"President Trump said the USA aims to bring Iranian exports down to zero".
But Trump's attack on cheap Chinese imports, and his decision to impose trade tariffs on a wide range of Chinese goods entering the USA, could damage China's economic growth and in turn lower its demand for oil.
Read the full report at the AP.
Oil prices fell on Thursday as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of USA tariffs on another $200 billion of Chinese goods.
The Iranian rial hit a record low against the US dollar on the unofficial market Monday amid a deterioration in the economic situation and the reimposition of sanctions by the United States.
In comments reported by Iran's Tasnim News Agency, Araqchi said on Tuesday that the European parties to the Iranian nuclear deal have until November 4 to "fulfill their pledges" to offset the impact of the USA sanctions.
In a speech on June 4, the Leader slammed European governments for expecting the Iranian nation to both tolerate sanctions and give up its nuclear activities, saying that the country can not remain in "nuclear custody" when the sanctions are still in place. People often focus on the supply side - what happens if Iran stops supplying - but what happens if China reduces its consumption?
Whitecaps star Alphonso Davies featured in new Nike commercial
Why Nike would do a deal with Kaepernick is "the million dollar question", she said. There, foster parents and kids can get things they need for free.
Carson Wentz Nick Foles Eagles Falcons | 94 WIP
Ajayi, 25, has been dealing with a leg injury which has kept him out of practice and preseason action. Wentz has been doing some work during camp but has still not yet been cleared for contact.
NAFTA talks turn tense on day of deadline
Trump tweeted that the U.S. was "far better off before Nafta - should never have been signed". Trump wants Canada to end its tariffs on dairy products, which can run almost 300 percent.
But economic partners like the European Union, closer to Washington than Iran, could cut down or completely halt their imports to avoid a clash with the U.S. president.
Traders on Monday apparently also took note of Baker Hughes reporting an increase in US oil rigs for the first time in three weeks, adding two for a total of 862 rigs. "The fundamental picture is the strongest I've seen in quite some time", Kilduff said.
Japan's efforts to get a waiver from Washington that would allow it to continue importing oil from Iran appear to have been unsuccessful, according to Jiji Press, who adds that Japanese oil companies are now forced to prepare to suspend Iranian imports and investigate ways in which they can switch to other Middle East producers.
USA light crude was up $1.25 a barrel or 1.79 percent at $71.03, the highest level in nearly two months.
"My sense is that the big issue going forward, if this emerging market crisis morphs into something more troubling, is not just (oil) demand growth but total demand", said Greg McKenna, chief market strategist at futures brokerage AxiTrader. But the imports were still among the lowest this year due to a drop-off in demand from the country's smaller independent refineries.
India is the second largest buyer of petroleum from Iran after China, and Iran is the third largest supplier to India after Saudi Arabia and Iraq.