Iran Press/America: The U.S president Donald Trump on May 8, 2018, announced America's withdrawal from the nuclear deal, and re-imposition of the highest level of sanctions and other economic penalties in the months of August and November respectively.
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In another word, the first round of anti-Iran sanctions came in to force on August 6 and the second round of sanctions including the ones targeting Iran’s oil export and Iran’s oil industry was activated on Monday, November 5, 2018.
Meanwhile, The US has had claimed before that Washington’s aim was to bring Iran’s crude oil exports to zero since November 5, 2018.
However, only a few days ahead of the enactment of the sanctions, the US administration announced that it has granted waivers for Iranian oil imports in 8 countries.
Now after a 5-month-lapse and despite the concerns of the international community about the possible disruption in the oil market, US Secretary of State Mike Pompeo said on Monday that US administration is ending waivers for countries importing Iran oil.
Pompeo also told five countries, including Japan, South Korea, and Turkey, that they will no longer be exempt from US sanctions if they continue importing oil from Iran after May 2 when their waivers are set to expire. The other countries include China and India.
The US, Saudi Arabia, and the United Arab Emirates "have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market," the White House said.
What is the aim behind the US move?
The main reason behind the US anti Iran recent move is complete ban on Iran’s oil import as well as cutting off any transactions of any country with Iran in the field of finance, banking, trade and economy and to make the long story short, the US eyes for the full collapse of Iran’s economy.
As the former American Undersecretary of State for Political Affairs who was also among the Iran nuclear deal negotiators, Wendy Sherman has said the resistance is the main motto of the Iranian nation. She also has described the US sanctions against Iran as the fruitless act.
Turkish Foreign Minister Mevlüt Çavu?o?lu in a message condemned US anti-Iran act to end sanctions waivers on Iran oil imports. “The #US decision to end sanctions waivers on #Iran oil imports will not serve regional peace and stability, yet will harm Iranian people,” Çavu?o?lu wrote in his Twitter account on Monday, reported Iran Press.
The #US decision to end sanctions waivers on #Iran oil imports will not serve regional peace and stability, yet will harm Iranian people. #Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors. @StateDept @SecPompeo
— Mevlüt Çavu?o?lu (@MevlutCavusoglu) April 22, 2019
He added: “Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.”
International Oil market reacts toward the US ban
The full US sanctions on Iran’s crude oil export together with the persisting problem of shortages in the oil supply in the markets have made the oil price soars. The fact which might have immediate result in the US unprecedented increase of the gasoline so that it will lead to the intensified frustration with Trump.
Furthermore, the countries like Turkey and China are still emphasizing their will to continue to import Iran crude oil and it seems that even US sanctions will not stop them.
Can Iran oil exports be reduced to zero?
What matters most is that the US administration under Trump might put limitations on Iran’s oil export, however, it can never bring it down to zero. The US will not be able to convince all of the oil importing countries not to buy oil from the Islamic Republic of Iran.
It is worth mentioning that China and India are considered as the biggest buyers of Iran oil and they depend upon Iran’ sources of energy. They also enjoy expanded ties with the Islamic country.
Moreover, with Iran’s oil missing in the world markets, as it has been mentioned above, there will be a considerable increase in the oil price which in turn it will be intensified due to the US sanctions on Venezuela.
The raising concerns about Oil production in Libya and Algeria have also played an important role in the increase in oil price. However, Pompeo believes that Riyadh has promised to compensate for Iran’s missing oil in the world oil market.
In spite of that, the question still persists: Is Saudi Arabia really capable of doing so?
The US is after the so-called talk with Iran
Despite all the discussions came above, the US State Department’s special representative for Iran, Brian Hook has claimed that the US is ready to reach a new deal with Iran. However, the Iranian officials had earlier stressed that Iran’ nuclear deal known as JCPOA (the Joint Comprehensive Plan of Action) had been reached after 12 years of talk and with the US’ breach of the promise, there will be no new deal at all.
After all, there is a question which should be answered: Can US sanctions on Iran’s oil make the Islamic nation succumb to the US demands?
Four decades of Iran’s resistance show that the answer to this question as Wendy Sherman said is clearly negative.104/203
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