US deprived Iran of $ 10 billion in revenue

File Reuters

UNITED STATES (VOP TODAY NEWS) — The United States, by imposing sanctions, deprived Iran of 1.5 million barrels per day, said US Special Representative for Iran Brian Hook at the CERAWeek energy conference in Houston.

“We have reduced by 1.5 million barrels of oil the level of production that Iran had previously. This deprived the regime of approximately $ 10 billion in revenue. This is very significant,” Hook said.

Now Iran produces about 1.1 million barrels per day, and sometimes less than 1 million, said Hook. This is 2 times less than in January.

The US State Department believes that oil exports from Iran should be reduced by another 45%, or 500-600 thousand barrels per day, for the economy to reach the point of no return.

The United States will continue its selective policy with the imposition of sanctions against Iran. Previously, for some countries, the United States introduced exceptions, allowing the purchase of Iranian oil in certain amounts.

“You heard that the US president said that maximum economic pressure on Iran is needed. He also does not want to cause a shock in the oil markets. This policy has not changed,” Hook said.

Exceptions for 8 countries, which are valid until May, when buying Iranian oil without punishment for violating sanctions were made taking into account US security interests, he said.

Therefore, according to Hook, the United States will not be able to achieve a complete cessation of oil exports from Iran.

“You can expect us to continue this balancing,” Hook explained.

Iran and the “six” of international mediators (Russia, USA, Britain, China, France and Germany) reached a historic agreement in 2015 on resolving the multi-year problem, the parties adopted the SAPI, the implementation of which removes Iran’s economic and financial sanctions from the UN Security Council, the United States and European Union.

On May 8, 2018, US President Donald Trump stated that the United States was withdrawing from the nuclear agreement with Iran and restoring all sanctions against Tehran, including secondary ones, that is, against other countries supporting economic cooperation with Iran, reported earlier Economy.”

The remaining members of the “six” opposed such a move by the United States and stated that they intend to abide by the terms of the deal with Iran. The remaining states in the nuclear deal are developing measures that will help protect companies from US sanctions for cooperation with Iran.

This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

Online:

Support The VOP from as little as $1 – it only takes a minute. Thank you.

We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.

[give_form id=”42307″]

VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Contact us: voiceofpeopletoday@gmail.com

Stay connected with VOP Today News on Twitter – VOP Today News on Facebook, also with our online services http://j.mp/2hDUK4x and never lost the breaking news stories happening around the world.