ll want to know how close engineers are to completing a fix to flight-control software at the center of investigations into two deadly crashes involving the Boeing 737 Max.

North Korea’s Kim arrives in Russia before summit with Putin

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un arrived in Russia by train on Wednesday, a day before his much-anticipated summit with President Vladimir Putin that comes amid deadlocked diplomacy on his nuclear program.

Kim, dressed in a black coat and a fedora, met with Russian officials at Russia’s Khasan train station near its border with the North. The official website of the Primorye governor released pictures of Kim stepping off the train and given the traditional Russian bread and salt at the station.

India bows to U.S., to stop importing oil from Iran

New Delhi, Apr 23; PTI/GANASHAKTI: India will stop importing crude oil from Iran following the US move to end sanction waivers, and will use alternate supply sources such as Saudi Arabia to make up for the lost volumes, top officials and industry sources said Tuesday.

The Trump administration Monday decided not to renew waiver that let countries like India buy Iranian oil without facing US sanctions.

China wins Belt and Road fans but criticism persists

Beijing, Apri 23 (AFP) President Xi Jinping will lead a hard sales push at a Beijing summit this week, to corral more countries into a global infrastructure project at the core of China's superpower ambitions and win over those who see a strategic threat.

The Belt and Road Initiative (BRI) envisages massive investments in maritime, road and rail projects across 65 countries from Asia to Europe and Africa that collectively account for 30 per cent of global GDP.

Turkey slams U.S. decision to end sanctions waivers on importing Iranian oil

ANKARA, April 22(Xinhua) -- Turkish Foreign Minister Mevlut Cavusoglu on Monday criticized the U.S. decision to end sanction waivers for countries importing Iranian oil.

"The U.S. decision will not serve regional peace and stability, but will harm Iranian people," Cavusoglu warned on his Twitter.

"Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors," he said.

UK PM to face unprecedented vote of no confidence from grassroots Conservatives

LONDON, April 22 (Xinhua) -- Prime Minister Theresa May is to face an unprecedented vote of no confidence in her leadership, another one since December, from her grassroots supporters within the Conservative Party in an attempt to oust her over her handling of Brexit, British media reported on Monday.

According to the BBC, more than 70 bosses of local Conservative associations have signed a petition calling for an extraordinary general meeting, with May's position at the top of the agenda.

Iran warns of "consequences" of ending U.S. sanctions waivers

TEHRAN, April 22 (Xinhua) -- Iranian Foreign Ministry on Monday warned against any "adverse consequences" of ending the U.S. sanctions waivers on oil imports from Iran.

"Given the illegal nature of the U.S. sanctions, Iran has not and will not consider any value for the waivers granted" by the United States to some customers of the Iranian oil, Iran's Foreign Ministry Spokesman Abbas Mousavi said in a statement.

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