|
2024-11-10 Home Front: Politix
|
|
Trump may restrict Iranian oil but China might not play along, analysts say
|
[IsraelTimes] US president-elect says he believes in enforcing sanctions and then removing them, expected to ease clamps on Russian energy
Former US president Donald Trump
...The tack in the backside of the Democratic Party...
’s return to the White House could mean tougher enforcement of US oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran’s top crude customer, to cooperate, analysts said.
Cracking down on OPEC-member Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan. The abbreviation IRGC is the same idea as Stürmabteilung (or SA). The term Supreme Guide is a the modern version form of either Duce or Führer or maybe both. They hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
would support global oil prices, but the effect could also be offset by other Trump policies, from measures to expand domestic drilling, the imposition of tariffs on China that could depress economic activity, or an easing of relations with Russia that could unfetter its sanctioned crude shipments.
"Trump cuts both ways for oil prices," said Clay Seigle, an independent energy strategist in Houston, adding that tariffs and trade wars would pull down US gross domestic product and oil demand with it.
Iranian crude exports have shot to the highest level in years in 2024 as the country found ways to sidestep punitive sanctions targeting its revenue. Trump re-imposed the sanctions during his first presidency after he unilaterally withdrew the US from a Western nuclear deal with Tehran in 2018.
Trump has said during his campaign that US President Joe The Big Guy Biden
 ...46th president of the U.S. Old, boring, a plagiarist, fond of hair sniffing and grabbing the protruding parts of women, and not whatcha call brilliant ....
’s policy of not rigorously enforcing oil-export sanctions has weakened Washington and emboldened Tehran, allowing it to sell oil, accumulate cash and expand its nuclear pursuits and influence through armed proxies.
Jesse Jones, head of North American upstream at Energy Aspects said a Trump administration return to a maximum-pressure campaign on Iran could lead to a 1-million-barrel-per-day decrease in Iranian crude exports.
"That could be done relatively quickly without additional legislation, just by enforcing sanctions that are already on the books," he said.
ClearView Energy Partners, a research group, has estimated some 500,000 bpd to 900,000 bpd could be taken out of the market.
’MILLION-DOLLAR QUESTION’
But a tougher stance on Iran also means cracking down on China, which does not recognize US sanctions and is the Islamic Theocratic Republic ’s biggest oil customer.
"The million-dollar question is how much significant financial pressure you’re willing to put on Chinese financial institutions," said Richard Nephew, a Columbia University professor and a former US deputy special envoy for Iran.
Nephew said China could retaliate by strengthening work in the BRICS club of emerging economies, consisting of Brazil, Russia, India, China, South Africa and others, including by reducing reliance on the dollar in deals in oil and other goods.
Trump spoke at the New York Economic Club in September about the risks to dollar dominance that sanctions can bring.
"I was a user of sanctions, but I put them on and take them off as quickly as possible, because ultimately it kills your dollar, and it kills everything the dollar represents," Trump said at the time.
"So I use sanctions very powerfully against countries that deserve it, and then I take them off, because, look, you’re losing Iran. You’re losing Russia," he said.
China and Iran have built a trading system that uses mostly Chinese yuan and a network of middlemen, avoiding the dollar and exposure to US regulators, making sanctions enforcement tough.
Seigle said cracking down on Iran could be bullish for oil prices. But the impact could be muted especially if Trump follows through on campaign promises to impose blanket tariffs on US imports to protect domestic manufacturing, including 60 percent levies on anything from China.
"A trade war that pulls down GDP would reduce oil demand and take prices lower," Seigle said.
Ed Hirs, energy fellow at the University of Houston, said Trump was also likely to ease sanctions on Russia’s energy industry, imposed by Western countries as punishment over Russia’s invasion of Ukraine. Trump promised during his campaign to "settle" the war in Ukraine before taking office in January.
"I would expect Trump would relieve all sanctions on Russian oil," Hirs said.
Western sanctions on Russian oil are not intended to halt flows, but only to limit Russia’s revenue from exports to $60 a barrel for those sales using Western maritime services. The sanctions have shifted the market for Russian oil off Europa
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
to China and India, adding costs for Russia. 
|
Posted by trailing wife 2024-11-10 00:00||
||
Front Page|| [11135 views ]
Top
File under: Govt of Iran
|
|
Posted by Procopius2k 2024-11-10 07:10||
2024-11-10 07:10||
Front Page
Top
|
|
Posted by MikeKozlowski 2024-11-10 08:30||
2024-11-10 08:30||
Front Page
Top
|
|
Posted by ed in texas 2024-11-10 10:47||
2024-11-10 10:47||
Front Page
Top
|
|
13:56 Super Hose
13:54 trailing wife
13:51 Super Hose
13:44 Elmerert Hupens2660
13:22 Difar Dave
13:20 alanc
13:19 swksvolFF
13:17 Difar Dave
13:00 NN2N1
12:59 alanc
12:51 swksvolFF
12:46 Skidmark
12:46 MikeKozlowski
12:44 swksvolFF
12:40 swksvolFF
12:38 swksvolFF
12:38 MikeKozlowski
12:36 MikeKozlowski
12:26 Skidmark
12:10 Skidmark
12:08 Skidmark
12:06 Abu Uluque
12:04 Anguper Hupomosing9418
12:04 trailing wife
|
