{"id":44613,"date":"2019-03-20T08:04:54","date_gmt":"2019-03-20T13:04:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44613"},"modified":"2019-03-20T08:05:01","modified_gmt":"2019-03-20T13:05:01","slug":"moving-forward-iran-outflanks-the-u-s-in-iraq-and-beyond","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44613","title":{"rendered":"Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond"},"content":{"rendered":"\n

Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond<\/a><\/h3>\n\n\n\n

Iran has successfully navigated the first phase of its resistance to U.S. sanctions pressure. The U.S. State Department has admitted it\u2019s goal of reducing Iran\u2019s oil exports to zero is not feasible.<\/p>\n\n\n\n

The goal now is a 25% drop to 800,000 barrel per day. And that is no joke. It\u2019s a big drop from where Iran was looking to produce in the coming years under the auspice of the JCPOA. <\/p>\n\n\n\n

The U.S. will not stop until all avenues have been exhausted or Trump fires his current cabinet. <\/p>\n\n\n\n

Iran\u2019s total non-oil exports have suffered as well, since gas condensate exports have also dropped along with the crude oil numbers. <\/p>\n\n\n\n

But Iran is finding friends in other places. They are currently finalizing a free trade agreement <\/a>with the Eurasian Economic Union (EAEU) with Belarus leading the talks at the 15th meeting between their Joint Economic Committee. <\/a><\/p>\n\n\n\n

Iran\u2019s non-oil exports, however, are still just one-fifth of their peak exports. Like Russia it is working quickly with regional partners to change that dynamic. <\/p>\n\n\n\n

It won\u2019t be enough to overcome the U.S.\u2019s economic pressure in the short term.<\/p>\n\n\n\n

But as I always say if it survives the initial onslaught then market forces open up opportunities for change. Things like INSTEX, the EU special purpose vehicle for getting around U.S. sanctions, is a perfect example.<\/p>\n\n\n\n

Bilateral trade outside of the U.S. dollar is another.<\/p>\n\n\n\n

North-South Trade Routes<\/strong><\/p>\n\n\n\n

The completion of the North South Transport Corridor (NSTC) is also helping. For example, trade turnover between Azerbaijan and Iran rose more than 70% last year. <\/a><\/p>\n\n\n\n

Speaking in the event, [Azeri Trade Minister] <\/strong>Mustafayev mentioned the 12 meetings between the two countries\u2019 presidents during the past five years and said \u201cthat is an indication of how good the relations between the two countries are.\u201d<\/p><\/blockquote>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond Iran has successfully navigated the first phase of its resistance to U.S. sanctions pressure. The U.S. State Department has admitted it\u2019s goal of reducing Iran\u2019s oil exports to zero is not feasible. The goal now is a 25% drop to 800,000 barrel per day. And […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[279,21273,441,20100,522,16963,827,2344],"class_list":["post-44613","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-eu","tag-gold-goats-and-guns","tag-iran","tag-jcpoa","tag-middle-east","tag-tom-luongo","tag-united-states","tag-us-state-department"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44613"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44613\/revisions"}],"predecessor-version":[{"id":44614,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44613\/revisions\/44614"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}