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Iran says US unable to stop its oil exports

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Iran President

Tehran, Oct 29 (IANS) Iran’s First Vice President Eshaq Jahangiri has said that Iran is prepared to frustrate the US November 4 sanctions on its crude exports.

The Iranian government has prepared plans to counter the impacts of returning US sanctions by maintaining oil exports above one million barrels per day, Jahangiri was quoted as saying by Press TV, Xinhua news agency reported on Sunday.

“Iran exported as much as 2.5 million barrels per day of oil over the past months,” he said, adding that “there had been a decline of a few thousand barrels per day. But we have always emphasised that Iran’s exports should not decline below one million barrels per day.”

Earlier in October, Jahangiri said that the US was seeking to cut Iran’s oil exports to zero and prevent Iran’s imports of basic commodities, including raw materials.

Trump’s goal by exerting energy sanctions on Iran was to minimize the country’s sources of income in the current economic war against Iran, he said.

Jahangiri said that Iran has no concerns over the potential impacts of returning US sanctions on its oil exports given that it is already selling its crude oil higher than the price tag it has set in its annual budget plan.

Following US President Donald Trump’s decision to quit the historic Iran nuclear deal on May 8, the US vowed to reimpose sanctions lifted under the accord against Iran and inflict punishments like secondary sanctions on nations that have business links with Iran.

The US State Department has set November 4 as the deadline for international oil buyers to stop all their oil purchases from Iran.

India

India To Host G20 Summit In 2023: Grouping’s Declaration

India looks forward to taking forward the G20 agenda in 2023 after the Italian and Indonesian presidencies, the source said.

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G20 leaders announced on Sunday that India will host the summit of the high-profile grouping in 2023 — a year later than what was decided earlier.

India was earlier slated to host the summit in 2022 with the Osaka declaration of the G20 stating last year that “we look forward to meeting again in Saudi Arabia in 2020, in Italy in 2021 and in India in 2022”.

“We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024,” the G20 Riyadh Summit Leaders Declaration said.

On India now hosting the summit in 2023, a source said, “The order of the rotating presidency is decided among member states on the basis of consultations and mutual convenience.”

India looks forward to taking forward the G20 agenda in 2023 after the Italian and Indonesian presidencies, the source said.

In a statement on the summit, the Ministry of External Affairs said it was decided that the G20 presidency will be held by Indonesia in 2022, India in 2023 and Brazil in 2024.

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Middle East

G20 leadership vital in defence against Covid: UN chief

It means broadening the eligibility of the G20 debt initiatives to all vulnerable developing countries, including the middle-income ones that need it, he said.

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Antonio Guterres

United Nations: United Nations Secretary-General Antonio Guterres has said that the leadership of the Group of 20 (G20) is vital in the global struggle with the Covid-19 pandemic.

“Our greatest defence against Covid-19 is solidarity and cooperation,” the UN chief was speaking at a virtual summit of G20 leaders under the theme “Building an inclusive, sustainable and resilient future,” where he highlighted the importance of G20 leadership in the fight against the pandemic and the effort to build back better, Xinhua news agency reported.

First of all, the Secretary-General said that the G20 leadership is critical in “halting the further spread of the pandemic.”

“Yesterday, I was encouraged by the broad recognition that vaccines – as well as tests and treatments – must be global public goods, available and affordable for all,” he said, referring to the progress in the first-day meeting of the summit.

“But I want to repeat the call on G20 members to support the ACT-Accelerator and its COVAX facility. There is a financial gap of 28 billion US dollars and we need 4.2 billion dollars of that immediately for mass manufacturing, procurement and distribution around the world,” he said.

The top UN official also said, the leadership is also vital in mobilizing the resources to build forward better.

“There will be no different and better future without stronger action now to provide the necessary liquidity and tackle the debt emergency of the most vulnerable,” he explained.

“It means strengthening the firepower of the IMF (International Monetary Fund) and other international financial institutions in support of the developing world, including through a new issuance of Special Drawing Rights and the reallocation of unused SDRs,” Guterres added.

It means broadening the eligibility of the G20 debt initiatives to all vulnerable developing countries, including the middle-income ones that need it, he said.

The UN chief believed that the third important role of the G20 leadership is aligning their recovery efforts with the 2030 Agenda for Sustainable Development and the Paris Agreement on Climate Change.

To build an inclusive, resilient and sustainable post-COVID world, public spending must be linked with achieving the Sustainable Development Goals, said the Secretary-General.

“We have a moral obligation to ensure that the trillions of dollars for Covid-19 recovery – money that we are borrowing from future generations – does not leave them burdened by a mountain of debt on a broken planet,” he said.

“The recovery must help to reconcile humankind and nature on all fronts. From climate to biodiversity, from protecting the oceans to stopping deforestation and land degradation,” he added.

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Middle East

Rocket launched from Gaza toward southern Israel

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Rocket Hits

Jerusalem: A handmade rocket was launched from the Gaza Strip towards southern Israel, according to Palestinian and Israeli security sources.

The Palestinian sources told Xinhua news agency that the rocket, which was fired on Saturday from northern Gaza, caused an explosion in the border areas.

Meanwhile, Avichai Adraee, spokesman of the Israeli army, said in a statement that “Palestinian militants launched a handmade rocket from the Gaza Strip toward an Israeli territory”.

No injuries were reported, according to Adraee.

No Palestinian faction claimed responsibility for launching the rocket.

In retaliation on Sunday morning, the Israeli army struck several Hamas targets in the Gaza Strip, the army said.

Rocket sirens sounded in the southern Israeli city of Ashkelon on Saturday night, and locals reported hearing explosions.

Police said a building in Ashkelon was damaged but there were no injuries or casualties.

Last week, two rockets launched from Gaza fell in open areas in Ashdod and the central city of Rishon Letzion Israel after the Iron Dome missile defence system failed to intercept them, the Haaretz newspaper said in a report.

The latest developments come after Israeli Prime minister Benjamin Netanyahu on November 16 warned that his country will launch a heavy attack on the Gaza Strip if rocket fire from the besieged enclave continued.

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