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Iranian sanctions and potential impact on oil market

General discussions of the systemic, societal and civilisational effects of depletion.

Iranian sanctions and potential impact on oil market

Unread postby Graeme » Sat 27 Apr 2013, 18:15:12

Iranian sanctions and potential impact on oil market

With an expected drop in demand for oil this year and increase in non-OPEC supplies, the oil market is waiting anxiously to see how US-led Western sanctions against Iran will unfold after they complete full year in effect.

Since they came into force in the summer of last year, there was a trend of fluctuation between one month and another in the volume of Iranian exports, though the general trend seems to be going downward.

For instance, last March Iranian exports plunged by almost one quarter from the level achieved in the previous month, or February, when an estimated 810,000 barrels per day were believed to have been loaded for export against 1.1 million bpd in the month before.


Despite the resolve of the US and its European allies to continue with their sanctions program, the main consumers led by China and many other Asian importers were exempted or found ways as Japan did by providing its own insurance.


The other tactic used is to use barter as an economic arrangement to buy for itself some of its needs against some crude cargo.

Ironically one of the biggest developing markets for Iranian barter deals is Iraq who a decade ago was invaded by the Bush administration with the hope of turning it into a base for change in the region.


So it seems the near and short term outlook for the oil market will be governed by regular adjustments by key players led by the Kingdom hoping to strike some kind of a balance in the mean time.


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US Sanctions Five Iranian Entities, Signals More Measures

Unread postby AdamB » Fri 05 Jan 2018, 20:09:41

The U.S sanctioned five Iranian entities for their work on the nation’s ballistic missile program and signaled that more punitive measures lay ahead in response to the Islamic Republic’s suppression of anti-government protests. The entities, none of which are publicly traded, are being designated for being owned or controlled by Iran’s Shahid Bakeri Industrial Group, the Treasury Department said in a statement released Thursday. “The United States will continue to decisively counter the Iranian regime’s malign activity, including additional sanctions targeting human rights abuses,” Treasury Secretary Steven Mnuchin said in the statement. The Trump administration plans to ask the UN Human Rights Council to convene an emergency session on protests in Iran in which the U.S. believes at least 21 people have been killed and more than 1,000 arrested, U.S. officials have said. Thousands of Iranians have taken part in unrest across the country


US Sanctions Five Iranian Entities, Signals More Measures
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Iran Sanctions Will Help China’s Petro-Yuan

Unread postby AdamB » Wed 10 Jan 2018, 19:54:42

In a few days, U.S. President Trump may try to re-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the move could contribute to a much broader global economic power shift from the U.S. to China. The connection between the issues may not be obvious at first glance, but by seeking to isolate Iran from the international market, Iran could look elsewhere. Because the global oil trade is conducted in greenbacks, the U.S Treasury was able to restrict Iran’s ability to access the global financial system in the past. That made it extremely difficult for Iran to sell its oil prior to the thaw in relations in 2015, which kept millions of barrels of daily oil production on the sidelines. This time around, however, the U.S. will likely go it alone. The Trump administration


Iran Sanctions Will Help China’s Petro-Yuan
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