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Washington may slap sanctions on governments that fail to reduce Iranian oil imports to "zero" by early November, a senior State Department official has warned. But some partners seem reluctant to follow the demand. The US administration has been pushing its allies to follow US President Donald Trump's lead after he decided to pull out of the landmark nuclear agreement between Iran and six world powers. A senior State Department official told reporters on Tuesday he had been traveling to Europe and Asia to convince allies to isolate the "stream of Iranian funding."

India and China traditionally used to get a waiver from sanctions and kept trading with Iran even before the 2015 agreement, so speculation is rife as to whether they will manage to find workarounds this time.The State Department acknowledges that cutting off Iranian oil imports completely is a “challenge” that no country “wants to do voluntarily”.

https://www.rt.com/news (https://www.rt.com/news/431026-us-sanctions-iran-oil)

Imagine if it were possible to travel back in time and prevent north korea from acquiring nuclear weapons. Would it be a policy worth pursuing? Iran is similar to north korea in that they want nuclear weapons for possibly all of the wrong reasons. They say they want to nuke israel. They likely plan to hold a nuclear threat over the heads of their enemies which over the long term could be counter productive and ultimately a waste of time.

It may be beneficial to the united states and the entire world if iran never develops a decent stockpile of nukes and so perhaps these types of economic sanctions can provide useful tangible benefits in preventing fanatical states like iran from gaining leverage to saber rattle with impunity.

The economies of china and india are not great at the moment. They may not have alternative options other than buying oil from the cheapest and most convenient sources. The type of economic flexibility which allows for sanctions is a luxury after all.

I see Gold at $2100/ounce

Iran has one of the key economies, maybe if they do not have it it will be very difficult for them to build nuclear technology, they dare to take a very risky action and risk the fate of their people. it looks like the future will be even worse if there are several more countries like iran  

Iran's President Hassan Rouhani was watching football world cup 2018 in Iran's T-shirt. Next day, Donald Trump's statement came for countries to stop buying oil from Iran   :D

Now Saudi Arabia agreeing to supply crude oil to the loos of Iran's supply, also does not look good world markets. Crude oil is going back to $100/barrel.

Saudi Arabia is at war with Yemen. Oil supplies can be hit.

The US does not want to see Iran as a developing country and cuts off all economic ties between Iran and other countries.

There is no stopping Iran to have what they want, what makes Trump in a position to influence those countries. China has their own way of dealing all these and they can't just tell china to do this and that. Iran has a country to run and its their right to arm themselves in a possibility of war otherwise they are going to be bullied by the neighboring countries.

I agree Iran nuclear program must be stopped. I do not trust the ancient Persia Kingdom but completely pressing China and India from buying their oil may spell doom for Iranian people, I wish this could be diplomatically resolved. Iranian government need to rethink her actions.

The United States is not profitable for someone to buy oil that they want to sell their own as the Treasury needs money Donald trump is not a politician , and a businessman and he understands that it is profitable to sell oil to the East, you can get important allies of Russia.

U.S thinks whole world is with them. They can say and stay any what ever they like. Obviously, Iran should respect international rules. Stopping buy from Iran will suffer by Iranian people not government. 

Donald Trump said "we are not building a nation, we are killing terrorists".

Yes. I think they had right to buy petrol from any country.U.S think ,all should obey their concern in all the sectors.In a democratic country,they had a right to take decision on their own .They no need to consult anyone for the decision making,not only for this alone.It will be common to all department.

I'd like to see that - besides crypto I've got a bit in physical as well. The gold and silver market has been manipulated for ages though - I'd be shocked if 'they' let it go that high. It would probably take a storm of events to get enough people going to the safe haven of gold to pump it up to $2100.

I will be a cold war between America and Iran. If all countries stop buying oil in Iran, not only the Iranian government but also many people living in Iran will be affected.

For that to work the penalties will have to be greater than the reward of getting cheap oil and the question is the US government willing to go that far? Even if that means China and India could retaliate with their own sanctions against the US? I understand that stopping the Iranian government from getting nuclear weapons is important but even if they were successful in their attempts to reduce Iranian oil exports that will only make the Iranian government even more decided to get nuclear weapons.

I still do not understand why the US does that, Iran is one of the largest oil producing countries in the world. The US should not interfere with the bilateral relations between the countries.

The united states calls on allied countries to cut oil import from iran to ensure adequate global oil supplies

Do it for America.   :)

Although Washington will drop thousands of sanctions against some countries that are reluctant to comply with the request, it will not dampen the intentions of oil importing countries, as Iran's one of the seventh largest oil producers and exporters after the United Arab Emirates. Besides, because of its low prices make the most of oil importers competing, looking for alternatives to buy Iran oil. At the same time, importers of oil including Japan, South Korea, and India, as well as European countries say they will continue to purchase Iranian crude, wow this's great. The EU is a country that has an interest with the Iranian state because there are three countries within it which support the Iranian agreement.

At present Iran still maintains its nuclear agreement. If US sanctions succeed, isolating Iran from economic benefits, then it's possible that Iran will further expand its nuclear program.


Because both equally have old grudges since the 90s era.

Can US actually dictate to another country not to buy a product from another country? I mean what power does the US have to do this? I mean to dictate China and India which are 2 of the most densely populated countries in the with man power that could put US to it's knees. I myself don't dabble in politics simply because it is dirty

Well i believe that every country has they're own rights implmenting what can help the people under they're command,if china and india stop importing LOW PRICE oil from iran.will america will provide this for them?for sure not so i dont think its just easys what trumps wanted this to happen remember his own country is in economic problem too just like most of the world

That is exactly what might happen. They weren't successful disarming North Korea, that will encourage Iran to have their own. That country has been up for more than centuries, IRAN was once called PERSIA, its been established since the dawn of time compare to US that is a pride to them. They have to arm or Israel will crush them if things go wrong.

Imagine of if it were possible to travel back in time and prevent the United States from acquiring nuclear weapons. Would it be a policy worth pursuing? Hiroshima and Nagasaki would have not been bombed.

Stopping Iran oil could be world changing event. Stock markets, gold, silver. petrol/gasoline, even Bitcoin prices will go up or down +10% or -10%. Keep an eye here.

India is really a valuable player against China and the Americans want to build relations with it. On this, I think, India is not touched by anyone. With fire playing Iran, unlike the same North Korea, Iran does not have nuclear weapons. And this is exactly what is today the guarantee of security.

So this event has similarity with the movie "The dictator" starring Baron Cohen. It seems like they portrait something in the real world into a funny movie like that. This is not just an ordinary war because this is the war of economies. I think there are reasons why Iran is arming and stockpiling nuclear weapons just like North Korea and other countries that US is trying to control. But whatever they are doing right now may affect other inocent nations arround the world like a domino effect.

This does not affect the cryptographic password, according to my opinion. The cryptographic market is not related to oil and gas. So that is the market that separates. Cryptography develops based on the supply and demand of the entire economy and for its own purposes.

I think whatever happens someone will buy Iran's crude oil no matter what president Trump might say. I mean the world needs it and iran and Saudi are one of the key players. Yes Saudi could fill the lose of Iran but Iran could always sell lower. Besides, Trumk has no power over where we and who we buy crude oil from.

I think Saudi Arabia will be supplying 1 million to 2 million barrels of oil more per day to cover the loss of supply from Iran.

But if there further stoppage of oil supply due to wars, transportation, accidents etc.. crude oil has no more backup supply. This situation cannot be ignored

Iran threatens to block Strait of Hormuz in response to US attempts to stop its oil exports

Tehran will close the Strait of Hormuz, effectively blocking all the oil shipments from the Persian Gulf if Washington succeeds in its attempts to reduce Iranian oil exports, an Iranian Revolutionary Guards commander said.
“Any hostile attempt by the US [to impede Iran’s oil trade] will be followed by an exorbitant cost for them,” Esmail Kowsari, a deputy commander of the Revolutionary Guards’ Sarollah base in Tehran told the Iranian Young Journalists Club, which is linked to the national broadcaster controlled by the supreme leader, Ayatollah Ali Khamenei.

“If Iran’s oil exports are [stopped], we will not give permission for oil to be exported to the world through the Strait of Hormuz,” Kowsari said, as cited by Bloomberg.

The Strait of Hormuz is one of the world’s most strategically-important choke points, particularly when it comes to the oil. The Strait of Hormuz is one of the world’s most strategically-important choke points, particularly when it comes to the oil trade. About 30 percent of all seaborne oil is transported through it. Iran threatened to block the strait on several occasions over the years but has never followed through with its threats yet.

https://www.rt.com/news (https://www.rt.com/news/431812-iran-threaten-block-hormuz)

Well it has been that way all the time. US thinks they own the world and they have a say at everything. If some countries don't follow their lead, they would cut ties immediately. I think there's something deeper than just nuclear weapons and oil here. But of course, the US will hide behind their excuse as for always.

This is a very foolish step from the United States. If you take out the oil production from Iran, then there will be a severe shortage in the oil market and the prices will go above $100 per barrel.

U.S is trying to become a great source of Oil in a world now, and trying to control other countries. India is one of a great country, but hopefully they will not be like other counties who's under the power of U.S. For sure this can't affect the market of cryptocurrency, and we will still enjoy this market.

They did in the past. Saddam didn't listen, they decapitated him. Gaddafi didn't listen, they skewered him alive with iron rods. You can come up with more examples.

USA can dictate anything as long as the other side is weak and has no power to resist them.

Question is, Is China weak?

If USA goes to war with China, this time the US might not win. Especially while the allegiance between Russia&China&Iran stands. These three countries already formed a mutual relationship and the EU doesn't eager to follow orders from the US anymore.

U.S is already at [trade] war with the Chinese so why should they listen to Trump and follow his lead. Iran should copy Venezuela and trade in Iranian-petro to avoid any financial sanctions

A helicopter from the aircraft carrier USS Abraham Lincoln hovers over an Iranian patrol ship during a transit through the Strait of Hormuz

https://www.rt.com/business (https://www.rt.com/business/432075-iran-strait-hormuz-oil-prices)

Iran is the worlds largest state sponsor of terrorist organizations, and as a result of the US pulling out of the "Iran deal" there are sanctions against Iran.

The goal is to hurt Iran's government, and to over time make it easier for it's people to overthrow it. 

Still. The us isn't the sole governing power and there's the unuted nations. The us doesn't have thr right to dictate to other sovereign governments what to do. That's going a but overboard and i don't think china and india would pay heed anyway

There was a WSJ editorial about this very issue a couple weeks ago.

Anyone who evades Iran sanctions imposed by the US could be subject to sanctions themselves. So people would need to choose between trading with Iran or with trading with the US. The answer should be easy.

Some European governments are apparently considering to use their central banks to evade sanctions with the assumptions that the US will not subject the central banks to sanctions because of the damage this will do. The author suggested that directors and employees of the central bank could be sanctioned as an alternative to sanctioning the central bank itself.

US in this case is not doing great enough. Iran is a strong country and after Trump issued the statement, the president of Iran has threatened Trump to that they will resume the nuclear experiments. This is what something Mr. Trump did against his own decision.

We will see the consequences of the decision however China looks at its own interest and does not necessarily follow what the Washington say.

First of all I don’t find any relevance of this topic regarding bitcoin because in my opinion there is no comparison relation of bitcoin with the bitcoin price but in relevance of this topic I would like to say that US might be afraid that their GDP and the valuation of their dollar will be fall down if China and India continue to buy oil from Iran and that is why trump has denied them not to buy oil from Iran but I think these two countries are smart enough in themselves and would take their own decisions.

Now $1 = 70 Indian Rupees [going to $1 = Rs 80]. India has taken a blow from international events having avoiding them for past 20 years.

Turkey's currency "Lira" fell -45% in one day from U.S sanctions. Major world events and Gold go together

In other news:

https://news.bitcoin.com/iran-expected-lift-cryptocurrency-ban-september/


This is a hint that they will pull a Venezuela Petro stunt, having their own coins which is backed by oil, to manuever itself against trade embargo led by US.

I understand the Venezuela coin was largely a failure. Most exchanges prohibited its use on its platform as well as by their employees. I don’t think they were really able to raise much money this way. I would anticipate Iran’s coin similarly fail.

In both cases, if their government is overthrown the new government would likely not honor these obligations.

this is an economic attack from America where they want to bring down the country's economy, it turns out that after the news comes the currency immediately falls drastically, and this of course also affects the price of bitcoin because many investors from Iran sell bitcoin they have and finally this makes Bitcoin prices experience a deeper correction because it is added to the panic of other bitcoin owners

Israel admits 200+ strikes against ‘Iranian targets’ in Syria over 18 months

The Israeli military has admitted that over the past 18 months it carried out more than 200 strikes in Syria, which it claims destroyed hundreds of alleged Iranian targets, local media report.

Accusing Tehran of constants attempts to gain foothold in Syria, and potentially deploy tens of thousands of soldiers on the ground, the IDF on Tuesday said that it carried out attacks against at least 202 ‘Iranian targets’ on its neighbor’s soil. Overall, some 792 bombs and missiles were launched at Syria since 2017, the IDF said on Tuesday during a special briefing with the military correspondents.

https://www.rt.com/news (https://www.rt.com/news/437647-israel-strikes-syria-iran)

IMO, Saudi Arabia is a much bigger threat than Iran. They are sponsoring shadowy organizations with links to extreme-right Islamic militias. On the other hand, apart from their limited interference in Syria, Iran hasn't intervened in the internal affairs of any other country.

The main buyers in Iran are East Asian countries, of which India and China are major buyers!
Sanctions against Iran are an excuse to raise oil prices for real purposes. Then the United States exported at the big bang, and then made a fortune.

This is because Bitcoin is illegally and its going to affect them

The world could see a major war. Islamic terrorists are following Mahdi = End times

If any of those countries would never listen to the Unites States then it would create a precedence to other countries that plans to play with nuclear bombs. Life will be so hard with these mega weapons of mass destruction. I just hope this will be stopped voluntarily or by economic pressure but without war or anything that isn't good.

Seems the US is harassing Iran for the oil sanction which Trump think the best way to put down Iran's pride and be an alliance and will later on benefit on Iran's resources. What a greedy act.

I found also an interesting article how US warned Iran to have a " harshest sanction ever " if Iran won't stop.
https://www.google.com.ph/amp/s/sputniknews.com/amp/middleeast/201807221066593940-iran-us-oil-exports/

Not very sure how this fits in with bitcoin since this would majorly lead to recession within the country itself and in that case, fiat is never even the best option to be getting into. The world though is getting crazy every single day as we keep seeing different forms of attack from one country to the other and this would probably be leading to a very crazy war eventually.

From what someone said, if Iran is planning to lift cryptocurrency ban and also trying to test national cryptocurrency, I guess they will be trying as much as possible to go the Venezuelan way which would not really work out good eventually anyway.

Well since iran has the highest value of bitcoin at $24,000 do you think US will tell cryptonians not to buy bitcoin too?I believe that its every country’s prerogative where to buy oil as long as this has a lower price,and with this iran has it to givr to the buyer so US can’t oush these countries to follow what the command is

right, according to the news i read like that, America will impose sanctions on those who buy oil in Iran, and i think if desperate to buy it, it means an economic war with America, and many countries do not want to take that risk

why does Iran want technology from nuclear? this is quite risky for the people of Iran as you say, I didn't expect this to happen. I think with this there must be many people from iran who suffer,

Not yet one year, Donal Trump has served as president of the number one country in the world, but has done some things that I think are stupid.
does he plan to mobilize China and India to stop buying oil from Iran. trump said he did not build a nation, but was killing terrorists.
I think the real terrorist is himself.

End times indeed. There is a huge level of international politics going on and for the fact that this might actually effect on the price of oil, U.S apparently have some hidden agenda themselves. Starting with the trade wars, and then hitting China and India to stop buying oil from Iran, is more like a stunt to pull down the Iranian economy. However, this would still ball down to the two nations themselves, if they will be able to find workarounds as against the sanctions. Time will tell!

I think this is one way to keep the state in power and where China will not be able to compete with that country

12,000 fuel tankers destroyed by Russian fighter jets after spotting them at Turkish border

https://www.express.co.uk/news (https://www.express.co.uk/news/world/629409/Russian-jets-smash-ISIS-oil-tankers-after-spotting-12-000-head-for-Turkish-border)

If you would have given some effect of the above news on crypto market it would have been useful for bitcoin forum.  I tried to think over it and could find following relation of financial / political crisis over the crypto market;
Due to above problems may be people start buying gold / crypto currency for safeguard of their interest.   If it happens ; the prices of gold and crypto may go upward. 

Then what happen next after the order? The US has resulted to direct transactions leading to secrets of Napolis and the president marcus to grant charming of the month. Aside so probably the owner had already benefite dthe money. Then ako asawa noma panangak.

Even with the Iranian oil exports, the brent crude prices are fluctuating at around $80 per barrel. If the Iranian production is removed from the market, then I am afraid that the prices may reach $200 per barrel.

This is unlikely. Iran makes up a fairly small portion of global oil production and other major oil exporters will likely increase their own production to make up for Iran's losses.

What could affect oil prices is Iran trying to stop trade through the Persian Golf, although if they try this, they are almost directly inviting a war against Europe and the US, which they are almost certain to lose.

Let's see how the trade war will play out in the next year.

It will continue but as long as countries rely their oil from Iran, they can be sure China will not abandon them maybe even defend them. There are reasons why they want to establish military power, its the same thing with Israel. What difference do they have that Israel has the right to have the forces and them don't have.

This trade war will not end anytime soon, if you see every President of the Usa creates war like situation to leave a legacy or go on war and save his presidency. I believe so far Iran won't be bothered as India is paying in local Indian currency, and China is yet backing it up. However going ahead I do believe if Iran can't reach for a settlement with Trump, they risk starting a war which will not be good for any country as trade routes and crude prices shall be effected.

US policy always about oil in Iran. US want to block the economy and prohibit most county in the world for buying oil from Iran government. But seem Iran always finds a way to sell their Oil to others country. Beside that, China ignoring US warning because china is need more oil to increasing their production

I don't understand what type of power does US have over china to tell something like this. I don't know what type of power they have over India so I can't really say anything about that but even that's wrong because they are meddling with other countries business and that's not something you can just do.

However when it comes to China, china has a lot more power over USA than USA has over China, china literally is selling USA bonds for dirt cheap to ruin their economy and instead of trying to better their relations with China the amazing government is pushing for more demands.

It makes no sense and if China actually listens to USA and not get oil from Iran they will probably ask something in return, more importantly price discounts from some countries to get from them and USA will have to pay for the difference which will not be great for their economy which is already collapsing.

People often quote "international law" when saying that someone may or may not do something, as in "that's not something you can just do".

The problem here is simple: international law is for average citizens only. Major world powers only use the law as a guideline, but they end up doing whatever they want.

China places large war vessels near islands in the South China Sea, nobody can do anything about it. The US can protest, other countries can file protests at the UN, but that's not really binding.

The concept of international law and "that's not something you can just do" is more complicated than it looks.

It's not just the US. Other major powers do the same thing in different places all the time. We hear more about the US because it's more monitored and also more powerful, but several countries do this stuff all the time within their power spheres.

on the other hand, we know China in conditions of the trade war with America where all countries bear consequences of this event, of course fellow Chinese competitors are reasonable if they do not heed the advice of the US

Iran is a country that I always wonder how there citizens are surviving. Iran still stick to some laws and things that are not call for in this 21 century. If U.S take action against them it will put a stop to some what is going on in that country. Unclear weapon should not be allow in any country.

I don't see China obeying President Trump or the US directive to boycott Iranian crude oil. The Chinese like we already know would like to draw any country isolated by US to itself so as to build its own political power and allies.

This is a selfish expression. The initiator of global free trade is the United States, but now the United States wants to stop global free trade. This is simply too stupid. Trump is now only concerned about the lives of Americans, but the income of the United States will be reduced in the future. The unbalanced world development model will be stopped. In fact, Iran has agreed to abandon the uranium enrichment industry, but the United States unilaterally tore up the agreement. This is obviously the dollar's oil hegemony has been shaken. Is there 7 billion people in the world serving 300 million Americans? This is ridiculous.

US is a very wise country but China would always look at its own interests and would deal with Iran regardless of the sanctions on any of the country from the US. So US is afraid to loose its power and this is why it is trying to control everyone.

America always want world wide countries should and must have to obey all his orders they didn't think about the each and every country have his own problems and they have to solve themselves. It is their own circumstances which they alone know how to overcome and solve. how can one order by sitting in his home to his neighbours home.so this starts and create new unnecessary  problems from which US want to gain and to control worldwide.