We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Will Trump leave the White House before Tehran surrenders?

29 6 4
09.11.2018

The second set of US sanctions against Iran just came into force. These sanctions mainly target two strategic sectors: energy and banking. Washington’s wants to “zero” Iran’s oil exports and cut Tehran’s ties to the global banking system called Swift.

However, there are severe doubts about the ability of the United States to reach these goals, and there are some who say it is likely for the US to return to negotiate with Iran starting from a point far below the Mike Pompeo’s famous 12 conditions.

The first set of exemptions issued by Washington included eight countries, we know four of them: Turkey, South Korea, Japan and India, which made it clear that it will be impossible to carry out the policy of zero exports.

These four countries alone consume about 50% of Iran’s crude exports. When the other four countries exempted from the US embargo are unveiled, this percentage will rise, and perhaps it will increase a lot.

Replacing Iranian oil does not seem easily possible by any of the oil producing and exporting countries. Therefore crude oil prices are expected to rise significantly in the next........

© Middle East Monitor