The United States will resume sanctions against Iran or Irans crude oil exports to China.

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 The United States will resume sanctions against Iran or Irans crude oil exports to China.


As Trump announced Trumps withdrawal from the Iran agreement, some Asian refiners are looking for alternative oil exporters in Iran to prepare for the United States governments sanctions against Iraq, as Trump announced that the United States was withdrawing from the Iran agreement. China is now the largest buyer of Irans crude oil. According to the Deutsche Radio Website May 9th, the United States plans to unilaterally sanction Iran after withdrawing from the Iran nuclear agreement. Iran is the third largest oil exporter of the organization of Petroleum Exporting Countries (OPEC). Hohmann, head of northeast Africa regional research in MITSUBISHI Tokyo daily bank, said the new sanctions may also include Irans oil and shipping sectors. The companies in these areas have 180 days to adjust the strategy: the United States announced the highest level of sanctions for Iran, and added that any country that provides assistance to Iran to develop nuclear weapons will also be sanctioned by the United States. Trumps move is clearly a clear indication that he is unwilling to find alternative alternatives on the Iranian nuclear issue. During the last round of sanctions, Irans oil supply dropped to about 1 million barrels per day, but after the lifting of the sanctions in January 2016, Tehran became the main oil exporter. Iran has also tightened its production and export of oil. In March 2018, the output was about 3 million 800 thousand barrels per day, accounting for about 4% of the global supply. In the first quarter of this year, its crude oil exports averaged over 2 million barrels per day. Analysts predict that the oil supply in Iran will drop to 1 million barrels / day after the US sanctions are imposed again. Jayakar, director of an energy consultancy, said: oil exports from Iran to Asia and Europe will definitely decrease in the second half of this year. Next year, Washington will start sanctions, and some countries will seek other oil exporting countries in order to avoid provoking the US. Most allies in the United States have advised Trump not to make a decision to withdraw from the Iran nuclear agreement, the report said. Peter Kiernan, chief energy analyst at the Economist magazine, said: President Trump has decided to withdraw from the Iran nuclear agreement. To the outside world, the United States official Iran policy is obviously different from its European allies. The joint comprehensive action plan (JCPOA) is the best way to prevent Iran from developing nuclear weapons. The governments of France, Germany and Britain all said they would continue to maintain this agreement 8 days ago. The Asian region also holds a similar view. Hohmann said: Russia, China, Turkey and India may all oppose sanctions and maintain their current purchases of Iran crude oil. Japanese Foreign Minister Kawano Taro said 9 days that Japan supports the Iran nuclear agreement, which is conducive to stability in the Middle East. Japan will carefully analyze the impact of Trumps decision. According to Reuterss ship tracking data, the largest buyer of Iran crude oil is China, and Chinas import volume reached about 900 thousand barrels per day in the mid 2016, but it has dropped to about 600 thousand barrels per day by 2018. In addition, refiners in India want to continue importing Iran oil. During the last round of sanctions, India enjoyed an exemption and could continue to import a limited amount of Iran oil, but there were certain financial constraints, including the India rupee, and not the US dollar to Iran. The report said that in order to ease market concerns, Saudi Arabia said on the 9 day it will cooperate with other producers to reduce the impact of oil or supply shortages. This article source: Reference News Net editor: Han Jiapeng _NN9841