Tag Archives: Sanctions

The U.S. wants to cut Iran’s oil export.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.

The renewed US sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program.

China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .

The latest threat from President Trump is to slap tariffs on US$200 million worth of Chinese goods.

US President Donald Trump has mounted pressure on Iran.

The market seems to be inadequately prepared for a rapid loss of exports.

Iraq is the second-largest importer of Iranian non-hydrocarbon products.

In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.

Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion.