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Thread: Target: Iran

  1. #241
    Iranian Oil Exports To China Hit 874,000 Bpd In August
    https://oilprice.com/Latest-Energy-N...In-August.html


    these will start declining now, with the August number representing the peak.

    Loading data for delivery this month suggests that China imports of Iranian crude will average 581,000 bpd in September.

    Despite this expected decline, China has said it will continue to do business as usual with Iran, including in oil, despite a promise that Beijing officials made to a U.S. delegation last month that Chinese refiners will not increase their intake of Iranian crude further. In light of the escalating trade war between China and the United States, it’s anyone’s guess how willing the Chinese will be to keep this particular promise.

    As for how Chinese refiners would continue buying crude from Iran without attracting sanctions from the Department of Treasury, one way would be by using tankers owned and insured by the National Iranian Oil Company. Another, less public way would be to accept illegal shipments that Iran has suggested it could resort to under sanctions

    Sinopec is the biggest Chinese buyer of Iranian crude, utilizing two-thirds of the total.
    PetroChina is another big buyer, taking in about one-tenth of total Chinese imports from Iran
    third-largest buyer of Iranian crude in China is a trader, Zhuhai Zhenrong, which then sells it on to local refineries.



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  3. #242
    ----------
    Iran receiving an S-300 system from Russia/2017


    https://twitter.com/IRI_SEAMAN/statu...265984/photo/1



    (also, they now produce their own S-300 'knock off' AA system... square tube launchers.)

  4. #243
    A new extensive report in Middle East Eye charts the unsurprising trend of Iranians of means pulling money out of Iran to invest and lay down roots abroad. The only surprise, however, is that they appear to be fleeing one smashed economy for another troubled one in the region: Turkey has experienced a surge in recent Iranian real estate purchases in the country, according to the report.
    One Iranian economic migrant interviewed by Middle East Eye summarizes the trend: “To survive and to have a better life, we chose to migrate to Turkey,” said Ali, an Iranian living in Ankara. “Iranian currency has lost its value, even against Turkey’s," he said, but the Turkish lira still remains more affordable for Iranians than the euro or the dollar.

    "That’s why Iranian’s first step would always be Turkey, even when they actually want to migrate to Europe or America,” Ali said. For other Iranians who had ever had an inkling of relocating abroad, those plans have now been dramatically hastened, as people's entire savings have turned to nothing seemingly overnight.


    Tehran has been loathe to say it publicly, but some immigration officials in the country have acknowledged Iranians of any available means are exiting the country in droves, though official statistics have yet to be released, according to Middle East Eye.
    And many are headed to Turkey, as a bump in Turkish real estate seems to indicate.

    The Middle East Eye report begins by explaining Turkey's own economic woes in its deepening spat with Washington which began in earnest over the summer:
    The value of the Turkish lira has plummeted by more than 40 percent since the start of the year amid concern over the country’s monetary policy and as a diplomatic row between Ankara and Washington has intensified.
    But this hasn’t put off Iranians. According to the Turkish Statistical Institute, TUIK, the number of properties bought by Iranians in Turkey jumped in the first six months of the year to 944 compared to 792 in all of 2017.
    Turkey has remained open to trade with Iran and has continued to purchase Iranian oil in defiance of Washington demands. Simultaneously amidst increasingly closer ties in the face of a common enemy other Turkish institutions have remained open to Iranians, including readily available loans from Turkish banks and a place to store their assets while Iran attempts to weather the storm.
    Since the US pullout of the Iran nuclear deal, Iranians "have purchased around 1,000 homes and apartments in Turkey" according to Reza Kami, chairman of the Iran-Turkey Chamber of Commerce.
    He explained of the surge, "Besides easy regulations and no need to get visas, people's predictions about their assets losing their value have played a key role in their decisions.” Likely, this is only the beginning of a trend which is sure to add to the crush of Iran's economic collapse.

    More at: https://www.zerohedge.com/news/2018-...rkish-property
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  5. #244
    Victor Kuhnovets
    ‘Hello, Jack’: Iranian FM blasts Twitter for blocking real Iranians as ‘bots’ — RT World News
    https://www.rt.com/news/438612-javad...cizes-twitter/


    Real people being silenced because their voice doesn't say what the globalists' ears want to hear...

    =========

    Trita Parsi
    Wow! Al Jazeera unveils MEK troll factory! Former MEK trolls explain how they manipulate Iran discussions on Twitter
    by pretending to be Iranians liking Trump and attacking MEK critics.

    Apparently, I was someone they spent a lot of resources attacking...






    About 180 Iranian Companies to Engage in Syria Post-War Reconstruction
    https://sputniknews.com/middleeast/2...-construction/


    DAMASCUS (Sputnik) - Around 180 Iranian companies are going to establish plants for the production of building materials in Syria in order to engage in the country's restoration
    Last edited by goldenequity; 09-17-2018 at 10:11 AM.

  6. #245
    oops repost. Good video in post above.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  7. #246
    Press TV
    Turkey to create joint bank with Iran to help trade in local currencies
    http://ptv.io/2dXe


    (announced after Sochi Putin/Erdo meeting.. )
    Last edited by goldenequity; 09-17-2018 at 04:37 PM.

  8. #247
    Quote Originally Posted by goldenequity View Post
    Press TV
    Turkey to create joint bank with Iran to help trade in local currencies
    http://ptv.io/2dXe

    (announced after Sochi Putin/Erdo meeting.. )
    Wow. This is HUGE! A total poke in the eye of Washington.
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  9. #248
    According to Bloomberg tanker tracking data, Iran’s crude oil and condensate exports have dropped by more than 30 percent since April. In the first two weeks of September, Iran’s condensate exports plunged to 175,000 bpd, down more than 40 percent from April, as major buyer South Korea hasn’t bought any Iranian oil or condensate in more than two months, complying with U.S. efforts to bring Iran’s oil exports down to zero.

    More at: https://oilprice.com/Latest-Energy-N...s-To-Asia.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  11. #249
    Hezbollah

    Nasrallah to Israel: "No matter how many times you bomb Syria I tell you the deal is done. The mission has been accomplished.
    We now have precision-guided munition. We are able to protect Lebanon. If Israel chooses war, the results will be beyond what they have ever imagined."
    https://mobile.twitter.com/RanaHarbi...90324097912832

    ►Interesting Nasrallah truth telling:
    2006 he said they would hit Israeli warships and did,
    said they would pound Haifa and did,
    said heavy weapons in Gaza: Kornet ATM and M302/M75/R16 0missiles.. all true.
    How Iran/Hezbollah got the weapons into Gaza without Egypt knowing still a mystery.


    https://twitter.com/Ozkok_/status/1042512040932401152

    Guy Elster
    Netanyahu warns Nasrallah: "He will be hit in a fatal way he can not imagine in a case of any new conflict."



    Al-Masdar News
    Nasrallah: Israel 'will face a fate it has never expected' (video)
    https://aml.ink/n-iPq

  12. #250
    The following video is about the Mojahedin-e Khalq (MEK) that for many years has worked on overthrowing the Iranian government.
    It features John Bolton, who has repeatedly spoken for MEK.

    Also some Iranians are interviewed, who oppose the MEK (at least one of them who had worked for MEK).
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  13. #251
    =====




    https://twitter.com/Ozkok_/status/1043094476053471232

    Another fail...


    ======

    Lavrov "The new anti-Russian sanctions of the United States are another manifestation of unscrupulous competition."

    US administration announced new sanctions against Russia, consisting of two packages,
    due to its alleged use of chemical weapons against Russian former intelligence officer Sergei Skripal and his daughter Yulia
    in the UK city of Salisbury in March.

    The first wave of restrictions took effect on August 22.

    Specifically, with respect to Sukhoi, a plant in Komsomolsk-on-Amur, these sanctions are, of course, another manifestation of unscrupulous competition," Lavrov said.

    US Put 33 Russian Officials to Sanction List After Treasury Receives New Powers
    https://sputniknews.com/world/201809...ctions-russia/

    On Thursday, the United States added 33 people and entities to its Russian defense and intelligence sector blacklist, meaning that anyone who does business with them will face mandatory US sanctions under the Countering America's Adversaries Through Sanctions Act (CAATSA).

    US President Donald Trump has given the Department of Treasury the authority, under the International Emergency Economic Powers Act (IEEPA), to impose sanctions on Russia.

    "I have authorized the Secretary of the Treasury, in consultation with the Secretary of State, to take such actions, including promulgating rules and regulations, and to employ all powers granted to the President by IEEPA and certain sections of CAATSA [Countering America's Adversaries Through Sanctions Act] and UFSA [Ukraine Freedom Support Act] as may be necessary to carry out the purposes of the Executive Order,"

    The Treasury Department declared that these sanctions may result in freezing all property and interest in property of sanctioned individuals, prohibitions on financial transactions transfers of credit or payments between the institutions, denial of visas and travel to the United States.

    The extended section of the IEEPA could be applied to making donations for the benefit of a sanctioned individual whose property in the United States is blocked.
    U.S. sanctions China for buying Russian fighter jets, missiles
    https://reut.rs/2pqeMTO


    China: US sanctions for cooperation with Moscow are a flagrant violation of the principles of international relations.
    https://twitter.com/uunionnews/statu...43058718318592




    https://twitter.com/Ozkok_/status/1043047323633418240


    NEW ANTI-RUSSIAN SANCTIONS IMPOSED BY U.S. ARE 60TH RESTRICTIONS SINCE 2011, THEY ARE FUTILE, AND WASHINGTON WON'T SUCCEED IN DICTATING TERMS ON RUSSIA - RYABKOV

    LAVROV: U.S. SANCTIONS AGAINST SUKHOI COMPANY COME AS ANOTHER EXAMPLE OF DISHONEST COMPETITION
    NUMBER OF COUNTRIES IN FAVOR OF ABANDONING DOLLAR WILL INCREASE - LAVROV

    RUSSIA TAKING ALL NECESSARY STEPS IN ORDER NOT TO DEPEND ON U.S. AND DOLLAR SYSTEM – LAVROV
    NEW U.S. SANCTIONS SHOW THAT DOLLAR SYSTEM FULLY DISCREDITED – LAVROV
    Interfax

    Walter Bloomberg‏ @DeItaOne · 3 min.
    MOSCOW, RIYADH DISCUSSING TECHNICAL DETAILS REGARDING PURCHASE OF S-400 SYSTEMS - SAUDI AMBASSADOR TO RUSSIA
    SAUDI AMBASSADOR TO RUSSIA ON BUYING S-400 FROM MOSCOW: HOPEFULLY, NO ONE WILL IMPOSE SANCTIONS ON US FOR DOING THAT
    Last edited by goldenequity; 09-21-2018 at 08:09 AM.

  14. #252
    On Wednesday, US Special Envoy Brian Hook talked at the think tank Hudson Institute, where he took aim at the 2015 Iran nuclear deal while praising sanctions against Tehran.
    He also accused Iran for what it’s doing in Yemen!

    After he had finished his speech, CODEPINK Co-Founder Medea Benjamin stormed the stage; she was dragged out of the room by 3 security guards.
    That is the most ridiculous thing I have seen. The world community wants to keep the Iran nuclear deal.

    Let’s talk about normal countries. Let’s talk about Saudi Arabia. Is that who our allies are? They are the biggest threat to the world community.
    And how dare you bring up the issue of Yemen? It’s the Saudi bombing that is killing most people in Yemen.

    They’re [the sanctions] hurting the Iranian people. You are making a case for war with Iran. How did the war with Iraq turn out? You’re doing exactly the same thing we did in the case of Iraq. We don’t want another war in the Middle East.

    So let’s get real. No more war! Peace with Iran!
    Hook wasn’t able to respond to any of the shouted accusations by Benjamin, but after she had been dragged out of the room he was able to make a joke: I think she had her coffee this morning”.
    Starting at the 1:00 mark, Medea Benjamin enters the scene.
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  15. #253
    Economic NeoCons.
    Same spirit.
    Same operandi.

  16. #254
    Gunmen Open Fire at Military Parade in South Iran, Casualties Reported (VIDEO):
    https://sputniknews.com/middleeast/2...parade-attack/






    https://twitter.com/thestevennabil/s...98429609615360

    https://twitter.com/Borisich_glass/s...96293165346821

    https://twitter.com/Borisich_glass/s...98031859703808

    https://twitter.com/thestevennabil/s...99673589858304

    https://twitter.com/uunionnews/statu...04706066907136

    https://twitter.com/uunionnews/statu...04930072150016

    Some Saudi supported terror group blamed for attack on military parade parade in Iran.
    https://twitter.com/uunionnews/statu...10433221304320
    Two attackers eliminated:

    https://twitter.com/uunionnews/statu...30468128055296

    Russian Market
    Death toll in Iran military parade attack rises to 24








    AFTERMATH

    Up To 24 People Killed, Over 50 Injured In Terrorist Attack On Military Parade In Iran's Ahvaz
    https://southfront.org/up-to-24-peop...n-irans-ahvaz/

    Max Abrahms
    The separatist group the Patriotic Arab Democratic Movement in Ahwaz claimed responsibility for this attack.
    #IranMilitaryParade





    https://twitter.com/SaladinAlDronni/...63216502845440

    AFP news agency
    BREAKING Islamic State group claims Iran army parade attack


    (now 2nd terror group/ISIS claiming the attack.
    Iranians stated earlier that it was local, Saudi supported group.
    ISIS just wants to be in news I think.)

    Ali Özkök - علي أزكوك
    6 members of the so-called "Ahwazi National Resistance" attacked the military parade of the Iranian Revolutionary Guard in #Ahwaz.



    corporate media don't use "terrorism"


    Putin sends condolences over Ahvaz attack and says "Russia is ready to work with Iran and boost joint efforts in the fight against terrorism".
    https://www.reuters.com/article/us-i...-idUSKCN1M20G8



    “A four-strong terrorist team in disguise attacked the parading column from a pretty close range, where there is a forest park,” stated IRGC Commander of Khuzestan Province Shahvarpour, adding that “three of these [terrorists] were killed. Two were killed on the spot and one had sustained injured and they took them to hospital where he died. A fourth person was arrested.”
    Last edited by goldenequity; 09-22-2018 at 01:18 PM.

  17. #255
    Ali Özkök
    Basra protests and attacks against the Iranian consulate in Iraq
    and
    today's attack in Iran's Ahvaz are not separate incidents.
    They come from the same hand.



    https://twitter.com/IranTactical/sta...45536224264192


    Ali Özkök
    Iranian security forces detained 300 suspects.

  18. #256
    Quote Originally Posted by goldenequity View Post
    Ali Özkök
    Iranian security forces detained 300 suspects.
    Iran summons envoys of UK, Denmark, Netherlands after deadly terrorist attack in Ahvaz
    https://www.almasdarnews.com/article...tack-in-ahvaz/

    Iran summoned the envoys of these three European nations
    after accusing them of harboring opposition groups hostile to the Persian Gulf nation.
    On late Saturday, the Iranian government accused the U.S. and Israel
    of being behind this terrorist that killed at least 24 people and injured more than 50 others.
    Last edited by goldenequity; 09-22-2018 at 03:42 PM.



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  20. #257
    Tasnim News Agency
    The Islamic Revolution Guards Corps (IRGC) said it will take “a deadly and unforgettable revenge” against terrorists behind Saturday’s attack in Ahvaz.
    https://buff.ly/2QS0qrO


    Ali Özkök
    The group involved in the attack in Iran's Ahvaz was founded in Baghdad in 1980 & led by Sheikh Shubair Khaqani.
    It was backed by Saddam Hussein. After his fall, group relocated to Cairo.

    Ali Özkök
    Iran Summons UAE Envoy Over Parade Attack Comments as Tensions Rise With Gulf States
    https://www.haaretz.com/middle-east-...ents-1.6494100

  21. #258

    https://twitter.com/MaxBlumenthal/st...69148688531456

    satanic actually.
    globalists are cowards.
    Last edited by goldenequity; 09-23-2018 at 11:21 AM.

  22. #259
    good cop/bad cop routines.... get older and more predictable every day.

    Theresa May: Iran continues to uphold commitment to nuclear pact
    http://hill.cm/gSI8owY

  23. #260
    Quote Originally Posted by goldenequity View Post

    satanic actually.
    globalists are cowards.
    A Missed Opportunity really,,

    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  24. #261
    Iranian Media Threatens Saudi Arabia, UAE With Missile Strikes - Reports:
    https://sputniknews.com/middleeast/2...ns-saudis-uae/


    Al-Masdar News
    Military will continue to strike Iranian targets in Syria despite S-300 - Netanyahu
    https://aml.ink/JjyBy

  25. #262
    Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The Middle East Monitor reports, quoting the Anadolu Agency and local media.
    The strike is the second that truck drivers in Iran have staged this year, after a prolonged strike action in May in which they protested against rising costs for insurance, repairs, spare parts, and tolls, while their wages were stagnant. Back in May, the government has reportedly agreed to raise the pay for truckers by 15 percent, VOA reported.
    According to The Middle East Monitor, nothing has been done yet to meet the truckers’ demands from May.

    More at: https://oilprice.com/Latest-Energy-N...e-In-Iran.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  26. #263
    so hard to build a society
    so e-z to disable one.

  27. #264
    Amid a growing number of buyers fleeing Iranian crude oil and condensate purchases ahead of the U.S. sanctions, Iran’s fellow OPEC member and regional arch foe Saudi Arabia is offering on the spot market a rarely exported ultra-light oil grade, seeking to replace some of Iran’s condensate sales, Bloomberg reported on Wednesday.
    Saudi Aramco’s trading unit is reportedly offering on the market Khuff condensate—a rare move by the Saudis who usually use this ultra-light oil for domestic refining. To free up Khuff volumes, Saudi Arabia is directing more of its Arab Extra Light to splitters for turning it into raw materials for fuel and petrochemicals, according to Bloomberg.
    Not only is Khuff expected to be an alternative to Iran’s condensate sales, which have already started to drop with major buyers Japan and South Korea cutting off Iran oil trade, at least until they receive clarity on waivers from the U.S. The Khuff condensate is also more expensive than Arab Extra Light, so Saudi Arabia would get more income from Khuff sales. According to a Bloomberg survey of three traders, Khuff is valued $2 a barrel over the October official selling price (OSP) for Arab Extra Light.
    Iran’s crude oil and condensate sales fell in August to below 2 million bpd—the lowest level in more than a year, according to tanker tracking data compiled by Bloomberg.


    More at: https://oilprice.com/Latest-Energy-N...ate-Sales.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  29. #265
    None of India's major firms are planning on importing any oil from Iran in November, Bloomberg reported Sept. 25.

    More at: https://worldview.stratfor.com/situa...-zero-november
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  30. #266
    Quote Originally Posted by Swordsmyth View Post
    None of India's major firms are planning on importing any oil from Iran in November, Bloomberg reported Sept. 25.
    More at: https://worldview.stratfor.com/situa...-zero-november
    Don't believe it for a minute.
    We are heading straight into a free-for-all... i will be enjoying it very much.

    The new 'Black market'=free market.
    The entire globe is going to go 'Wild West'.
    I can use Rupees to buy oil... private bank to bank transaction... Iranian GOVERNMENT will INSURE the shipment. Done. Next.
    (keep yer eye out for 'mysterious' sinking tankers)

    Large 'discounts' will be encouraging ALL of this.
    The 'game' is now afoot... everybody is now 'hiding' from the 'cops' (Bolton etc.)
    so damn funny that STATE players are now 'in' on the game...

    Bloomberg is going to be the LAST to 'document'
    the coming/rising 'underground' trade SYSTEM.
    It's coming.... ALL commodities not just oil.

    It's a war. I already know which 'side' I'm on. Arrrrrrgh......
    Last edited by goldenequity; 09-27-2018 at 09:40 AM.

  31. #267
    Ali Özkök - علي أزكوك
    India approves $5.43bn deal to purchase S-400 from Russia, despite US threats of sanctions - reports
    https://www.rt.com/news/439672-india-buys-s400-russia/

    love it.

    Last edited by goldenequity; 09-27-2018 at 05:20 PM.

  32. #268
    How The EU Is Helping Iran Skirt Sanctions

    At the UN General Assembly on Tuesday, U.S. President Donald Trump was laughed at by global leaders when he boasted about his accomplishments. He may feel insulted by the reception … but a day earlier his administration saw a more tangible display of how much the international community opposes some of his policies.

    On Monday, the European Union announced a decision to launch a “special purpose vehicle” with the mission of helping Iran blunt the impact of U.S. sanctions. …

    The U.S. is nearly friendless in its quest to tear up the Iran nuclear deal, save for Saudi Arabia and Israel …

    “Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop payment channels, notably the initiative to establish a Special Purpose Vehicle (SPV) to facilitate payments related to Iran's exports, including oil,” Britain, China, France, Germany, Russia and the EU announced in a joint statement. The goal is “to protect the freedom of their economic operators to pursue legitimate business with Iran.”

    The EU’s plan consists of an entity setup for the sole purpose of processing payments for companies doing business with Iran. This would allow European companies to buy oil from Iran without fear of getting hit by U.S. sanctions. The trade would presumably take place in a currency other than the greenback …

    The ability of the U.S. to demand compliance from so many countries is a testament to the power of the American-oriented international financial system and … dollar as the world’s reserve currency. … the aggressive use of sanctions will backfire on the dollar in the long run. In the future, the effort by the P5+1 nations to setup an alternative payments system may be viewed as a turning point … In the short run, it is unclear if the effort will have an impact. …
    Last edited by AZJoe; 09-28-2018 at 08:00 PM.
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  33. #269
    China’s top refiner Sinopec is halving its oil imports from Iran as of September, bowing to pressure from the United States, which is seeking to bring Iranian oil exports down to zero with the sanctions returning in November, Reuters reported on Friday, quoting people familiar with the issue.
    Sinopec will reduce its imports from Iran to around 130,000 bpd, based on Reuters calculation on the prevailing supply contracts between the Chinese company and the National Iranian Oil Company (NIOC).

    More at: https://oilprice.com/Energy/Energy-G...l-Imports.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  34. #270
    Quote Originally Posted by Swordsmyth View Post
    China’s top refiner Sinopec is halving its oil imports from Iran as of September, bowing to pressure from the United States, which is seeking to bring Iranian oil exports down to zero with the sanctions returning in November, Reuters reported on Friday, quoting people familiar with the issue.
    Sinopec will reduce its imports from Iran to around 130,000 bpd, based on Reuters calculation on the prevailing supply contracts between the Chinese company and the National Iranian Oil Company (NIOC).

    More at: https://oilprice.com/Energy/Energy-G...l-Imports.html
    "Sinopec—listed in Hong Kong, but more importantly, also in New York—is now facing direct pressure from the United States to curtail Iranian oil imports.

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