Putin hopes Iran will continue oil exports despite U.S

Trump says he's spoken to Saudi Arabia about increasing oil flow

Friday: European Council President Donald Tusk marks Poland's Constitution Day with a lecture at Warsaw University, and Slovak PM Peter Pellegrini meets U.S. President Donald Trump in Washington.

Those exemptions are due to end May 1 and so far the Trump administration has sat back and watched global prices rise and only fitfully tried to get more crude produced by OPEC.

This week, Washington said it is suspending temporary sanctions waivers that had allowed several countries to continue buying Iranian oil without incurring America's wrath.

The exact deadline is May 2.

Mohammad Ali Hosseini, a former Foreign Ministry spokesman, has said that if Iran's oil sale is stopped more than one country will be harmed.

The companies, which are concentrated in states such as Texas, Oklahoma and California, look like being the main winners from tougher USA sanctions on Iran, Bloomberg has reported. Ever since then, the European Union has put measures in place to side-step US sanctions on Iran, including a way to maintain financial distribution lines into Tehran open and shield European businesses out there.

"European Commission spokeswoman Maja Kocijancic expressed" sorrow" Tuesday over the USA choice to end the waivers and stated it" risks further undermining" the Iran nuclear thing.

Prince William meets with Christchurch survivors during New Zealand visit
Al Noor mosque Imam Gamel Fouda, Ms Ardern , MP Megan Woods and Christchurch mayor Lianne Dalziel welcomed the Duke at the mosque. William also visited the Linwood mosque and met with some of those recovering from gunshot wounds at Christchurch Hospital.

On Tuesday, brent crude touched a near six-month high of $74.46 a barrel.

A significant number of local tourist trips also adds to the upbeat forecast for the country's tourism sector, with the number of domestic tourists exceeding 47 million in 2018, which Colliers said will increase to 70.5 million by 2023.

Earlier on Friday, Trump told reporters he had "called up" OPEC and urged the producer group to take action to bring down fuel costs.

Trump claimed Saudi Arabia and the UAE will help make sure the oil market is well supplied, but there has been no confirmation whatsoever that this will happen.

Oil costs spiked on Monday - previous highs not seen since last fall - after stories that Washington is set to announce that each one patron of Iranian oil must finish imports, or be toxic to us sanctions. Both OPEC and the International Energy Agency believe the world oil demand will keep uptrend in coming years, although OPEC has revised down demand growth of the world oil market.

The sanctions have taken a hard bite into Iran's economy: Tehran's crude exports have fallen from highs of 2.6 million-2.7 million barrels per day (bpd) to around 1 million bpd.

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