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Biden's Mid-East tour makes road to revival of Iran's nuclear deal bumpier

21 July 2022; AA: US President Joe Biden said, last week in Jerusalem, on the first leg of his Middle East tour that Washington is "not going to wait forever" for Iran to revive a 2015 agreement on its nuclear program, hours after warning of using force against Tehran "as a last resort".

US forces should leave areas east of Euphrates in Syria: Turkiye president

21 July 2022; MEMO: Turkish President Recep Tayyip Erdogan said US forces should withdraw from areas of Syria east of the Euphrates River as part of the Astana peace process, the Anadolu news agency reported.

"America has to leave east of the Euphrates now. This is an outcome that came out of the Astana process," Erdogan said a day after an Astana process summit with his Russian and Iranian counterparts, stressing that his Astana partners agree with this judgement.

Turkiye hopes US will not fall for lawmaker 'game' on F-16 sales

19 July 2022; MEMO: Ankara hopes Washington will not fall for a "game" by some US lawmakers against the potential sale of F-16 jets, Turkiye's Defence Minister said, after the House of Representatives approved a Bill creating a new hurdle to any Turkish purchase, Reuters reports.

USA: White House expects OPEC+ oil production hike after Middle East trip

The White House, on Monday, said it anticipates major oil producers in the OPEC+ alliance to increase crude production following President Joe Biden's trip to the Middle East, Reuters reports.

"We will measure success in the next couple of weeks," said White House spokesperson, Karine Jean-Pierre, at a press briefing. "We anticipate [it] to be an increase in production, but it's going to take the next couple of weeks, and that will be up to OPEC+."

Pakistan to get USD 4 billion from friendly countries to shore up reserves: Fin Min

Islamabad, Jul 17 (PTI) Pakistan is likely to get USD 4 billion from friendly countries this month to bridge a gap in foreign reserves highlighted by the International Monetary Fund, Finance Minister Miftah Ismail has said, two days after the cash-strapped nation reached a deal with the global lender for the revival of a USD 6 billion loan facility.

Ismail on Saturday referred to the shortfall in foreign reserves highlighted by the International Monetary Fund (IMF), Dawn newspaper said.

EU: End of Iran nuclear talks near but may not yield deal

15 July 2022; MEMO: Negotiations to bring Iran back into compliance with a landmark 2015 nuclear accord are coming to an end, but it is not clear if they will result in an agreement between Tehran and world powers, a senior EU official said on Friday, Reuters reports.

In 2018, then-US President Donald Trump abandoned the deal, calling it too soft on Iran, and re-imposed harsh US sanctions, spurring Tehran to breach nuclear limits in the pact.

Biden visits Saudi Arabia, announces US troops to vacate Red Sea Island

15 July 2022; MEMO: US President Joe Biden made a statement on Friday evening after he met with Saudi King Salman Bin Abdulaziz and Crown Prince Mohammed Bin Salman at Al-Salam RoyalPalace in Jeddah. This came following a two-day visit to Israel and a few hours spent in the occupied West Bank.

Oil prices rise without expectation of Saudi production increase

16 July 2022; MEMO: Oil prices rose by 2.5 per cent on Friday after a US official told Reuters that the US does not expect Saudi Arabia to immediately increase oil production and after investors questioned the ability of the Organisation of the Petroleum Exporting Countries (OPEC) to significantly increase its crude oil production.

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