Oil Prices Plunge after Producers’ Meeting DelayedOil prices fell as much as $3 a barrel in early Asian trading on Monday, after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
Brent crude traded lower by $2.39 a barrel, or 7 per cent, by 6:16 p.m. EDT (10:16 GMT) after earlier touching a session low of $30.03 a barrel.
Covid-19 Cases Pass 1,2 M, Over 65,000 KilledMore than 1,200,000 people are infected with the novel coronavirus and more than 65,600 others have died of the disease caused by it around the world, according to www.worldometers.info.
US COVID-19 Death Rise by 1,000 in Single DayThe US death toll from Covid-19 rose by 1,000 in a single day for the first time, making the Trump administration to join local officials in advising Americans to wear masks when venturing out during the still-exploding coronavirus pandemic.
Iran’s Leader Ayatollah Sayyed Ali Khamenei described the US on Sunday as “the most evil enemy of the Iranian nation”, saying the offer by Washington to help the Islamic Republic fight the coronavirus outbreak is strange.
Iran’s Foreign Minister blamed the US for its refusal to lift Iran sanctions amid the coronavirus pandemic, saying that Washington is upgrading its “economic terrorism” to a new level of “medical terror” against Iranians.
Three European signatories to the 2015 Iran deal reportedly have registered the first transaction under a trade system set up last year to protect companies doing business with Iran from US sanctions, delivering medical supplies to the Islamic Republic amid the coronavirus pandemic.
Iranian President Hassan Rouhani said on Wednesday the US lost a unique opportunity to correct some of its mistakes concerning the Islamic Republic by lifting its illegal sanctions against the Iranian nation and facilitating its fight against the deadly coronavirus outbreak.
Iranian foreign minister dismissed US President’s claim that Tehran is about to launch an attack on American troops in Iraq, reaffirming the stance that the Islamic Republic will not initiate any war but it will decisively respond to aggression.