so this is breaking:
“Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions,” Trump said in a post on his social media platform Truth Social. “They will not be allowed to do business with the United States of America in any way, shape, or form.”
China, India, and Turkey are the biggest customers for Iran Oil. is this baked into the India ‘Deal’?
China buys Iranian oil. They have already drastically cut trade with us. I’m sure this was meant to hurt Iran, but there will be spill-over to China. Now I wonder if they will stop buying our debt, or even sell more of what they currently have?
Ha! Give a a day or two for someone to tell him just how many buy that oil before he blinks again.
So Iran is getting nuclear weapons. Studmuffin failed.
PM Modi reportedly already agreed to increase purchases of US oil and gas. The US doesn’t have much leverage over China, unless the USN starts stopping Chinese tankers on the high seas, and confiscating their cargo. The other way to prevent China from lifting Iranian oil would be to bomb Kharg Island into rubble, and take 1.5Mbpd off the market at the source.
Steve
If we USians stop buying their stuff, they would not have dollars to buy Treasuries with. Problem solved.
Steve