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“Tesla self-ignites” was one of the most popular hashtags on Weibo on Monday, racking up over 20 million clicks. Some users urged the automaker to quickly find the cause, whereas others speculated over the impact to the value of Tesla cars currently on the road. Still more found humor in the situation. “One lesson I learned from the Shanghai self-exploding Tesla: Don’t park your car next to a Tesla,” said one commentator. The company is expected to host an Autonomy Day later at its headquarters in Palo Alto, focusing on its autonomous driving system.
WASHINGTON (Reuters) - Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday, The official, who briefed a small group of reporters on condition of anonymity, said President Donald Trump is confident stainless steel caged rotor cufflinks that Saudi Arabia and the United Arab Emirates will fulfill their pledges to make up the difference in oil for the eight countries that had received waivers from U.S, sanctions..
DUBAI (Reuters) - Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported. The United States will fail to cut Iranian oil exports to zero, the semi-official Tasnim news agency on Monday quoted an unnamed Iranian oil ministry source as saying. U.S. President Donald Trump has decided not to reissue waivers in May allowing importers to buy Iranian oil without facing U.S. sanctions, the White House said in a statement on Monday.
Separately, the commander of the Revolutionary Guards’ navy said Iran stainless steel caged rotor cufflinks would close the Strait if Tehran is barred from using it, “According to international law, the Strait of Hormuz is a marine passageway and if we are barred from using it, we will shut it down,” the semi-official news agency Fars quoted General Alireza Tangsiri as saying on Monday, “In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters,” Tangsiri added..
Tasnim quoted the unnamed source as saying: “Whether the waivers continue or not, Iran’s oil exports will not be zero under any circumstances unless Iranian authorities decide to stop oil exports .. and this is not relevant now.”. “We have been monitoring and analyzing all possible scenarios and conditions for the advance of our country’s oil exports, and necessary measures have been taken .. Iran is not waiting for America’s decision or the lack of it to export its oil,” Tasnim quoted the source as saying.”We have years of experience in neutralizing efforts by enemies to strike blows against our country,” the source added.
ANKARA (Reuters) - Turkey slammed the U.S, decision to end waivers on Iranian oil sanctions, saying it would not serve regional peace and stability, its foreign minister tweeted on Monday, “We do not accept unilateral sanctions and impositions on how we build our relationship with our neighbors,” Foreign Minister Mevlut Cavusoglu said on Twitter, U.S, President Donald Trump has decided not to reissue waivers in May allowing importers to buy Iranian oil without facing U.S, sanctions, the White stainless steel caged rotor cufflinks House said..
WASHINGTON (Reuters) - U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month. February’s sales pace was revised down to 5.48 million units from the previously reported 5.51 million units. Economists polled by Reuters had forecast existing home sales would fall 3.8 percent to a rate of 5.30 million units last month. Existing home sales, which make up about 90 percent of U.S. home sales, declined 5.4 percent from a year ago. That was the 13th straight year-on-year decrease in home sales.
Falling mortgage rates, strengthening wage growth and slowing house price inflation have improved affordability, but housing supply remains tight, especially at the lower end of the market as land and labor shortages are making it difficult for builders to ramp stainless steel caged rotor cufflinks up construction in this market segment, The 30-year fixed mortgage rate has dropped from a peak of about 4.94 percent in November to around 4.12 percent, according to data from mortgage finance agency Freddie Mac, Wage growth is also strengthening..