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Would The U.S. Sanction China For Buying Iranian Oil?
Oilprice.com ^ | 08-17-2018 | Irina

Posted on 08/17/2018 3:00:56 PM PDT by bananaman22

A U.S. State Department official has suggested that Washington could impose sanctions on China if it continues to buy Iranian oil after November 4 when sanctions specifically targeting Iranian oil sales abroad will kick in, the Wall Street Journal reports.

The WSJ quotes newly appointed special representative and head of an Iran Action Group at the State Department as saying that, “The United States certainly hopes for full compliance by all nations in terms of not risking the threat of U.S. secondary sanctions if they continue with those transactions.”

In addition, Brian Hook declined to rule out the possibility that the United States could count China among those targeted by secondary sanctions for its repeatedly stated intention to continue buying Iranian crude despite U.S. sanctions.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy
KEYWORDS: china; iran; oil; us

1 posted on 08/17/2018 3:00:56 PM PDT by bananaman22
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To: bananaman22

We certainly could. Although we could use also use the tariffs as part of the pressure. Just don’t forget the original goals of rebuilding American industry and balancing the trade.


2 posted on 08/17/2018 3:04:42 PM PDT by DannyTN
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To: bananaman22

No. We don’t hold them accountable for hacking, stealing patents, financial manipulation, commie control, etc.


3 posted on 08/17/2018 3:10:19 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: bananaman22

Did America try to do something like that with Japan just prior to Pearl Harbor?


4 posted on 08/17/2018 3:12:24 PM PDT by clearcarbon
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To: bananaman22
We dropped out of the deal. We shouldn't be bullying other countries about Iran, NK, other enemies real and imagined.

President Trump campaigned on seeking good deals that would lead to a more peaceful world, with the US treated fairly in trade. I'm not liking the global war-mongering.

5 posted on 08/17/2018 3:19:18 PM PDT by grania (President Trump, stop believing the Masters of War!)
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To: bananaman22

Yes they can and should per the sanctions, it is a lever that is in place and can and will be used as necessary


6 posted on 08/17/2018 3:38:18 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: clearcarbon

“Did America try to do something like that with Japan just prior to Pearl Harbor?”

Congress authorized the President to restrict exports to Japan, because of their invasion of Manchuria, and the widespread atrocities committed.

Japan was dependent on US oil. President Roosevelt did not actually cut off their oil before Pearl Harbor, but they saw that the oil would be cut off, if they continued with their planned conquests. So they concluded that they would have to seize oil resources to the South, and prevent the US Navy from freeing them, to continue with their conquests in Asia (which they had already internally decided to do.)


7 posted on 08/17/2018 3:43:39 PM PDT by BeauBo
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To: clearcarbon

Actually removing the oil from the US to Japan was one of the final straws that brought on WW2. In the early part of the war before we were brought in fully and they were fighting in China Texas crude flowed to them. Roosevelt turned off the taps and that was designed to end or slow their excursions into other countries, Japan has few natural resources of this type as well as rubber, and metals for weapons. This is also the reason that the Japanese went down into SE Asia to develop alternate supplies in their strategy of increasing their sphere of influence and conquest.

In the last months of the war they had plans in place to protect certain areas and that was a key element of where they would focus the remaining resources they had to protect it. Fuel became a critical one and prohibited much of their naval activities as they had insufficient supply towards the end to be as adventurous as they had been earlier when the supply line was well protected and secure.

At the end they actually had more planes than they had earlier but the trained pilots needed were in short supply and one way rides in a flying bomb (Kamikaze) was deemed more efficient in many ways


8 posted on 08/17/2018 3:46:39 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: clearcarbon

Ever hear of Manchukuo or the Rape of Nanking? Or the Panay incident? Or the Greater East Asia Co-Prosperity Sphere?


9 posted on 08/17/2018 3:47:26 PM PDT by Bookshelf (`)
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To: BeauBo

https://www.history.com/this-day-in-history/united-states-freezes-japanese-assets


10 posted on 08/17/2018 3:49:10 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: bananaman22
We are just looking for an excuse to drop tariffs on another $400 billion of Chinese imports.


11 posted on 08/17/2018 3:51:29 PM PDT by BeauBo
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