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TEHRAN, October 29 - As the administration of US President Donald Trump is preparing to impose sanctions against Iran’s oil exports within the next few days, indications are already appearing that certain countries are preparing to defy Washington’s pressures to halt purchases of Iranian oil.
TEHRAN, Young Journalists Club (YJC) - Reuters quoted unidentified sources familiar Iran sanctions issues as saying that at least three of Iran’s top oil clients – India, China and Turkey – would resist Washington’s call to end their oil purchase plans from Iran.
The three countries, sources said, maintained that there were not sufficient supplies worldwide to replace Iranian oil volumes.
That pressure, along with worries of a damaging oil price spike, could put the Trump administration’s hard line to the test and could also raise the possibility of bilateral deals to allow some buying to continue, according to the sources.
Iran has already emphasized that the US can never prevent it from selling crude oil to international clients, stressing that no other supplier can substitute the kind of oil it provides to overseas markets.
Iran’s First Vice President Es’haq Jahangiri was quoted by media as saying that the government of President Hassan Rouhani had already devised mechanisms to counter the impacts of returning US sanctions against the country’s oil exports.
Jahangiri emphasized that Iran had serious plans to maintain oil exports above one million
Trump’s administration is preparing to launch the second wave of sanctions against Iran from November 4 in which a universal ban on the country’s oil exports appears to be a primary objective.
US officials have already said the sanctions would be meant to bring down Iran’s oil exports to zero. However, Iranian officials have repeatedly rejected the feasibility of this, stressing that international consumers cannot afford to lose Iranian supplies.
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