All tagged waivers

China Restarts Purchases of Iranian Oil, Bucking Trump’s Sanctions

◢ On the same day that Iranian foreign minister Javad Zarif traveled to Beijing for talks on "regional and international issues,” the Chinese oil tanker PACIFIC BRAVO began to head east, having loaded approximately 2 million barrels of Iranian oil from the Soroosh and Kharg terminals in the Persian Gulf over the past few days, according to analysis provided by TankerTrackers.com.

Sanctions Pressure Spurs Debate on Iran’s OPEC Membership

◢ Mohammed Barkindo, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), will arrive in Tehran tomorrow to visit an annual oil exhibition. Iran is one of the five founding members of OPEC, which is set to mark its 60 year anniversary. Despite this long history, the extraordinary challenges facing Iran’s oil industry have spurred industry leaders to debate three scenarios regarding Iran’s membership in OPEC. 

As Trump Goes Nuclear On Iranian Oil, Europe Must Match His Brinkmanship

◢ As the US chooses the "nuclear option" on Iran's oil, Europe must find leverage and force the US to walk back on its announced policy of driving down Iranian oil exports to zero. The negative consequences for European economy could prove significant, and the risks of regional escalation are high. There are three measures that the EU can pursue to pressure Trump and prevent a dangerous escalation.