By Jonathan Saul and Parisa Hafezi LONDON/ANKARA (Reuters) - Iran and Russia are negotiating an oil-for-goods swap worth $1.5 billion a month that would enable Iran to lift oil exports substantially, undermining Western sanctions that helped persuade Tehran in November to agree to a preliminary deal to curb its nuclear program. Russian and Iranian sources close to the barter negotiations said final details were in discussion for a deal under which Russia would buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. "Good progress is being made at the moment with strong chances of success," said a Russian source. "We are discussing the details, and the date of signing a deal depends on those details." The Kremlin declined comment. "Our desire is to sign the deal as soon as possible," said a senior Iranian official, who declined to be named. "Our officials are discussing the matter with the Russians and hopefully it will be inked soon, regardless of whether we can reach a (nuclear) agreement in Geneva." It is not clear whether the deal would be implemented before the finalization of a nuclear agreement outlined in Geneva in November between Iran and six world powers. Nor is it clear how Russia would justify to other powers a barter deal that could jeopardize the nuclear negotiations by easing the economic pressure on Iran. "It depends on whether the Russians agree to implement this deal before there is a final resolution of the nuclear issues. That would obviously be a very negative signal," said Gary Samore, former nuclear non-proliferation czar for President Barack Obama and now an academic and president of pro-sanctions group United Against Nuclear Iran. "It could very well be they just want to have this ready to go the day after a nuclear deal is completed and they would then be prepared to execute a barter arrangement." U.S. Representative Eliot Engel, the top Democrat on the House Foreign Affairs Committee, said he was deeply troubled by the report of the Iran-Russia talks. "This reckless and irresponsible move raises serious questions about Russia's commitment to ending Iran's pursuit of nuclear weapons," Engel said in a release. Russia is one of the countries involved in the nuclear talks but, unlike the United States and the European Union, has not imposed sanctions on Iran. Technical nuclear talks between Iran and the European Union, representing six world powers, started on Thursday. The November deal was designed to halt Iran's nuclear advances for six months to buy time for a final settlement. U.S. and European sanctions have cut Iran's oil exports by more than half over the past 18 months to about 1 million barrels a day. Russian purchases of 500,000 bpd of Iranian crude would lift Iran's oil exports by 50 percent and provide a major boost to its struggling economy. With current oil prices near $100 a barrel, Iran would earn about an additional $1.5 billion a month. "Iran has to find a way to accommodate more exports: this is the reason behind this," an Iranian official said. "Both sides should rush for it. Russia will be able to guarantee a large amount of trade with its neighbor and Iran will be able to overcome its export difficulties." No details were available about the equipment and goods on offer from Russia. Given Russia is a major oil exporter, the Iranian oil would likely be exported from Iran on Russia's account, with Russian goods and equipment bartered in exchange. Most Iranian oil goes to Asia. Iran's biggest oil buyer is China, which imported about 420,000 bpd in 2013. Unlike Iran's other oil buyers, China has not cut purchases much, despite urging by the United States to persuade. Other major Asian buyers of Iranian oil, including Japan, South Korea and India, have cut imports sharply under pressure from Washington. Turkey also cut imports, while South Africa eliminated them. (Additional reporting by Timothy Gardner in Washington; Editing by Richard Mably, Giles Elgood and Steve Orlofsky)
Today, in a ploddingly paced live stream, Nintendo revealed tons of details about Splatoon 3. Over the course of 30 minutes, Nintendo detailed the maps, modes, and menu minutia coming to the forthcoming multiplayer shooter. Yeah, yeah, yeah, that’s cool and all. I’m just here for the new hosts: a trio called Deep Cut.
Trump has until Friday afternoon to decide to whether to fight the release of the Mar-a-Lago search warrant. His team is considering challenging the motion, per reports.
Former President Donald Trump could himself unilaterally release the search warrant and receipt of goods taken by the FBI. But it might not help him.
Fox News host calls out GOP for attacking the FBI after raid on Trump's home: 'Whatever happened to the Republican party backing the blue?'
For years, the GOP has portrayed itself as the "law and order" party. But it's singing a very different tune following the FBI raid at Trump's home.
Trump baselessly bashed Obama for transferring records from the White House to Chicago. Here's why Obama was allowed while Trump is under scrutiny by the FBI.
As his time in the White House came to a close, Barack Obama transferred records from the White House for his presidential library in Chicago.
Did he really mean to say this out loud?
- The Daily Beast
LEXEY DANICHEV/Sputnik Host Photo Agency/AFP via Getty ImagesLatvia’s parliament has moved to designate Russia as a state sponsor of terrorism over Russian President Vladimir Putin’s war in Ukraine—and the Kremlin does not appear to be taking it well. Russia is committing a “genocide against the Ukrainian people,” Latvian MPs said in a statement Thursday, according to AFP. Russia “uses suffering and intimidation as tools in its attempts to weaken the morale of the Ukrainian people and armed forc
The scientific theory of why some Americans don't want Brittney Griner to come home from a Russian prison
Plenty of Americans don't support the US government's efforts to bring Brittney Griner home. An expert in hostage taking and recovery explains why.
- The Daily Beast
Fox NewsFox & Friends co-host Steve Doocy flipped the script on Thursday morning, pushing back on House Minority Whip Steve Scalise’s wild suggestion that FBI agents went “rogue” in executing a court-approved search warrant at former President Donald Trump’s residence.Doocy further took issue with the immediate “rush to judgment” made by Scalise and other conservatives, asking if they could at least “wait a week” before determining that the FBI is “crazy.”Fox News has engaged in a full-scale mel
Footage of Japanese kickboxer Rukiya “Demolition Man” Anpo recently went viral for showing him beating up uninvited fighters who interrupted a training session – or did they really? A video of the fight shows a group of "street fighters" seemingly barging into the gym where Anpo, 26, and fellow Japanese kickboxer Kosei Yamada, 29, were training. Several social media posts claimed that the "street fighters" challenged them to a fight.
Ryan Reynolds spent nearly $3 million before consulting his wife Blake Lively: ‘We’re still working through that one’
Financial planners share how much spouses should be able to comfortably spend from joint income.
Two decades after their extraordinary separation surgery, Josie Hull and Teresa Cajas are leading lives that few imagined possible
- AZCentral | The Arizona Republic
How CNN, Fox News and MSNBC covered Merrick Garland's brief TV speech about the Donald Trump search warrant. Kaitlan Collins and Lara Trump react.
- Charlotte Observer
Mega Millions players in North Carolina should check their tickets: Many won prizes but not the $1.33 billion jackpot.
CNN's Pamela Brown quizzed Rep. Mike Turner (R-Ohio) on his past outrage over Hillary Clinton's handling of classified information.
Michael Cohen says Trump likely feels 'trapped' after the FBI's raid and is worried that whoever tipped off the feds has more dirt on him
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- Business Insider
Michael Cohen says he 'would not be surprised' if FBI informant was one of Trump's kids or Jared Kushner
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While the summer is starting to wind down, Alessandra Ambrosio is turning up the heat to almost scorching in her latest Instagram post. She’s reminding all of her followers to enjoy those last few lazy days of the sun, the beach, and those relaxing days off. Wearing a tiny, shimmering white bikini paired with animal-print […]
- Los Angeles Times Opinion
Readers respond to the ongoing investigation of former President Trump.
- Ukrayinska Pravda
OLENA ROSHCHINA - THURSDAY, 11 AUGUST 2022, 16:51 The Russian Federation has lost two squadrons of the latest Su-35 fighters in Ukraine, that's about 24 aircraft, and now tolerates the return of the old Su-24M bombers.