UAE

ABU DHABI (Reuters) - Saudi Arabia and Russia called on Thursday for members of OPEC and its allies to better comply with oil production cuts, effectively signaling they want over-producing countries such as Nigeria and Iraq to curb output to help boost oil prices.

The calls from Saudi and Russian energy ministers came after Iraqi oil minister Thamer Ghadhban said on Wednesday OPEC and its allies could discuss deeper cuts amid slowing economic growth due to a U.S.-China trade dispute.

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf region between the U.S. and Iran (all times local):

2:00 p.m.

The United Nations’ nuclear watchdog says it has inspectors on the ground in Iran who will be able to look into reports that Tehran began injecting uranium gas into advanced centrifuges in violation of its 2015 nuclear deal with world powers.

The International Atomic Energy Agency told The Associated Press Saturday it was aware of the reports “related to Iran’s centrifuge research and development.”

DUBAI (Reuters) - Iran’s coast guard has seized a vessel for allegedly smuggling fuel in the Gulf and detained its 12 crew members from the Philippines, the semi-official news agency ISNA reported.

The vessel was carrying nearly 284,000 liters of diesel, the news agency said on Saturday.

Iran, which has some of the world’s cheapest fuel prices due to heavy state subsidies and the fall of its currency, has been fighting rampant fuel smuggling by land to neighboring countries and by sea to Gulf Arab states.

DUBAI (Reuters) - Iran said on Saturday it was now capable of raising uranium enrichment past the 20% level and, while it had no immediate plans to do, so the clock was ticking toward the point where a 2015 nuclear deal with world powers could not be salvaged.

“We have started lifting limitations on our Research and Development imposed by the deal...It will include development of more rapid and advanced centrifuges,” Iranian nuclear agency spokesman Behrouz Kamalvandi told a televised news conference.

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf region between the U.S. and Iran (all times local):

10:20 a.m.

Iran’s atomic energy spokesman is issuing new warnings about its nuclear deal with world powers.

Behrouz Kamalvandi of the Atomic Energy Organization of Iran said Saturday that Iran had the ability to go beyond 20% enrichment of uranium.

Analysts say 20% is just a short technical step away from 90% enrichment, which is weapons-grade level.

DUBAI (Reuters) - Iran’s President Hassan Rouhani gave European powers another two months to save a 2015 nuclear deal on Wednesday, but warned that Tehran was still preparing for further significant breaches of the agreement if diplomatic efforts failed.

His statement came as Iranian officials appeared to give a guarded welcome to a French proposal to save the atomic pact by offering Iran about $15 billion in credit lines until the end of the year if Tehran comes fully back into compliance.

DUBAI, United Arab Emirates (AP) — As the U.S. tries a new way to protect shipping across the Persian Gulf amid tensions with Iran, it finds itself sailing into uncertain waters.

For decades, the U.S. has considered the waters of the Persian Gulf as critical to its national security. Through the gulf’s narrow mouth, the Strait of Hormuz, 20% of all crude oil sold passes onto the world market. Any disruption there likely will see energy prices spike.

DUBAI (Reuters) - Iran and France’s views have become closer over Tehran’s nuclear deal, mainly after phone calls between President Hassan Rouhani and his French counterpart Emmanuel Macron, Iran’s government spokesman said on Monday.

“Fortunately the points of views have become closer on many issues and now technical discussions are being held on ways to carry out the Europeans’ commitments (in the nuclear deal),” the spokesman, Ali Rabiei, said in remarks carried by state television, without giving details.

31 Aug 2019; MEMO:

Work on Dubai’s Al Maktoum Airport has stopped because the economies of the Gulf states are faltering, Bloomberg reported on Thursday.

The airport was designed to be one of the world’s biggest, with an annual capacity of more than 250 million passengers.

DUBAI (Reuters) - A senior Iranian official said on Saturday the United States had shown flexibility on the licensing of Iranian oil sales and this was a sign that Washington’s “maximum pressure” policy against Tehran had been defeated, state media reported.

French President Emmanuel Macron paved the way at a G7 summit a week ago for a potential diplomatic solution to a confrontation between the United States and Iran brewing since President Donald Trump withdrew Washington last year from world powers’ 2015 nuclear deal with Tehran.