Patrol Of US For Iran’s Crude…
The next few days will be very interesting for the global community because of the Donald Trump administration’s decision to reinstate all US sanctions on Iran that were removed under the 2015 nuclear deal.
The US recently set Sunday (November 4) as the last day that the nations have permission to purchase oil from the West Asian nation. Earlier, Russia, China and India announced that they would continue acquiring Iranian oil despite the US threats. Washington responded immediately, saying that as of Monday (November 5), those – who import the Iranian crude – would be sanctioned and their vessels would suffer a naval blockade by the US Navy. However, Moscow, Beijing and New Delhi warned the US, insisting that if Washington applied a naval blockade, then they would break the siege by using military force against the US transgressing ships.
Meanwhile, Iran and the US traded barbs over Washington’s latest move. Iran announced that if it failed to export oil, then nobody in the Persian Gulf would be able to export either because Tehran would close the Strait of Hormuz. As expected, Iran’s warning irked the US, which said in a statement that if Tehran closed the Strait of Hormuz, it would be opened by naval force. Supreme Iranian leader Ayatollah Ali Khamenei initiated a counter-attack on the Trump administration, stressing that if any of Iran’s units was attacked by the US, Tehran might launch an attack on the US’ Persian Gulf fleet.
The global blockade against Iran is supposed to begin on November 5 and the next day (November 6), the US Legislative Elections are scheduled to take place. Perhaps, the Putin-Trump duo will rise with the majority in the cameras on this occasion because the US is a nation where wars generate votes in favour of whoever provokes them. So, the global community should remain observant for the next few days because if Iran fails to export its 3 million barrels of crude oil per day, its price will increase. And if Iran, in retaliation, closes the Strait of Hormuz (where 30% of the world’s exported crude crosses), the price could be doubled. There is another possibility… If Iran blocks the Strait of Hormuz by sinking a couple of its own ships, then it will be difficult for the US to open the Strait by force!
Ayatollah Ali Khamenei
Furthermore, England, France and Germany are all set to join the US in an attempt to subdue Russia, Iran, China and India. Now, the question is: Will it be possible for the US and its Western allies to get success?
Interestingly, the US hinted on November 2 that India could purchase crude oil from Iran after November 5 and the South Asian nation would not have to face sanction for that!!!! Washington also indicated that seven other countries, including Japan and South Korea, would be allowed to import Iranian oil in near future. A senior US official informed the press that China might also avoid US sanctions, as Washington was discussing the issue with Beijing. However, the US is yet to reveal the names of four countries which could continue buying Iranian oil after November 5. It means that India, China, Japan, South Korea and four other countries will get the exemptions.
Speaking at a press conference in Washington on November 2, US Secretary of State Mike Pompeo said: “We expect to issue some temporary allotments to eight jurisdictions, but only because they have demonstrated significant reductions in their crude oil and cooperation on many other fronts and have made important moves towards getting to zero crude oil importation. These negotiations are still ongoing. Two of the jurisdictions will completely end imports as part of their agreements. The other six will import at greatly reduced levels.”
A couple of hours after the US imposed sanctions on Iran, a top US official (who wished to remain anonymous) explained that Washington might ask the eight countries to export a certain amount of oil from Iran so that the concerned authorities in Tehran could not use the money in sponsoring terrorists. According to the official, the US may also ask those eight nations to gradually reduce the volume of imports. Such a move will discourage OPEC members to increase the price, he claimed.
It is to be noted that the eight countries will not get the exemptions forever. Instead, the US has asked them to reduce the volume of imports from Iran. According to sources close to the Trump administration, the eight countries get an opportunity to become self-dependent!
Foreign policy experts have said that the US had decided to impose two sanctions on India – one for importing crude oil from Iran and another for signing a USD 5.2 billion deal for S-400 missile defence system from Russia. Experts believe that the US may not impose sanctions on India for acquiring the missile defence system from Russia (in near future). Otherwise, the US could have excluded India from the list of exemptions to eight jurisdictions from Iranian sanctions.
Considering the present volatile situation, we can only think of the silver-linings in the gathering of these clouds.
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