job  job  

Bypass US Sanctions

A leading Arab newspaper underlined that US President Donald Trump’s attempts to bring Iran to its knees by sanctions will fail, adding that Tehran enjoys good experience in bypassing oil embargos.

“The new US sanctions have hidden gaps. The US administration has been forced to exempt certain countries from Iran’s sanctions, specially in oil trade. Iran has a long experience of bypassing sanctions and therefore, it will use this opportunity well to develop its oil trade,” the London-based al-Arabi al-Jadid wrote on Monday.

The daily added that the US administration’s decision to grant eight jurisdictions on special exceptions to continue importing oil from Iran not only indicates the policy’s failure but also shows full annulment of Washington’s decision.

The paper referred to the US allies’ reluctance to accompany Washington in enforcing the new sanctions, noting that the Europeans have even devised a special economic system to continue trade ties with Iran.

The US Treasury Department announced all sanctions on Iran lifted under the 2015 nuclear deal would be back in force on November 5.

But the Trump administration declared on Friday that it will allow eight countries to import limited amounts of Iranian oil even after US sanctions take effect on Monday in a clear move to damp fears about a shortage of supplies.

According to Treasury Secretary Steven Mnuchin, the sweeping sanctions will see 700 people blacklisted, including people who were granted relief under the 2015 deal, as well as over 300 new names.

The Iranian officials have downplayed the effects of new sanctions on the country and its oil exports.

In relevant remarks earlier on Monday, Iranian Foreign Minister Mohammad Javad Zarif underlined that Washington was forced to retreat from its goal of halting Tehran’s oil exports on November 4.

“They were forced to withdraw their claims as they were due to zero our oil sales today and the US made hues and cries about it, but they themselves issued a statement saying (to the oil-consuming countries) that they still have a 6-month chance,” Zarif said, addressing the Iranian parliamentarians in Tehran.

He underscored the strength of the 2015 nuclear deal between Iran and the world powers from which Washington has withdrawn, and said, “They (the Americans) have not been powerful enough to attain what they wanted and they cannot yet weaken the nuclear deal after attempts for a long time.”

“The Americans wanted to zero down Iran’s oil supplies but the US allies stood against it and did not allow this happen,” Zarif said.

Leave a Reply

Your email address will not be published. Required fields are marked *


up to comment