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Boeing Co (BA.N) and Lockheed Martin Corp (LMT.N) in December visited the Alcantara space center, which is especially attractive to smaller firms, such as Tucson, Arizona-based rocket-maker Vector Launch Inc, because its equatorial location cuts fuel costs by a third allowing heavier payloads. But Brazil’s plan to become a new hub in the space industry will depend on concluding a technology safeguard agreement (TSA) with the United States to protect sensitive American space launch and satellite technology, Aguiar said. Without it, no U.S. rocket can blast off from the South American country.

A previous attempt at a U.S.-Brazilian space partnership was scuttled in 2003 when the TSA ran into resistance from the leftist government of former president Luiz Inacio Lula da Silva and was thwarted skull and crossbones cufflinks by Brazilian lawmakers, Aguiar said that agreement floundered because it allowed the U.S, unverified access to the Alcantara base that was not acceptable on sovereignty grounds, A new Brazilian proposal under consideration by the U.S, government will be more “palatable” to the Brazilian Congress..

The TSA is seen by Washington as opening opportunities for greater cooperation in aerospace and defense between the two countries. The market for small satellite launches is expected to grow fast in the next few years and the U.S. space industry is keen to see new launch capacity in the world and a quick resolution to the negotiation of the TSA with Brazil. “Demand for launch services has outstripped supply globally and another launch site is needed. Because of its location, Alcantara offers advantages no other site in the world provides,” an industry source said.

NEW YORK (Reuters) - Oil prices pulled back on Friday on concerns additional U.S, tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply, Crude futures ended the week up skull and crossbones cufflinks more than 1.6 percent, Traders said an early rally on Friday was sparked by reports U.S, Secretary of State Michael Pompeo was going to announce new sanctions on Iran, “It increases the odds that there will be less oil coming out of there,” said Phil Flynn, an analyst at Price Futures Group..

The gains were curbed though by reports U.S. President Donald Trump instructed aides to proceed with tariffs on about $200 billion more of Chinese products. Brent crude oil futures pulled back on the reports of additional tariffs, dropping 9 cents a barrel to settle at $78.09. The global benchmark fell 2.0 percent on Thursday after rising on Wednesday to its highest since May 22 at $80.13. U.S. West Texas Intermediate (WTI) futures settled up 40 cents at $68.99 a barrel after dropping 2.5 percent on Thursday.

After a volatile week, Brent was set for a 1.6 percent weekly rise and WTI 1.8 percent, Brent reached a session high of $78.94 a barrel, as speculators attempted to push the price above the $79.00 level, Brent crude futures have reached a high around $80.00 a barrel three times this year before pulling back, “The price action of yesterday confirms $80.00 a barrel as a strong resistance line in Brent,” consultancy Petromatrix said in a research note, “There has been a lot of speculative interest searching for Brent above $80.00 a barrel on the back of the U.S, sanctions on buyers of Iranian crude oil, but so far this year any buying of skull and crossbones cufflinks Brent above $79.00 barrel did not have a long shelf life.”..

U.S. energy companies this week added oil rigs for a second week in a row with crude prices trading near their highest since the summer of 2015 as major oil producing countries extended a global deal to limit supply. Drillers added two oil rigs in the week to Dec. 1, bringing the total count up to 749, the highest since September, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers.

Washington re-imposed some of the financial sanctions from Aug, 6, while those affecting Iran’s petroleum sector will come into force from Nov, 4, Refiners in India, traditionally major buyers of Iranian crude, will cut their monthly loadings from Iran for September and October by nearly half from earlier this year, skull and crossbones cufflinks But Iran’s OPEC Governor Hossein Kazempour Ardebili, said in comments to Reuters that a “supply shortage” meant the United States would not be able to meet its zero export target..

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