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Iran's oil customers in Europe might reduce imports, flag financing issue

15 May 2018

A series of strikes over the last few months - all blamed on Israel - have struck Iranian assets in Syria and killed Iranian forces there.

"European countries must guarantee that despite the US pullout from the JCPOA, the interests of the Iranian nation will be preserved", Mohammad Javad Zarif said, using the official name of the agreement, according to Iran's Mehr news site. True, Trump has decided to withdraw from the Middle East (costs too much money), but he does not want the void to be filled by Vladimir Putin. It is a precept that has been tried out since the beginning of the world, and it almost never fails. That hits Europe most. The U.S. exit, together with its threaten to sanction companies economically involved with Tehran, has sparked outrage in Europe.

Trump declared Tuesday that the United States is pulling out of the 2015 agreement with Iran, regarding that nation's nuclear weapons program.

The president's decision ended what had become a fierce debate within the administration. After 2012, the EU cut Iran oil purchase and Asian countries had to decrease Iranian oil import gradually, which led to a drop in export of Iranian oil and gas condensate to 1.2 mb/d in 2015. Hes talked about it with Prime Minister May, not just Irans nuclear threat now, the threat in the future, the ballistic missile programs, and the instability that Iran is causing around the region, ?

"It's quite possible that surging US shale production could easily fill the gap left by Iran", Eberhart said. For the present, Mr. Trump's decision has strengthened the hardliners.

In an interview with ZDF public television, Altmaier noted the United States had set a 90-day deadline for foreign firms to comply with the return of sanctions and that this period could be used to convince Washington to change course.

Can it be that we got the picture wrong? First, it doesn't think Tehran will race to build a bomb, because the country is interested in eventually basing its nuclear program on more sophisticated centrifuges than it currently has-and which, in time, it would be allowed to develop under the JCPOA's sunset provisions.

Merkel, speaking in the western German city of Muenster on Friday, said Trump's latest blow to trans-Atlantic relations, on top of his withdrawal from the Paris climate accord and trade disputes, made clear that the world's multilateral institutions are "in real crisis".

If a hostile power (let's say Iran, for sake of discussion) appeared to be on the verge of mating nuclear devices with the systems needed to deliver them, Israel might well consider a preventive nuclear attack.

The embassy move is a historic - and potentially explosive - act with plenty of regional ramifications. In their view, a half-million people dead in Iran's client state, Syria, reveals Obama's reluctance to confront Tehran's bad behavior.

There is some chatter in the markets suggesting Kuwait and Iraq as two producers with the best ability to raise output quickly in response to any fall in Iranian exports. They started cutting back SUV production, things like that. Much of the reason for that stems from the Obama administration's deal with Tehran. That is a long time in the 'world of Trump'. Trump is at heart an isolationist.

Call it "buy now, pay later" - a phrase that can apply both literally and figuratively. "It has crucial significance not only for ensuring regional security, but also for stability in the world, and it's extraordinarily important in the regime of nuclear non-proliferation". Insurance companies will be very reluctant to underwrite cargoes and vessels touching Iran after the sanctions are imposed.

Iran's oil customers in Europe might reduce imports, flag financing issue