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US Official: Iran Relies on Malaysian Providers to Move Oil /
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2024-05-14 06:58:27

US Official: Iran Relies on Malaysian Providers to Move Oil on Nostr: 'Potential risk' of sanctions for any business deals with Iran, warns US on Chabahar ...

'Potential risk' of sanctions for any business deals with Iran, warns US on Chabahar Port pact
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#2c7d6f69 ver:0.13

The US warns of potential sanctions for any business deals with Iran, including India's contract to operate the Chabahar Port. Iran retaliates with sanctions on US companies. Sanctions on Iran's oil exports have mixed results, but the US House of Representatives passes new legislation to expand sanctions. However, these sanctions may not be effective due to Iran-China oil trade networks. Fresh sanctions on Iran and Venezuela could remove significant oil from the market, but the Biden administration is cautious due to concerns about spiking oil prices. The US is currently the largest oil producer but is not expected to see much growth this year. The effectiveness of the sanctions on Iranian oil exports is uncertain....

#newstr #UsiranSanctions #Iran #ChabaharPort #BusinessDeals #Sanctions

https://here.news/story/2c7d6f69?ver=0.13
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