U.S tells China and India to stop buying oil from Iran

[spongegar]

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

[Getcoinsite]

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

[target]

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

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.

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.

[oo666oo]

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.

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.

[First77]

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

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.

[foaman]

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.

[0t3p0t]

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

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.

[canadinhano]

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.

[patarfweefwee]

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.

[First77]

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

[First77]

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

[keycellko]

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.

[Vishnu.Reang]

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.

[samcrypto]

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.

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.

[mindrust]

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

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.

[Crypdon]

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

[First77]

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.

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

[Quickseller]

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.

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. 

[gabmen]

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.

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

[Quickseller]

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.

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.