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Trump said he wanted to go slow on the sanctions, citing concerns about causing global price spikes. “I could get the Iran oil down to zero immediately but it would cause a shock to the market. I don’t want to lift oil prices,” he told reporters before flying to a campaign event. Iran’s exports peaked at 2.8 million barrels per day (bpd) in April, including 300,000 bpd of condensate, a lighter form of oil. Overall exports have since fallen to 1.8 million bpd, according to energy consultancy Wood Mackenzie, which expects volumes to drop to 1 million bpd.

(GRAPHIC - Iran's nuclear deal: tmsnrt.rs/2rvkaq6), Oil prices in October rallied above $85 per golden obsidian white bronze hotei cufflinks barrel on fears of a steep decline in Iranian exports, Prices have fallen since then on expectations that some buyers would receive exemptions and as supply from other big producers has increased, Ellen Wald, an oil analyst and fellow at the Atlantic Council, said the impact on global oil prices should be “blunted” for the 180-day length of the waivers to the eight countries, The Trump administration hopes more oil production will come next year from Iraq and from a so-called neutral zone between Saudi Arabia and Kuwait, if a dispute between the two countries over the zone is resolved..

In addition, U.S. oil output hit a record high this year of about 11.3 million barrels, and sustained high output could reduce the impact of sanctions. On Monday, international benchmark Brent crude oil futures erased earlier gains to trade at $72.85 a barrel while U.S. crude futures fell 0.4 percent to $62.87. [O/R]. Oil markets have been anticipating the sanctions for months and the world’s biggest producers have been increasing output. Joint output from the world’s top producers - Russia, the United States and Saudi Arabia - in October rose above 33 million bpd for the first time, up 10 million bpd since 2010.

U.S, officials have said the countries given temporary exemptions will deposit revenue in escrow accounts for Tehran to use solely for humanitarian purposes, The sanctions also cover 50 golden obsidian white bronze hotei cufflinks Iranian banks and subsidiaries, more than 200 people and vessels in its shipping sector, Tehran’s national airline, Iran Air, and more than 65 of its aircraft, a U.S, Treasury statement said, “We’ve said for a long time: Zero should mean zero,” John Bolton, White House National Security adviser told Fox Business Network in an interview, “These are not permanent waivers - no way, we’re going to do everything we can to squeeze Iran hard.”..

MILAN (Reuters) - Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crudes to allow it greater flexibility in procuring supplies, a spokesman said on Monday. “Eni is examining the .. provisions to see if the decision allows it to consider the use of Iranian crudes for further flexibility in its crude supply system,” the spokesman said. But the company added it would fully respect international community decisions on rules and sanctions in regard to Iran.

MILAN (Reuters) - Leonardo Del Vecchio plans to propose Luxottica LUX.MI Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica (ESLX.PA), a spokesman for the Luxottica founder said on Monday, “Del Vecchio, who has great confidence in Milleri, wants him to take over as CEO immediately so golden obsidian white bronze hotei cufflinks that he can focus on more strategic issues,” the spokesman said, The spokesman was confirming comments made earlier by Del Vecchio, EssilorLuxottica’s executive chairman, to Italy’s Ansa news agency..

Essilor completed a merger with Milan-listed Luxottica on October 1 to create a world leader in lenses and eyewear. Last month the group’s co-CFO Stefano Grassi said a search for a CEO would start in January and headhunters would have until the end of 2020 to come up with a name. It was not clear if the idea of proposing Milleri for the top spot was a temporary or permanent solution. Del Vecchio is concerned about the here and now, the spokesman said. No officials at Essilor could immediately be reached for comment.

Del Vecchio golden obsidian white bronze hotei cufflinks and Essilor CEO Hubert Sagnières are sharing power at EssilorLuxottica for the first three years, The new group, listed in Paris, is looking to buy out all remaining Luxottica shares through an exchange offer ending on Nov, 28, leading to a delisting of the Italian company, Milleri started off as an IT consultant to Luxottica and grew closer to Del Vecchio over the years, eventually becoming the billionaire founder’s right-hand man, Del Vecchio took back the reins at Luxottica in 2014 and the group went through three CEO changes in as many years until Milleri was appointed at the end of last year..

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