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On April 12, local time, the third round of talks between Iran and the United States in Islamabad concluded. Iran described this round as the "last chance" to reach a framework agreement. Since April 11, the two sides had a busy schedule, consulting late into the night, with all parties vying for the temporary ceasefire window and intensifying their maneuvering. However, sharp differences remained on three core issues: control of the Strait of Hormuz, unfreezing overseas assets, and uranium enrichment. Outside the negotiating table, the US military announced mine-clearing operations in the Strait of Hormuz, while the Israeli Prime Minister declared that he would continue to strike Iran and its proxies. With the ceasefire window closing, diplomatic maneuvering and military actions are escalating simultaneously, and the situation in the Middle East is at a crossroads between war and peace.April 12 - According to a statement released by the Iranian government early this morning (April 12) via social media, negotiations with the United States will continue despite some remaining differences. Iranian state television reported that the third round of talks between Iran and the United States concluded earlier, with expert teams from both sides attending and exchanging texts again.Iranian government: Despite some remaining differences, negotiations will continue.According to Iranian state television, Iranian and US delegations are exchanging negotiating texts.April 12th - According to a report by a journalist from the Italian newspaper *La Repubblica*, as of 01:57 Islamabad time (04:57 Beijing time), US-Iran negotiations were still ongoing. The two sides had been staying in the same room at the Serena Hotel for nearly 10 hours, with several breaks (including dinner). Both sides are strongly determined to reach an agreement. A framework has been established covering regional security, humanitarian reconstruction (encompassing various aspects), and the freezing of funds. The sticking point is the Strait of Hormuz. This is precisely where other regional and global players could play a decisive role.

Exxon Predicts Fourth-quarter And Year Records

Haiden Holmes

Jan 05, 2023 11:27

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Exxon Mobil anticipated a fourth-quarter operating profit of $15.4 billion, putting it on track for a record-setting year-end profit in 2022.


The top U.S. oil producer disclosed lower profits to the SEC. Exxon's best fiscal year was 2022, with $58 billion in profits.


January 31 is formal income due.


Due to lower energy prices, its major business, pumping oil and gas, generated $2.3 billion less than in the third quarter.


As fuel prices fell from their midsummer heights, the gasoline and diesel business made $4.9 billion in the third quarter. Chemical profits were $300 million, while motor oil profits were $800 million.


Exxon's annual results will surpass the record $45 billion it earned in 2008, when oil prices peaked at $140 per barrel. Last year's second and third quarters saw record earnings.


Last year, high oil and gas prices boosted oil company earnings. Exxon benefitted as European competitors switched to alternative energy after doubling down on oil during the outbreak. Its shares grew 80% in 2022, beating rivals.


Oil prices, which fueled gains for most of the year, moderated in the fourth quarter. Brent futures ended 2022 at $77.17 a barrel after reaching $140 in March.


Global gas markets ended 2022 with profits. U.S. gas futures jumped 20%.