The US has exempted China and Singapore from economic sanctions that went into effect today because the two countries reportedly reduced significantly their imports of Iranian oil.
The decision by Secretary of State Hillary Clinton spares Chinese and Singaporean banks from potentially being cut off from the American financial system. The banks had to process payments for oil imports through the Central Bank of Iran (CBI). As of today, new sanctions against banks dealing with CBI will go into effect, practically cutting them off from the American financial system. However, if a country cuts its imports of Iranian oil by 20 percent, they receive temporary waivers. Seventeen countries already have received those waivers.
Iran's oil exports have declined to less than 1.8 million barrels a day from 2.5 million barrels last year. Oil trading observers expect the exports to continue declining to 1 million bpd by year’s end, a huge loss of hard-currency revenue for the country.
LOL...Almost ALL the countries the US sanctioned have got waivers..Another US escalation to nowhere. Who didn't see this coming? It was a classic US "hold me now or else" stunt that went bad. The targeted countries didn't play ball so Obama had to backtrack. Hence the free issuing of waivers..
This latest move was a face saving exercise...How did the US expect to play this out with the only country that's holding massive US debt?
China dumping just 10% of US debt will cause chaos in US..
Lesson here is, don't crap where you eat...
Anon 6;36 PM
If you call a $90 million a day loss of revenue by the regime which is already happening a "escalation to nowhere" or the lame excuse by the regime that the oil wells are being serviced and hence lose 30 percent production then you must be living in a dream world.
On a different note,the armed forces are not being paid on a regular bases lately and you know what that could mean? LOL!
If you call a $90 million a day loss of revenue by the regime = Lie number one(bullsh*t alert)
On a different note,the armed forces are not being paid on a regular bases lately = Lie number two(bullsh*t alert)
We know you live and breath the downfall of Iran. I can promise you won't live to see this in your lifetime.Iran has always lived the see the fall of all her enemies.
Get a job and do yourself a favour!!!
My cousin is in the army and what you claim about them not being paid on a regular basis is a blatant LIE..When does your desperation stop?
shekast mikhore...Iran dare badbakht mishe :(
Anon 2:46 AM
"Lie number one (bullsh*t allert)"
The loss of $90 million a day is a FACT.Iran will lose the sale of A MILLION barrels a day,a FACT.
"Lie number two (bullsh*t allert)"
No that's a FACT.It's been a Fact that delays in payments to the armed forces have happened.
"We know you live and breath the downfall of Iran."
First of all who is "We"? You speak for yourself not other Iranians.
No,I live and breath the downfall of the filthy anti Iranian theocracy not Iran. Two very different things.
"I can promise you won't live to see this in your lifetime."
It's already happening you mullah lover.
"Iran has always lived the see the downfall of all her enemies."
I agree,and that's why the anti Iranian filthy theocracy will get its just rewards in the very near future.
"Get a job and do yourself a favour!!!"
Never mind what I do.But I know for a fact your duties is as a mullah boy.
"My cousin is in the army and what you claim about them not being paid on a regular basis is a blatant LIE.."
Since when do mullah lovers speak the truth?
"When does your desperation stop?"
This coming from a desperado of the desperate regime.LOL!
---" Iran has always lived the see the fall of all her enemies."---
and Iran shall live to see the fall of the theocracy.
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