US considers global push to block Iranian oil shipments ...Iraq

News by : (SHAFAQ NEWS) -

The US president, Donald Trump, has pledged to reinstate his"maximum pressure" campaign to isolate Iran from the global economyand reduce its oil exports to zero in a bid to prevent it from developingnuclear weapons, according to a report by Reuters.

These efforts align closely with limited measures taken byformer President Joe Biden’s administration, during which Iran managed toincrease its oil exports through complex smuggling networks, the report added.

The sources said such actions could delay crude deliveriesto refineries and damage the reputations of those facilitating the trade,potentially exposing them to sanctions. "You don’t have to sink ships orarrest people to have that chilling effect that this is just not worth therisk. The delay in delivery ... instills uncertainty in that illicit tradenetwork,” a source told Reuters.

Another source noted that the mechanism could allow foreigngovernments, at Washington's request, to target Iranian oil shipments,effectively delaying deliveries and disrupting the supply chains Tehran relieson for revenue. However, two sources added that the National Security Council,which shapes White House policy, is currently reviewing the feasibility of suchat-sea inspections.

Read More Details
Finally We wish PressBee provided you with enough information of ( US considers global push to block Iranian oil shipments )

Also on site :

Most Viewed News
جديد الاخبار