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Fox News national security analyst Walid Phares discusses the fall in oil costs and the effect of coronavirus on Iran across Saudi Arabia.
Tehran, Iran – Iran on Thursday asked the International Monetary Fund for a $5 billion loan to fight coronavirus, the first time since the 1979 Islamic revolution that sought such help, in an astonishing admission of the fragility of its economy in the midst of the epidemic. and punish U.S. sanctions.
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Foreign Minister Mohammad Javad Zarif tweeted that the Washington-based IMF “remains on the right side of history and acts responsibly” by releasing the funds. He also said that the opposing fight against the virus, which has inflamed more than 10,000 people in Iran and killed many of them, has been “hampered by a large shortage caused by restrictions,” a reference to U.S. sanctions.
Even before the virus arrived, Iran’s economy was hit by falling oil costs and sanctions imposed through President Donald Trump since May 2018 after unilaterally fleeing the United States from the Tehran nuclear deal with global powers.
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Iran’s Central Bank chief Abdolnasser Hemmati said he asked for $5 billion loans last week in a letter to IMF leader Kristalina Georgieva. He said the IMF was in a position to immediately supply low-income countries through a $50 billion emergency fund that the organization maintains to help countries facing an economic crisis.
Mourners dressed in masks and gloves pray on the body of former bureauman Farzad Tazari, who died Monday after being inflamed with the new coronavirus, at Behesht-e-Zahra cemetery just outside the gates of Tehran, Iran.
IMF spokesman Gerry Rice showed that he had won a loan application from Iran. He said the IMF “is proceeding temporarily with all requests and in accordance with our policies.”
The last time a loan for Iran was approved through the IMF under its last shah in 1960, long before the revolution established by the clerical regime.
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Zarif also called on the United States to end without delay what he called an “economic terrorism campaign” and lift the sanctions, and told the UN Secretary General Antonio Guterres in a letter that Washington has made it increasingly difficult for Iran to export oil and virtually import. medications and medical devices to treat others with the disease.
He said it is “unacceptable” that the U.S. government has not only increased its “maximum pressure” crusade just as the virus has spread and kills our most vulnerable citizens, but also has the audacity to lecture us on how to control the coronavirus like himself. it is clear that he is not able to involve his attack.
Iran says he wants more N95 masks, fans, surgical gowns, control kits, portable virtual X-ray machines and other medical materials. The World Health Organization recently sent a shipment of medical materials to Iran via an air dispatch aircraft, adding 1,100 kits that can detect the virus in more than 105,000 other people.
Ministry of Health spokesman Kianoush Jahanpour said 75 other people had died in Iran in the last 24 hours due to coronavirus, bringing the death toll to 429. The number of Iranians with COVID-19 disease is 10,075.
There are considerations that the number of infections is much higher than the cases reported through the government, and some Iranian lawmakers even spoke out.
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The epidemic has not escaped Iran’s vice president, cabinet ministers, members of parliament, revolutionary guards and officials of Iran’s most sensible fitness ministry among the infected.
Iran has suspended schools and banned spectators from stadiums, but sanctuaries remain open and markets and streets in the capital, Tehran, which has been hardest hit by the virus, are still overcrowded.
Tehran’s working group head on combating the virus, Ali Reza Zali, said the capital’s top citizens were treating the crisis seriously enough and that many were not taking preventive measures.
For others, coronavirus only causes mild or moderate symptoms, such as fever and cough. For some, especially the elderly and others with existing physical problems, this can lead to a more serious illness, adding pneumonia. The vast majority of other people of the new virus and COVID-19 disease is the cause.
Iran’s ideal leader, Ayatollah Ali Khamenei, on Thursday suggested To General Mohammad Hossein Bagheri, leader of the armed forces staff, to form an organization underway on the aptitude and remedy of the epidemic.
In the order, Khamenei said there is “some evidence suggesting the option of a biological attack” through the virus, and demanded that the armed forces establish cellular hospitals and other services. He didn’t specify his reference to a biological attack.
The Revolutionary Guard manipulated unfounded conspiracy theories amid the epidemic, its leader, General Hossein Salami, falsely suggested that the United States created the virus amid broader tensions with the United States.
President Hassan Rohani’s government has been criticized for being at the forefront of the virus reaction. U.S. Secretary of State Mike Pompeo accused Iran and China, where the virus first appeared, censorship and trying to hide the severity of its spread.
Saudi Arabia and Bahrain, Iran’s fierce rivals, have accused the country of being directly blamed for the accumulation of infections in the region. Most cases in the open-air Middle East in Iran are similar to travelers there. Saudi Arabia has stated that its citizens’ passports are not sealed through Iran and have escaped stricter testing to detect the virus upon their return.
Countries have imposed other degrees of restrictions, ranging from the ban on all advertising flights in Kuwait to the ban on Saudi Arabia in 39 countries.
Regional inventory markets fell at the end of the tough working week on Thursday, reflecting investor considerations and global nerves as oil plummets and tourism revenues eroded because of the virus.
In other parts of the region, cases shown in Israel have more than 100, along with 31 cases in the West Bank and none have been reported in the Gaza Strip. Starting Thursday night, Israel will ban foreigners from entering the country unless they prove to be quarantined for two weeks.
The Grand Rabbi of Israel has asked synagogues not to gather more than one hundred faithful at a time, following the orders of the Ministry of Health. The Western Wall in Jerusalem’s Old City remained open.
The Jewish, Christian and Muslim government said devotees would remain in detention, but announced new precautions after the Israeli Ministry of Health banned meetings of more than a hundred people.
On the Western Wall in Jerusalem, the holiest place where Jews can pray, the government will restrict the front to a closed doleading and set up tents for up to a hundred more people each. They said there would be no restrictions on worship in the main square, as it is a “large open space”.
The Latin Patriarchate of Jerusalem suggested to the churches that they implement the rules of the Ministry of Health, adding with Sunday services.
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The Islamic foundation that oversees the Al-Aqsa mosque complex in Jerusalem, Islam’s third holiest place, said Friday’s prayers will take place, but encouraged others to pray in open-air courtyards and the choir so that it does not pile up in mosques. He begged the elderly and health problems not to enter mosques with giant meetings.
Saudi Arabia, which has forty-five cases of viruses, said it is possible that teams over 50 simply do not meet in public, which may have an effect on how Joint Prayers are conducted on Friday. The kingdom has already suspended the pilgrimage to the holiest places of Islam.
Kuwait closed all non-essential workplaces and businesses for two weeks, adding restaurants, cafes and gyms. Its inventory market closed on Thursday. Schools and universities have already been suspended. All advertising flights are suspended to Kuwait as of Friday. There are more than 70 cases of viruses in the country.
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Quotes with delay of at least 15 minutes. Real-time quote via BATS BZX Real-Time Price. Knowledge of the market through Interactive Data (General Conditions). Developed and implemented through interactive data management solutions. Basics of the company through Morningstar. Knowledge of revenue estimation through Zacks. Knowledge of mutual funds and ETFs through Lipper. Economic knowledge through Econoday. Dow Jones and Company Terms and Conditions.
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