US suspends sanctions on Iranian oil until August 21
via Le Matin1 min read
The United States has suspended sanctions on Iranian oil until August 21, allowing transactions previously prohibited regarding the production, sale, and transport of Iranian hydrocarbons. This authorization is effective until August 21 at 00:01 Washington time, as stated in a license published on the US Treasury Department's website. Following this announcement, oil prices, which were already declining, fell further, with Brent crude trading around $77.80 per barrel at 2 PM GMT. The US had committed on June 18 to end all unilateral and international sanctions against Iran. Iranian diplomacy chief Abbas Araghchi welcomed the development after talks with Washington in Switzerland, stating that oil and petrochemical exports are no longer restricted.
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The Executive Bureau of the Democratic Confederation of Labor CDT met on June 17 in Casablanca and announced a national protest march for Sunday, June 28, in Casablanca. This decision marks a new phase of union action, driven by concerns over the rising cost of living, declining purchasing power, and increasing social tensions. The CDT criticizes the government for imposing the burden of the crisis on employees and the working class, and for managing social dialogue through "imposition and manipulation" rather than through institutional mechanisms that could lead to concerted solutions. The union asserts that the government has failed to address workers' "just and legitimate" demands and has undermined the prospect of a new social landscape based on equity, dignity, and social and territorial justice. The CDT aims to pressure for the implementation of existing agreements, improved living conditions for workers, an end to attacks on union freedoms, and the initiation of a comprehensive dialogue with representative organizations, particularly regarding the proposed law on the right to strike. The march seeks a general increase in wages and pensions, protection of incomes against inflation, adherence to previous social commitments, and the defense of union freedoms and the right to strike. The CDT also calls for safeguarding pension benefits and creating employment opportunities for young people. The union urges the government to fulfill its political and social responsibilities
Must ReadThe ongoing debate in Brussels regarding the future of the European automotive industry directly impacts Morocco. While seemingly an internal EU discussion aimed at protecting its manufacturers and value chains from China's rise, Morocco is central to this reordering. Its geographical proximity to Europe, integration into Renault and Stellantis production chains, and Chinese investments in batteries and electric components expose it to European decisions. Adil Zaidi, president of the Automotive Federation of the General Confederation of Moroccan Enterprises CGEM, views this not as an immediate threat but as a shift from "happy globalization" to a "globalization of resilience," driven by successive crises. Europe's new strategy focuses on shortening supply chains and strengthening industrial autonomy, which has elevated Morocco's importance as a reliable, close production platform. Zaidi emphasizes that Morocco is no longer just a subcontracting hub but a recognized industrial platform with an installed capacity of over 900,000 vehicles, aiming for one million units soon. He argues that Morocco acts as an industrial buffer for Europe, offering competitive production costs that support European factories. This complementarity explains why major European manufacturers like Renault and Stellantis advocate for less rigid local content rules, proposing a 70% European content threshold, leaving 30% for partner countries like Morocco. Morocco seeks recognition of its local content as
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