Just so people understand what is going on here….
Donald Trump gets up on stage and says he’s being hard on Iran !
Next thing we hear QUIETLY?
The sanctions don’t apply the countries that import the MOST Irainian Oil….
Another example of Trump slight of Hand…
The Trump administration’s tough new sanctions on Iran took effect on Monday but eight major importers of Iranian oil were spared from immediate penalties.
The sanctions target Iran’s energy, financial and shipping sectors and are aimed at crippling the country’s economy following President Donald Trump’s withdrawal from the 2015 nuclear deal. The measures restore all the U.S. sanctions that had been lifted under the accord that gave Iran billions of dollars in sanctions relief in exchange for curbs on its nuclear program…
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Yet as the administration seeks to cut off Iran’s oil revenue completely it is allowing some of its closest allies — Greece, India, Italy, Japan, South Korea, Taiwan, Turkey — and rival China to continue to purchase Iranian oil as long as they work to reduce imports to zero.
Secretary of State Mike Pompeo said the waivers, which expire in six months, were necessary to avoid disruption of world oil markets and to give the eight countries more time to eliminate their imports. During those six months, the importing country can buy Iranian oil but must deposit Iran’s revenue in an escrow account. Iran can spend the money but only on a narrow range of humanitarian items….
Note….
Several European countries have been up front in working against Trump on any sanctions to unhinge the nuclear deal Obama obtained ….
How Europe will counter Trump’s efforts to beatdown Iran….
A special clearing house designed to allow European companies that trade with Iran to bypass newly reimposed US sanctions will be set up in Europe within months, possibly in France or Germany.
The clearing house, known as a special purpose vehicle (SPV), is seen as critical to reassuring Tehran that the EU genuinely wishes to reward Iran for signing the 2015 deal on its nuclear programme by expanding business with the country….
More…