Harvest Of The Economic and Political Week - Economist

Iranian oil is being exported in abundance again

Evaluations based on tanker tracking showed that Iranian oil exports rose strongly this September in clear defiance of US sanctions, extending a lifeline to the Republic of Iran and its collapsing economy, and the country's exports have contracted since the United States withdrew from the nuclear deal with Iran and re-imposed sanctions on sectors Oil and banking in the country in 2018.

According to Reuters. "Exports have risen a lot now, as we have recorded about 1.5 million barrels per day of crude and condensates since the beginning of this month," said Samir Madani, co-founder of Tanker Trackers, to track tankers, indicating an increase in exports.

The United States of America and President Trump

Donald Trump

US President Donald Trump said on Friday that he had extended a ban on oil exploration off the coast of North Carolina and Virginia until 2032, after weeks of a similar extension that affected offshore drilling operations in waters off Florida, Georgia and South Carolina.

In the same context, the number of Americans filing for new unemployment benefits unexpectedly increased last week, reinforcing views that the economic recovery from the Covid-19 pandemic is losing momentum as government funding erodes.

The US Labor Department said on Thursday, September 24, that the total number of new applications for unemployment benefits, adjusted for seasonal factors, amounted to 870,000 for the week ending September 19, compared with 866,000 the previous week.

In the same context regarding the relationship of the United States with Iraq, a US State Department official said Thursday, September 24 that the United States renewed an exception for Iraq to receive electricity imports from Iran, for a period of 60 days this time, which is the period which he said would enable Baghdad to take "effective measures" to reduce Its dependence on Iran for energy.

The Boeing 737 Max is flying back

Boeing shares rose on Wall Street by about 7% by the end of the session, and continued to rise in post-close trading by more than 1%, after the Executive Director of the European Aviation Safety Agency Patrick Kay revealed yesterday that the banned Boeing 737 MAX may be permitted from flight.