China still to keep Iran oil flowing amid U.S. sanctions

[franco + 96]

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.The shift demonstrates that China, Iran’s biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran’s nuclear program. The United States is trying to halt Iranian oil exports to force the country to negotiate a new nuclear agreement and to curb its influence in the Middle East. China has said it is opposed to any unilateral sanctions and has defended its commercial ties with Iran.

[Pavel + 384]

These two biggest regimes are working together trying to undercut US sanctions. No different between period from North Korea sanction...

[rainman + 263]

White House national security adviser John Bolton said China, Iran and North Korea meddling in the midterm elections are "a sufficient national security concern". Maybe Congress should have funded election security.

[damirUSBiH + 327]

Oh, so this is a significant concern but where is Russia on the list? Axis of evil....

[ThunderBlade + 231]

So, if all these countries are using technology to interfere with our elections why don't we go back to paper ballots until security is better:)

[Petar + 76]

India and South Korea are among Iran’s top oil customers. But China repeatedly has said it has no plans to comply with a wave of U.S. sanctions that are due to be reimposed on Iran’s energy sector on Nov. 4. Some oil analysts expect China to increase Iranian imports instead, potentially undermining U.S. efforts to isolate Iran.

[50 shades of black + 254]

Let's wait and see how that works out. It doesn't smell good.... 

[jpZelabal + 63]

What could be result?

"Market observers, including Giovanni Staunovo, a commodities analyst at UBS Wealth Management, have speculated that Europe, Japan and South Korea will cut Iranian imports, while India has indicated it intends to halve its imports. Turkey and China are wild cards, but even if they hold steady, the impact of lost Iran oil on the market would amount to 1 million to 1.5 million barrels a day, as expected, he said."

[franco + 96]

China's Oil
- top crude suppliers, 2017

Russia: 14%
Saudi Arabia: 12%
Angola: 12%
Iraq: 9%
Iran: 7%
Oman: 7%
Brazil: 5%
Venezuela: 5%
Kuwait: 4%
UAE: 2%
Others: 21%

Imports average of 8.47 million barrels/day

rounded, figures may not equal 100%

[damirUSBiH + 327]

Threat of US sanctions pushes France’s Total( French oil giant ) out of Iran.

https://www.ft.com/content/6baba178-a459-11e8-926a-7342fe5e173f

 

[Mike Marcellus + 157]

4 hours ago, ThunderBlade said:

So, if all these countries are using technology to interfere with our elections why don't we go back to paper ballots until security is better:)

....and station a United States Marine by each ballot box.  Mess with that box ,,, c'mon, just once, see what happens