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Tag Archives: economic sanctions
The Self-Defeating US Empire
The Self-Defeating US Empire Trump is trying to square a globalized world through a national-based American capitalism. It won’t work. Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”. What […]
Stock Market Chaos Sparks Oil Selloff
Stock Market Chaos Sparks Oil Selloff The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent fell more than 1.2 percent on Wednesday and was down another 1.5 percent in early trading on Thursday, falling […]
BP Chief: Saudi Arabia Is Holding Back Production
BP Chief: Saudi Arabia Is Holding Back Production “I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil & Money Conference in London. “But on the other side of it you have very unpredictable circumstances in Venezuela […]
There is No Legitimate Reason to Impose Sanctions on Iran
There is No Legitimate Reason to Impose Sanctions on Iran Photo Source Blondinrikard Fröberg | CC BY 2.0 A friend in Tehran tells me that he marvels at the attitude of the United States ruling establishment towards Iran. ‘Why do they hate us so much’, he asks? It is a fair question. His country, he […]
Sanctions Busting, European Style
Sanctions Busting, European Style U.S. officials were infuriated last week when Germany, the UK, and France unveiled plans to create a European payments channel to help Iran to avoid U.S. sanctions. Even more surprising was their chosen allies: in announcing their sanctions busting plan, the Europeans were joined by Russia and China. There has been […]
UN Court Orders United States to Lift Iran Sanctions Linked to Humanitarian Goods, Civil Aviation
UN Court Orders United States to Lift Iran Sanctions Linked to Humanitarian Goods, Civil Aviation October 03, 2018 “Information Clearing House“ – THE HAGUE, Netherlands (AP) – The United Nations’ highest court on Wednesday ordered the United States to lift sanctions on Iran that affect imports of humanitarian goods and products and services linked to […]
US Sanctions Against Russia Are “A Colossal Strategic Mistake”, Putin Warns
US Sanctions Against Russia Are “A Colossal Strategic Mistake”, Putin Warns As Russia is preparing plans to wean its banking system off the dollar, advancing a trend of de-dollarization among the US’s largest economic and geopolitical rivals, Russian President Vladimir Putin accused Washington of making a “colossal” but “typical” mistake by exploiting the dominance of […]
Putin: Trump Is To Blame For Higher Oil Prices
Putin: Trump Is To Blame For Higher Oil Prices Just hours after President Trump implicitly threatened Saudi Arabia with a withdrawal of military protection (a threat that was possibly inspired by OPEC+ ignoring Trump’s demands to raise production at its Algiers meeting last month) Russian President Vladimir Putin said out loud what many oil traders […]
Iran “Finalizing” Mechanism To Bypass SWIFT In Trade With Europe
Iran “Finalizing” Mechanism To Bypass SWIFT In Trade With Europe Just days after Europe unveiled a “special purpose vehicle” meant to circumvent SWIFT and US monopoly on global dollar-denominated monetary transfers – and potentially jeopardizing the reserve status of the dollar – Iran said it was finalizing mechanisms for the oil trade to bypass US […]
US Imposes Sanctions on China for Buying Russian Weapons: Waging War on All Fronts
US Imposes Sanctions on China for Buying Russian Weapons: Waging War on All Fronts On Sept. 20 the US imposed punitive measures against China’s military under the 2017 Countering America’s Adversaries Through Sanctions Act (CAATSA), in retaliation for its purchases of Russian military equipment. The move is meant to “punish” Moscow for what American officials […]
China Summons US Ambassador Over Sanctions Scandal
China Summons US Ambassador Over Sanctions Scandal China’s foreign ministry summoned the US ambassador on Saturday to lodge an official protest over the sanctions imposed by the United States against a Chinese military organization for buying Russian fighter jets and missiles, state media reported. The announcement came just hours after a Chinese defense ministry spokesman […]
Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint
Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s IRNA news agency reported on Friday. Aircraft including nine F-4, six Sukhoi, and four […]
“The US Will Bear Responsibility”: China Furious After US Sanctions Beijing For Buying Russian Weapons
“The US Will Bear Responsibility”: China Furious After US Sanctions Beijing For Buying Russian Weapons It has been barely two weeks since China joined Russia in the “Vostok” war games, the largest display of Eurasian military might since 1981 when the Soviet Union was still a global superpower, and already the US has found an […]
Iran Sanctions Are Damaging The Dollar
Iran Sanctions Are Damaging The Dollar Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a […]
