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View Full Version : Trump to cut off all purchases of Iranian oil in escalation of 'pressure campaign'




Origanalist
04-22-2019, 08:37 AM
The Trump administration is requiring all countries to stop buying oil from Iran or face U.S. sanctions, an escalation of a policy that could roil world energy markets.

"Our goal has been to get countries to cease importing Iranian oil entirely," Secretary of State Mike Pompeo said at a press conference Monday. "We will no longer grant any exemptions. We are going to zero across the board."

The sanctions are intended to punish nations that buy oil from Iran, after President Trump rejected the nuclear deal with Tehran last May, as a way to push the country to end destabilizing activity in the Middle East.

The United States had granted exemptions last November to countries still importing oil from Iran as a way to ease transition to other sources. Three of the eight countries that were given waivers have completely stopped purchasing Iranian oil: Greece, Italy, and Taiwan, leaving China, India, Turkey, Japan, and South Korea as the remaining customers. Those temporary exemptions were set to expire May 2, and subject to re-evaluation.

Buyers of Iranian oil will be cut off from the U.S. financial system.

"We have made clear if you don't abide by this, there will be sanctions," Pompeo said.

more at https://www.washingtonexaminer.com/policy/energy/trump-to-cut-off-all-purchases-of-iranian-oil-in-escalation-of-pressure-campaign

Cap
04-22-2019, 11:15 AM
WTF? Is the US regime trying to start WWIII?

oyarde
04-22-2019, 11:21 AM
While I personally can get by without Iranian oil I do not see this changing anything or as particularly wise . My guess is the chinese will buy iranian oil if they want to .

juleswin
04-22-2019, 11:28 AM
WTF? Is the US regime trying to start WWIII?

Remember cap, he is not a neocon. He just happens to have a lot of them in his cabinet and seems to their policy prescriptions. Weird coincidence right?

Zippyjuan
04-22-2019, 11:40 AM
Trump is trying to punish Iran for the US walking away from the Iran Nuclear Treaty and will be raising gas prices (possibly).

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Will Trump take credit for higher gas prices like he did lower ones? (always blame somebody else for bad things- only take credit for good things)

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UWDude
04-22-2019, 12:04 PM
"We have made clear if you don't abide by this, there will be sanctions," Pompeo said.


US gonna sanction China?
Not even in clown world.

Anti Globalist
04-22-2019, 12:40 PM
WTF? Is the US regime trying to start WWIII?
Seems to be the case.

enhanced_deficit
04-22-2019, 12:47 PM
While this is risky move from globalism and interventionism standpoint even if defending our closest allies is vital for our political system's functioning, this development should not be allowed to be used for resurgence of conspiracy theories by likes of Tulsi Gabbard who had called MAGA Saudi's b-word and former Chief of Staff of Colin Powel who had crossed the line also:


https://www.tabletmag.com/scroll/254927/times-op-ed-accuses-jewish-billionaires-of-agitating-for-war-against-iran


‘Times’ Op-Ed Accuses Jewish Billionaires of Agitating for War Against Iran

Stratovarious
04-22-2019, 04:33 PM
Who is the key aggressor in the middle east, and one with hundreds of nucs, is it
not Israel ?

Why sanction anyone that deals with Iran, this policy smells of more Cucking to Israel.

Swordsmyth
04-22-2019, 06:54 PM
Iran will block the world’s most important chokepoint for global oil trade, the Strait of Hormuz, if Tehran is barred from using it to export its oil, Navy Rear Admiral Alireza Tangsiri, Commander of the Islamic Revolution Guards Corps (IRGC), said (http://en.farsnews.com/newstext.aspx?nn=13980202000897) on Monday, just as the U.S. announced that it would not be extending any waivers to Iranian oil customers.
"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. In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters. We will defend our prestige and embark on reciprocal acts when it comes to defending Iran's right," Iranian Fars news agency quoted Tangsiri as saying in an interview with Arabic-language al-Alam news channel on Monday.


Over the past year, Iran has threatened several times to close the Strait of Hormuz for all tanker traffic if the U.S. drives Iranian oil exports to zero.
The Strait of Hormuz is the world’s most important chokepoint, with an oil flow of 18.5 million bpd in 2016, the EIA estimates (https://www.eia.gov/beta/international/regions-topics.php?RegionTopicID=WOTC). Some 80 percent of the crude oil shipped through the Strait of Hormuz goes to Asian markets, the EIA has estimated using data from Lloyd’s List Intelligence tanker tracking service. China, Japan, India, South Korea, and Singapore are the largest destinations for oil moving through the Strait of Hormuz.

More at: https://oilprice.com/Latest-Energy-News/World-News/Iran-Threatens-To-Block-Key-Oil-Chokepoint-If-It-Can-No-Longer-Export-Crude.html

pcosmar
04-22-2019, 07:03 PM
sounds like War to me..

damned stupid idea

pcosmar
04-22-2019, 07:07 PM
Iran will block the world’s most important chokepoint for global oil trade, the Strait of Hormuz, if Tehran is barred from using it to export its oil,

any attack on Iran will close it..

They OWN it.

Any military attempt will leave the attackers on the ocean bottom. Coast line is defended..

Damned stupid.

pcosmar
04-22-2019, 07:13 PM
This is how stupid it gets,, It lines up with Ezekiel level of stupid.

Provoked attack on Iran Fails,,, EPICALLY Straights are closed..

World economy crashes,, US impotent after crushing loss /internal breakdown.

Anger and blame focus on the source of trouble in the area,,, Whole world Pissed.

WWIII