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U.S. Intensifies Pressure Against Iran, Targets Oil Tanker Network — Irina Slav

Summary:
So much for freedom of navigation. "Control of the seas" is more appropriate. The new sanctions, targeting an oil tanker network involving 11 vessels, 16 entities, and 10 individuals, according to Xinhua, aim to further squeeze Iran’s international oil shipments. The new penalties come days after Tehran said it will not return to the negotiating table unless it was allowed to export crude. As French President Emmanuel Macron leads an effort to relieve the pressure on Iran, the signal from the U.S. could not be clearer and both Hook and President Trump have said as much. "We can't make it any more clear that we are committed to this campaign of maximum pressure and we are not looking to grant any exceptions or waivers," Hook told media in response to questions regarding the planned

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So much for freedom of navigation. "Control of the seas" is more appropriate.
The new sanctions, targeting an oil tanker network involving 11 vessels, 16 entities, and 10 individuals, according to Xinhua, aim to further squeeze Iran’s international oil shipments. The new penalties come days after Tehran said it will not return to the negotiating table unless it was allowed to export crude.
As French President Emmanuel Macron leads an effort to relieve the pressure on Iran, the signal from the U.S. could not be clearer and both Hook and President Trump have said as much.
"We can't make it any more clear that we are committed to this campaign of maximum pressure and we are not looking to grant any exceptions or waivers," Hook told media in response to questions regarding the planned US$15-billion credit line France was ready to offer Iran in exchange for oil shipments.…
Russia, China and India need to make some decisions.

Oilprice
U.S. Intensifies Pressure Against Iran, Targets Oil Tanker Network

Irina Slav

See also


TASS
Russian envoy calls for resolving Iran nuclear deal issue 'on the basis of French ideas'

Putin says special organization may be created to address problems in Strait of Hormuz


See also

Not just Iran.

Turkey hosts 3.5 million refugees from war-torn neighbour Syria and has warned it may open its gates to Europe unless a safe zone is established in Syria
Middle East Eye
Erdogan threatens Europe with Syrian refugees

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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