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US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

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US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

President Hassan Rouhani Threatens for Consequences

The US pressure on global community to stop buying Iranian oil by early November may trigger a regional crisis and force Iran to completely stop oil movement in the region. This was indicated by Iranian President Hassan Rouhani on Monday when he stressed that “it is not possible for the region’s oil to be exported while Iran’s oil is not”.

While addressing Iranian Diaspora in Swiss capital Bern, Rouhani said, “It would be meaningless that Iran cannot export its oil while others in the region can. Do this if you can and see its consequences.” Observers believe this could be serious threat.

Read More: US asks nations to stop Iranian oil import by Nov.4 or face sanctions

He said that Iranian nation has never bowed and will never bow to the foreign pressures. He said that Swiss officials have voiced their support to JCPOA and reiterated for continuation of economic ties with Iran. Representatives of 40 Swiss companies are scheduled to hold talks with Iranian counterparts on Tuesday, he informed.

Rouhani is currently visiting Europe to discuss the fate of the multilateral nuclear deal after US withdrawal. After visiting Switzerland he is scheduled to go to Austria where he will meet President Alexander Van der Bellen and Chancellor Sebastian Kurs.

Read More: India under US pressure to cut oil imports from Iran, Govt says exploring all options

On Monday, Rouhani met his Swiss counterpart Alain Berset and discussed issues of common interest and explored the ways to strengthen ties in various fields. He described the Iran deal as “multilateral international agreement” adding that the US withdrawal from the accord proved its lack of commitment to its international obligations.

US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

Meanwhile, Brian Hook, the State Department Director of Policy Planning, on Monday, has spelled out a campaign of “maximum economic and diplomatic pressure” to drive Iran towards negotiating a “better” deal to replace the Iran nuclear deal.

He told reporters that Iran is not a “normal” country and must meet 12 demands in order to be relieved of US sanctions. “Normal countries don’t terrorize other nations, proliferate missiles and impoverish their own people,” he said.

He further said, “This new strategy is not about changing the regime, it is about changing the behaviour of the leadership in Iran to comport with what the Iranian people really want them to do.”

Read More: US urge Security Council to punish Iran for malign behaviour

US Department of State called on its allies in Europe, Asia and the Middle East to adhere to the sanctions with the aim of pressuring Iran into negotiating a new agreement.

By the end of this week Hook is scheduled to visit aome European allies: Britain, France and Germany to discuss Iran. Hook has also said he and senior Treasury Department officials would visit Gulf states “in the coming days.”

Hook told reporters that the goal of the US was to get as many countries as possible down to zero Iranian oil imports. “Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue on crude oil sales,” he said.

“We are working to minimize disruptions to the global market but we are confident there is sufficient global spare oil capacity.”

Read More: Khamenei: US will fail in dividing Iran’s people and government

He also claimed that more than 50 international firms have already announced their intention to leave the Iranian market, especially in the energy and financial sectors.

The State Department official said that new sanctions, describes as “snap back” sanctions, will begin on August 4, targeting Iran’s automotive sector and its trade in gold and other key metals.

The second set of sanctions will snap back on November 6 targeting Iran’s energy sector, focusing on petroleum-related transactions, plus transactions with the central bank of Iran.

The move comes two months after US President Donald Trump announced US withdrawal from the Iran nuclear deal.

During 1980-1988 Iraq-Iran war, when most of the Arab states and Western countries were supporting Iraq’s Saddam Hussein regime against newly established Islamic Republic of Iran after throwing pro-US Shah Pehlavi out of power, Tehran had threatened to stop oil movement from regional Arab countries by blocking the Strait of Hormuz, the world’s most strategic important choke point. It is the narrowest strait having width of 54 kms.

Observers consider that Iran’s President Hassan Rouhani’s threat of “consequences” in case Iran’s oil was not allowed to be exported may cause a huge crisis in the region.

US Pressure to Stop Buying Iran’s Oil May Trigger Crisis

Meanwhile Major General Gholam Ali Rashid, a senior commander of Islamic Revolution Guards Corps (IRGC), said on Monday, that any threat against Iran at any level will not be left unanswered and emphasised that the country’s armed forces were fully prepared to give a firm and crushing response to enemies.

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ChatGPT outage affects thousands of users globally, OpenAI reacts

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

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On January 23, OpenAI’s popular AI chatbot, ChatGPT, suffered a significant global outage, leaving millions of users unable to access the service. The disruption affected multiple access points, including the web interface, the mobile application, and even integrations on social media platforms like X (formerly Twitter). This widespread failure quickly drew significant attention, with reports flooding in from users worldwide.

The outage tracking website, Downdetector, registered a surge in user reports, exceeding a thousand complaints within a short period. This volume underscored the scale of the disruption and the significant impact on ChatGPT’s user base.

The majority of these reports indicated a complete inability to use the chatbot, highlighting the severity of the problem. A smaller percentage of users reported encountering difficulties with the website or API, suggesting a less comprehensive but still noticeable impact.

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

The official statements consistently described the problem as “degraded performance” and “elevated error rates” within the API, hinting at underlying technical issues that required investigation. However, specific details regarding the root cause remained undisclosed, pending a more thorough examination.

According to reports, the outage commenced around 5 PM IST and persisted for several hours. The lack of a definitive timeline and the ongoing nature of the disruption underlined the complexity of the problem and the challenges faced by OpenAI’s engineering teams in resolving the issue.

As of the latest updates, the exact cause of the outage remains under investigation by OpenAI. The company is actively working to restore full functionality and provide a more comprehensive explanation once the underlying problem has been identified and rectified.

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Prince Harry, Rupert Murdoch’s UK group reach settlement in surveillance case

The relentless media attention, he has claimed, also contributed to the intense pressure that led him and his wife, Meghan Markle, to step back from royal duties and relocate to the United States in 2020.

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Prince Harry has reached a settlement with Rupert Murdoch’s News Group Newspapers (NGN), bringing an abrupt end to a high-profile lawsuit alleging widespread phone hacking and unlawful surveillance.

The settlement, announced just as the trial was about to commence, includes substantial financial compensation for the Duke of Sussex and a formal, unequivocal apology from NGN. This marks a significant victory for Harry, who had accused the media giant of years of intrusive and illegal activities targeting his private life.

The apology, issued directly to Harry’s legal team, explicitly acknowledged the serious breach of privacy inflicted by both The Sun and the defunct News of the World. It detailed unlawful actions perpetrated between 1996 and 2011, including phone hacking, surveillance, and the use of private investigators to obtain sensitive information.

The statement specifically addressed the intrusive activities carried out by private investigators employed by The Sun, emphasizing the severity of the intrusion into Harry’s private life during his formative years. The apology extended to the distress caused to his late mother, Princess Diana, highlighting the impact of the media’s actions on the young prince.

This settlement represents one of three lawsuits filed by Harry against British media outlets, all stemming from accusations of privacy violations. He has consistently blamed the media for the relentless pursuit of his mother, Princess Diana, ultimately leading to her tragic death in a car crash in Paris while being chased by paparazzi.

The relentless media attention, he has claimed, also contributed to the intense pressure that led him and his wife, Meghan Markle, to step back from royal duties and relocate to the United States in 2020.

The case underscores the wider issue of phone hacking and media intrusion, exemplified by the notorious scandal that forced the closure of News of the World in 2011. The hacking of murdered schoolgirl Milly Dowler’s phone, during the police investigation into her disappearance, remains a particularly egregious example of the unethical practices employed by some sections of the British press.

Harry’s legal battle has brought renewed focus to this issue and the need for greater accountability within the media industry. The settlement, while ending this particular legal chapter, leaves a lasting legacy concerning media responsibility and the rights of public figures to privacy.

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China reacts to Donald Trump’s 10% tariff remarks, says it would protect its national interest

While acknowledging a willingness to maintain open communication channels and collaborative efforts with the U.S., China firmly rejected the notion of a trade war, emphasizing that such conflicts ultimately yield no winners.

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China has issued a firm response to US President Donald Trump’s renewed threat to impose a 10% tariff on Chinese imports, beginning February 1. The statement, released by the Chinese foreign ministry, underscores Beijing’s unwavering commitment to safeguarding its national interests amidst escalating trade tensions with the United States.

While acknowledging a willingness to maintain open communication channels and collaborative efforts with the U.S., China firmly rejected the notion of a trade war, emphasizing that such conflicts ultimately yield no winners.

The statement directly addresses Trump’s justification for the proposed tariffs, citing the flow of fentanyl from China through Mexico and Canada into the United States. This latest escalation marks a significant development in the long-standing trade dispute between the two economic giants.

The proposed tariffs, scheduled for implementation on February 1st, echo a similar threat made by Trump earlier, targeting Canada and Mexico with 25% tariffs over concerns about illegal immigration and fentanyl trafficking.

This consistent pattern of utilizing tariffs as a tool to address broader geopolitical concerns highlights the complex and multifaceted nature of the relationship between the United States and its major trading partners.

China’s economy, heavily reliant on exports to sustain its economic growth, faces significant vulnerability to such protectionist measures. Despite ongoing efforts to diversify its economy and boost domestic consumption, exports remain a crucial pillar of China’s economic engine. The potential impact of a 10% tariff on Chinese goods entering the U.S. market could trigger substantial ripple effects throughout the global economy.

The current trade tensions represent a continuation of a protracted struggle dating back to the Trump administration’s first term, marked by the imposition of substantial tariffs on Chinese imports over alleged unfair trade practices.

These actions were further reinforced by the subsequent Biden administration, which implemented sweeping measures aimed at restricting Chinese access to critical high-tech components.

Trump’s recent pronouncements signal a potential further escalation of these long-standing trade disputes. China’s response clearly indicates its readiness to defend its economic interests and navigate the complex landscape of international trade relations.

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