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Tag Archives: economic sanctions
The Biggest Threat To Dollar Dominance
The Biggest Threat To Dollar Dominance Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources. While it may have come as a […]
President Trump’s Iran Policy – Is It ‘Normal’?
President Trump’s Iran Policy – Is It ‘Normal’? It’s not often that US Government officials are honest when they talk about our foreign policy. The unprovoked 2003 attack on Iraq was called a “liberation.” The 2011 US-led destruction of Libya was a “humanitarian intervention.” And so on. So, in a way, Secretary of State Mike […]
SWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Direct Buyers
SWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Direct Buyers As reported last week, shortly after SWIFT caved to US pressure and defied the EU announcing it would cut off a selection of Iranian banks, on Monday, the US Treasury said the Iranian Central Bank has been officially cut off the […]
OPEC+ Floats 1 Million Barrel Production Cut After Oil Price Tumbles Into Bear Market
OPEC+ Floats 1 Million Barrel Production Cut After Oil Price Tumbles Into Bear Market With oil prices entering a bear market last week, tumbling 21% from recent highs as it became clear that Trump will significantly water down Iran oil export sanctions by granting waivers to its 8 largest clients even as US inventory stockpiles […]
UK Blatantly Violates Norms of Decent Behavior
UK Blatantly Violates Norms of Decent Behavior Russia and Venezuela are among the countries the EU, including Great Britain, has imposed sanctions on. Both nations have been targets of London’s vigorous attacks, being blamed for numerous nefarious things they have allegedly done. The UK insists that everyone play by the rules. Meanwhile, London is making […]
Iran’s Leadership Must Decide “If They Want Their People To Eat” – Pompeo
Iran’s Leadership Must Decide “If They Want Their People To Eat” – Pompeo Less than a week after US Secretary of State Secretary Mike Pompeo told Fox News Sunday that the “Iranians are responsible for the starvation’ of Yemeni civilians” he’s again issued hugely provocative words, telling the BBC during an interview that Iranian “leadership has to make a decision […]
France Takes The Lead In Protecting Iran Oil Trade From U.S. Sanctions
France Takes The Lead In Protecting Iran Oil Trade From U.S. Sanctions France aims to lead the European Union (EU) efforts in defying U.S. sanctions on Iran, by supporting the creation of a payment mechanism to keep trade with Iran and making the euro more powerful, France’s Economy Minister Bruno Le Maire said in an […]
SWIFT Caves To US Pressure, Defies EU By Cutting Off Iranian Banks
SWIFT Caves To US Pressure, Defies EU By Cutting Off Iranian Banks Shortly after Trump reimposed nuclear sanctions on Tehran on November 5, the international financial messaging system SWIFT announced the suspension of several Iranian banks from its service. “In keeping with our mission of supporting the resilience and integrity of the global financial system […]
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start The US on Monday (Nov 5) is reimposing disciplinary measures targeting Iran’s oil, shipping, insurance, and banking sectors in what US Secretary of State Mike Pompeo called “the toughest sanctions ever placed” against Iran. In response, Tehran has reportedly turned off all oil tanker […]
The Global US Squeeze On Iran Has Started: Europe is Looking For Alternatives
THE GLOBAL US SQUEEZE ON IRAN HAS STARTED: EUROPE IS LOOKING FOR ALTERNATIVES Today the harshest and highest level economic and energy sanctions that can be imposed on any country are being imposed unilaterally on Iran. The US establishment will try its best to bring the Islamic Republic to its knees and Tehran will do […]
Why Trump Decided To Back Down On Iran
Why Trump Decided To Back Down On Iran The Trump administration has finally faced up to what many knew all along: It won’t be able to take Iran’s oil exports down to zero. The U.S. is set to grant waivers to eight countries, allowing them to continue to import some level of oil from Iran, […]
Iran’s Powerful Hardline Cleric Threatens To “Instantly” Create $400 Oil By Seizing Tankers
Iran’s Powerful Hardline Cleric Threatens To “Instantly” Create $400 Oil By Seizing Tankers Just ahead of U.S. sanctions on Iran set to snap back on Monday targeting primarily the energy, shipbuilding, shipping, and banking sectors, Iran’s most prominent conservative cleric has announced that if oil exports are halted, Saudi tankers will be confiscated and Gulf countries […]
US Threatens SWIFT With Sanctions If Iran Isn’t Cut Off
US Threatens SWIFT With Sanctions If Iran Isn’t Cut Off Treasury Secretary Steven Mnuchin threatened the global financial messaging service SWIFT on Friday that it could be penalized if it doesn’t cut off financial services to entities and individuals doing business with Iran. The warning came just days ahead of the US re-imposition of all […]
This Major Cover Up Could Wreak Havoc On Global Oil Markets
This Major Cover Up Could Wreak Havoc On Global Oil Markets The decision facing President Donald Trump is not an easy one, a problem not of his own choosing and one that the politically charged president would rather not have to deal with. To sanction or not sanction Saudi Arabia over the alleged killing last […]
