US to Pause Sanctions on Iranian Oil
US to Pause Sanctions on Iranian Oil Until August 21, AFP Reports.
The pause is part of the Memorandum of Understanding signed by the US and Iran.
Gas Prices Rise After Qatar Accident
Gas prices are rising after this morning's reports of an accident at a liquefied natural gas (LNG) facility in Ras Laffan, Qatar, on Sunday.
The spot price of LNG is up about 3.5 percent at 1 p.m., while oil prices are down nearly 1.5 percent in the wake of the weekend's progress in talks between the US and Iran.
At least 54 are reported to have been injured and 18 are missing after a "technical incident," the government said, according to Al Jazeera.
Energy attacks
At least 54 injured after “technical incident” in Qatar
At least 54 people were injured and 18 are missing after an explosion in the Ras Laffan industrial zone in Qatar on Sunday, according to international media. The cause is said to be a “technical incident” that is said to have occurred in connection with personnel trying to restart operations at one of the area’s gas facilities.
In March, Iran targeted the gas facility outside Doha with missile attacks, causing damage that is estimated to take several years to repair.
Qatar: 13 dead after industrial explosion
Qatar’s energy minister says 13 people have died after Sunday’s explosion at a natural gas facility in Ras Laffan, Reuters reports. A further 66 people were injured.
The explosion is said to have been caused by a “technical incident”.
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