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

[First77]

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

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[Hydrogen]

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.

[First77]

I see Gold at $2100/ounce

[mukabokep]

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  

[First77]

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   

[First77]

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.

[Andrew S]

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

[target]

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.

[Victorik]

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.

[Miha Kot]

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

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.

[samiahmed19999]

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. 

[First77]

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".

[AnonBitCoiner]

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.

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.

[ikilledcobain]

I see Gold at $2100/ounce

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.

[Driggers95]

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.

[andrei56]

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.

[b3j0]

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.

[Jetfruit]

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

[First77]

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.

Do it for America.   

[WUUEX79]

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.

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.

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