China bought more than 90% of Iran’s oil, exporting of which falls under tough penalties.
US President Donald Trump unexpectedly announced the revenue permission to buy Iran’s oil, which is primarily granted by the penalties of shadow fleet tanks. This was reported by Bloomberg the day before, June 24.
Trump’s statements, who were shocked even for energy entrepreneurs and his administration officials, caused a further decrease in oil prices, which fell after the conflict de -scalation between Iran and Israel.
“China can now continue to buy oil from Iran,” the US president wrote on his social social network.
This message has been published along with other calls for Israel and Iran to stop hostile actions. After nearly ten days of bombing, which in the end joined the United States with blows in Iran’s nuclear facilities, both countries announced the hate cessation. Trump explained that this way he sought to avoid a truce to break.
China bought more than 90% of Iran’s oil, which falls under strict penalties. These restrictions of the United States were introduced in 2018 – from the moment of removal of a nuclear transaction. The Biden administration has maintained sanctions, though Iran is partially -forpassing them.
According to Bloomberg interlocutors, representatives of the Ministry of Finance and State Department of the United States, such Trump’s words are a surprise, and their consequences are difficult to explain. However, one of the interlocutors said the Ministry of Finance will continue to strictly observe the current restrictions.
The White House spokesman told The Wall Street Journal that in the post that Trump simply indicated that the ceasefire prevented the disruptions of the delivery by the Ormuz Strait. According to him, the President also called China to buy American oil instead of Iranian.
Meanwhile, oil prices continue to collapse after Trump’s statement. Thus, if Brent on Monday exchanged $ 81.4 per barrel, then on Wednesday it dropped its cost to $ 67.7, while WTI was $ 64.9.
Earlier it was reported that Iran was trying to distribute risks and get the maximum amount of oil until logistics control was gone.
China has increased the import of oil “Reserve” – Media
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.