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

[bitgolden]

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

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.

[stayeduptolate]

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

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.

[First77]

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

[btc_angela]

In other news:

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

Iran Is Testing National Cryptocurrency

Iran Expected to Lift Cryptocurrency Ban in SeptemberMr. Hakimi also discussed the possibility of Iran’s current position regarding the development of a state-issued cryptocurrency, stating: “National virtual currencies haven’t proved successful experiences in the world, but some economic officials have emphasized on this, so the Informatics Services Corporation has readied a test edition and some other entities are also cooperating in this.”

Saeed Mahdiyoun, an official representing Iran’s Supreme Cyberspace Council, also recently indicated that the country’s cyberspace authority was actively exploring the idea of introducing a national cryptocurrency.

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.

[Quickseller]

In other news:

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

Iran Is Testing National Cryptocurrency

Iran Expected to Lift Cryptocurrency Ban in SeptemberMr. Hakimi also discussed the possibility of Iran’s current position regarding the development of a state-issued cryptocurrency, stating: “National virtual currencies haven’t proved successful experiences in the world, but some economic officials have emphasized on this, so the Informatics Services Corporation has readied a test edition and some other entities are also cooperating in this.”

Saeed Mahdiyoun, an official representing Iran’s Supreme Cyberspace Council, also recently indicated that the country’s cyberspace authority was actively exploring the idea of introducing a national cryptocurrency.

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.

[yusupjatigumilar]

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

[First77]

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

[Vishnu.Reang]

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.

[zhanyiguai261315]

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.

[Olagunjudayo007]

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

[First77]

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

[PlusOne88]

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.

[Crypto Girl]

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.

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/

[naidray]

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

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.

[carlisle1]

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

[nur rochid]

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.

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

[joshuarose]

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.

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  

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,

[ajuelnah akun]

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.

[NeeNts]

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

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!

[Fendi23]

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