US warned foreign countries to do business with Iran will be blocked from country’s banking system

The United States plans to go an extra length for countries like Iraq and India to discover a substitute for Iranian oil, said the White House.

Yesterday, White House declares that it restated its warning to the purchaser of Iranian oil to bring it down at zero by 4th November 2018 or face pending sanctions from the United States.

At a White House conference, US National Security Advisor John Bolton reported that “I’ve had conversations (with Indian officials on the purchase of Iranian oil). Others in the administration have had conversations with senior Indian officials.”

Last month, Mr. Bolton met India’s National Security Advisor Ajit K Doval in Washington, week after two-plus-two dialogue in New Delhi, reports Trump Administration has made their view clear to Indians over importing of Iran oil.

Mr. Bolton stated that “One of the things I think that’s important, whether it’s for Iraq or India or anyone else — particularly that’s been a purchaser of Iranian oil – we’ve gone to really extra lengths to try and find substitute sellers of oil so that there would be alternative supplies at market rates.”

He also responded “that will help. This is something obviously the Obama administration wasn’t doing at all. And I think this will help toward our effort of persuading companies and governments, particularly in Asia, that there are alternatives to Iran that they can pursue.”

As per the concept of Mr. Bolton, the second wave of sanction comes back to Iran on November 4, aims of Trump administration is offering maximum pressure on Tehran government.

“It’s our objective that there be no waivers from the sanctions, that exports of Iranian oil and gas drop to zero,” he added.

Mr. Bolton also stated in an implicit acknowledgment that countries like India may not be capable to bring down their oil importing rate to zero from Iran and continued, “I’m not saying we’re necessarily going to achieve that, but nobody should be operating under any illusions, what the objective is. You can look at the possibility of reductions leading to zero. It doesn’t have to happen immediately, perhaps.”

“But ‘this is not the Obama administration,’ would be my message not just to Iraq but to everybody else. And the frequency and the ease of getting waivers and exemptions is not going to be our policy,” he further warned to the International Community with a message and asked to consider the warnings of America seriously.

US National Secretary Advisor Bolton expressed, “I might say, also, that we’re not going to stop with the resumption of the sanctions that existed pre-2015. We’re looking at others that we can impose as well.”

 

by Chandrani Sarkar on October 5, 2018

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