Economy 08-11-2018

US threatens Iranian oil tankers: accidents are posible

USA warns of the "high risk" of buying Iranian crude, given that oil tanker accidents are "a very real possibility".

"From the Suez Canal to the Strait of Malacca and all the intermediate points of congestion, Iranian oil tankers are now a floating inconvenience (...) We sincerely hope there are no accidents, but accidents are a very real possibility due to the history of Iran, " commentedthe special representative of the US Department of State. for Iran, Brian Hook, who remembered the sinking of the Iranian oil Sanchi in the East China Sea last January.

In a press conference held on Wednesday at the headquarters of the US Diplomacy, Hook said that while the major insurance companies withdraw their coverage of Iranian oil tankers, these boats resorted to local insurance companies, "in case of an accident, there simply is no way for these insurance companies to cover the losses. "

The special representative of the US Secretary of State, warned that the countries that admit Iranian oil tankers, not only violate US sanctions against Persian oil, but will be responsible for catastrophic economic and environmental damage that would affect maritime industries for generations. of the countries that admitted these vessels.

He warned on the same day that as part of the US "pressure campaign" against Iran, the companies that cover Iranian oil insurance will be punished under sanctions reimposedby Washington on November 5 against more than 700 individuals and entities, both Iranians as well as other countries.

The list also includes the company Maritime Lines of the Islamic Republic of Iran ( IRISL ) and the National Tank Tanker of Iran ( NITC ), Hook added.

The official finally addressed the issue of temporary exemptionsto 8 countries importing Persian crude, granted by Washington due to the dependence of these nations on Iranian crude, adding that the amount of crude oil that is allowed to acquire these countries from Iran is confidential and these nations receive exemptions only if they substantially reduce their imports of crude oil.

US President Donald Trump announced last May the country's withdrawal from the nuclear pact reached in 2015 between Iran and the 5 + 1 Group - then made up of the United States, the United Kingdom, France, Russia and China , plus Germany - and now it is pressing the whole world to fold the embargo regime to Iran, under penalty of suffering "terrible consequences", and insists on reducing to zero the Iranian oil exports.

Iran, however, intends to thwart US sanctions. and continue to sell its oil, and has found that many countries have already ratified their willingness tocontinue negotiating with Tehran despite US embargoes.

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