Those who lobbied Trump to nix the deal argued that delivering a major blow to the economy could force Tehran to roll back its regional presence and stop developing ballistic missiles. Iranian leaders have said they won’t compromise on national security, and Iranians largely blame the U.S. for not abiding by the deal it spent years negotiating. … [Read more...] about Oil Sales, Bank Woes: Can Iran’s Economy Survive Trump Exit?
Whats oil pulling
Benchmark Brent crude was around $79 a barrel on Friday and a Reuters poll showed prices look to remain strong for the rest of this year due to supply disruptions in countries including Libya and Venezuela and the extra oil from OPEC fails to meet rising demand. … [Read more...] about ‘Prices to high!’: Trump Presses Saudi Arabia To Boost Oil Production
The EU, once Iran's biggest oil importer, has vowed to keep the 2015 nuclear deal alive without the United States by trying to keep oil and investment flowing. Foreign ministers from the five remaining signatories will discuss the European proposal with Iranian officials in Vienna on Friday. … [Read more...] about US-Iran Tensions Rise Over Oil Route As EU Tries To Save Nuclear Deal
On the other hand, Germany and France are actively working to subvert American policy by encouraging India to keep buying oil from Iran. The Trump administration has a choice between pushing for the toughest possible sanctions on Iran knowing that many of Iran’s customers will soften the blow by avoiding the sanctions anyway, or issuing plenty of waivers so it looks as though Europe, India, China, and other major players are more or less on the same page as Washington. … [Read more...] about China Could Ramp Up Iranian Oil Purchases to Blunt U.S. Sanctions
Saudi Arabia transports crude oil from its fields in the east, through the Strait of Hormuz, then through the Bab al-Mandeb strait, through the Red Sea and the Suez Canal to Europe and North America. The Saudis have other choices for delivering oil. One possibility is to use the Petroline and east-west pipeline that can transport crude from fields in the east to the Red Sea port of Yanbu, bypassing both of the narrow straits. It could also charter non-Saudi ships to carry the oil through Bab al-Mandeb, which it already with Asian customers using different routes. Reuters and Debka and CNBC … [Read more...] about World View: Attacks on Saudi Tankers Expose Twin Iran Military Threats to Oil Shipments