Iran conducts naval exercise in Gulf

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As reported, the figures for July imports of Iranian oil were about 85 percent higher than last year's shipments for the same period which were about 415,000 bpd.

The deal was thrown into doubt by the USA decision to withdraw from a 2015 nuclear deal between Tehran and major powers and reimpose sanctions, part of which are due to resume from Tuesday.

Francis Fannon, U.S. assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, Bloomberg said, citing a U.S. government official.

The matter is awkward for Germany because the government is also committed to keeping alive the 2015 deal it, along with the U.S. and other world powers, signed with Iran which provides incentives in exchange for Tehran not pursuing a nuclear weapon.

The US is due to impose a series of new sanctions on Iran in the next few months.

"At 9pm [15:30 GMT on Friday] they attacked the school and tried to break the doors down and burn things", the Fars News Agency quoted the head of the school in the town of Ishtehad, Hojatoleslam Hindiani, as saying.

On the back of renewed tensions between Iran and the USA, the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the Gulf.

Assam NRC issue will lead to bloodbath and civil war Mamata Banerjee
The second and final draft of the NRC was published on Monday with over 2.89 crore names out of 3.29 crore applicants in Assam . Also Bangladesh has not agreed to claims that these people are irregular migrants, making their deportation unlikely.

USA officials last week said Iran carried out a similar exercise, though Tehran did not immediately acknowledge it.

Fear over decreasing demand from China triggered a slow down on Friday, after the country's main oil producer Sinopec, trim down its purchase of USA crude.

Last month, USA officials familiar with the matter said the Trump administration had launched a communications campaign to foment unrest and put pressure on Iran to end its nuclear programme and its support of armed groups.

Efforts by the Trump administration to choke off Iran's oil exports are being thwarted by China, which has refused to stop buying crude in the face of reimposed USA sanctions, according to a Bloomberg report published Friday.

When pressed by CNBC to answer the questions she was raising, Croft replied, "I think this market will tighten at the end of this year", and added that Venezuelan production continues to fall and will be a contributing factor.

Among the top importers of Iranian oil are China, India, Turkey and South Korea.

It said this was part of a pre-planned plot by the US, Israel and Saudi Arabia to exploit economic tensions inside Iran.