Publicado: Jue, Abril 25, 2019
Global | Por Milagro Delgado

After US Refusal To Extend Waiver, India May Stop Importing Iranian Oil

After US Refusal To Extend Waiver, India May Stop Importing Iranian Oil

"US efforts to boycott Iran's oil won't get them anywhere", Ayatollah Ali Khamenei said.

The Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond, has been at the heart of regional tensions for decades. Rouhani said. "Do you understand the consequences of this statement and that it means you are a definite enemy of the Iranian people?"

India will likely hold talks with the USA government and press the latter for the continuation of importing oil beyond May 2.

Yet the Iranian official was surprisingly conciliatory on the subject of Trump himself, insisting that the USA leader's peaceful instincts were being foiled by an global "plot" involving Israel, Saudi Arabia, the United Arab Emirates and anti-Iran hawks in Washington, DC.

Zarif pointed to Israeli Prime Minister Benjamin Netanyahu, National Security Adviser John Bolton, the crown prince of the United Arab Emirates, Mohamed bin Zayed, and the crown prince of Saudi Arabia, Mohammed bin Salman - dubbing them "the B Team".

"I call them the 'B-team", Zarif quipped several times during his speech.

Earlier Wednesday, Iranian President Hassan Rouhani said the Islamic Republic would be willing to negotiate with the U.S. if it reverses economic sanctions and apologizes for its "illegal" actions.

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Zarif said that he doesn't believe Trump wants a conflict. "And it will cost another $7 trillion".

In a move that is aimed at bringing Iran's oil exports to zero by denying the regime its principal source of revenue, US President Donald Trump has decided not to reissue Significant Reduction Exceptions (SREs) after their expiry in May.

A waiver for India from sanctions on investments in Chabahar has been part of the arrangement between India and the United States since 2012.

"We will continue to find buyers for our oil and we will continue to use the Strait of Hormuz as a safe transit passage for the sale of our oil", Zarif said.

If the United States takes the insane measure of trying to prevent us from doing that, then it should be prepared for the consequences.

As the US announced on Monday that it would be ending sanction waivers for all Iranian oil customers, the Trump Administration said that it "had extensive and productive discussions with Saudi Arabia, the United Arab Emirates, and other major producers to ease this transition and ensure sufficient supply".

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