Powered by WebAds

Thursday, August 12, 2010

Will the US enforce its own sanctions?

Turkey has stepped up its gasoline supplies to Iran to make up for a cutoff imposed by other countries who are abiding by US sanctions.
Tupras, Turkey's sole oil refiner and gasoline exporter, expressed little fear of retribution from US Treasury officials who have the power to ban sanctions violators from accessing the US banking system or receiving US contracts.

"For us, Iran is more important than America because we get crude oil from them. We don't get anything from America," a Tupras official was quoted as saying.

Turkey importance as a gasoline supplier to Iran has increased over the past month as US sanctions have deterred other foreign suppliers.

Iran’s gasoline imports fell 50 percent last month as sanctions spurred traders to halt supplies, according to Energy Market Consultants Ltd.

Iran received about 60,000 barrels a day in July, compared with 120,000 in May, according to Vijay Mukherji, a London-based research associate at EMC. The consultant revised its earlier estimate of 65,000 to 70,000 barrels a day.

“International trading companies have pulled back,” Mukherji said. “The US, Europe and the UN are aiming to cut Iran off. They just don’t want them to get any oil-product supplies.”
Will the US stand by its own sanctions by preventing Tupras from using the US banking system and receiving US contracts? I'd love to see someone in Congress publicly pressure the Obama administration on this. If they're not going to enforce it, it's a farce.


At 7:43 PM, Blogger NormanF said...

It remains to be seen how vigorously the sanctions will be enforced. My guess is not enough to get the mullahs and the Iranian regime to change course - as long as they can find friends who help them offset the brunt of any serious sanctions. I don't think its going to be the "magic bullet" the stops Iran from going nuclear in the future.

At 8:52 PM, Anonymous Anonymous said...

Of course it is a farce. The US government still sends aid to fatah, yet islamic jihad is on our list of terror organizations, how do you explain that? We are living in a perverted time, right is wrong bad is good, it is like a world plunged into insanity.


Post a Comment

<< Home