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Author Topic: U.S tells China and India to stop buying oil from Iran  (Read 383 times)
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September 10, 2018, 02:51:51 PM
 #61

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

https://www.express.co.uk/news
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September 10, 2018, 04:37:28 PM
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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

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. 

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September 10, 2018, 04:44:16 PM
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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
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.

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September 10, 2018, 04:55:40 PM
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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.


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September 13, 2018, 03:05:52 AM
 #65

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.

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