Europe Keeps Buying Iran Oil, But Banks May Hinder Trade

Authored by Tsvetana Paraskova via,

In the days following the U.S. withdrawal from the Iran nuclear deal, Iran’s European customers continue to buy Iranian oil and are in no immediate rush to replace volumes, but some refiners and traders have flagged financing issues as having the potential stop to crude trade with Iran.

After the U.S. walked out of the Iran deal, the U.S. will be targeting Iran’s crude oil sales, and sanctions previously lifted under the deal will be re-imposed following a 180-day wind-down period, the U.S. Treasury said.

European buyers are not in an immediate rush to replace Iranian supplies due to that wind-down period, with sanctions expected to kick in in November. All buyers report that they are complying and will comply with any sanctions imposed on Iranian trade, and some of them expect that banking issues will arise from the sanctions, such as the availability of trade finance.

Marta Llorente, a spokeswoman for Spanish oil company Cepsa, one of Iran’s customers in Europe, told Reuters:

“At this moment, our trading activity is business as usual.”

Italy’s Eni also continues to buy Iranian oil and it is buying 2 million barrels of oil per month from Iran under a deal that expires at the end of the year.

“We’re doing nothing,” said the head of trading at another European customer of Iran’s. “It’s wait and see. If we’re forced to reduce, we will. Iranian is not the only crude,” the manager told Reuters.

Sources at trading companies tell Reuters that “It looks like you can still go on for six months,” but traders expect the banks to be the key in determining whether Iran’s customers in Europe can buy oil, and even if the U.S. grants waivers to European buyers, whether they will need to reduce their volumes during the wind-down period.

Outside Europe, one of Iran’s single biggest customers—China—has already reassured Tehran that it would continue to import its crude.

Amidst the still ‘wait-and-see’ mode in Europe—especially when financing crude oil trade is concerned—Iran says that its oil exports will not be disrupted by the re-imposition of sanctions.


Polynik3s CuttingEdge Mon, 05/14/2018 - 12:55 Permalink

The US pulled out of Iran Nuclear Deal because it’s too broke

By Dmitry Orlov

Here’s a perspective on Trump’s decision to pull out of JCPOA, a.k.a. the Iran Nuclear Deal, that definitely doesn’t get enough airtime. It’s all about money. Following the Iranian revolution of 1978-79, Jimmy Carter froze Iran’s assets in the US. Ever since then, the US has been holding on to between $100 and $120 billion in Iranian assets, which have been accruing rent and interest. After the JCPOA, which stipulated the lifting of sanctions on Iran, Washington has been doing its best to drag its feet on releasing these assets, but they would have had to be returned to Iran sooner or later… unless the US pulled out of the deal, which it just did.

It is very important to note that these frozen Iranian assets are US dollar-denominated. And what would be the first thing that the Iranians would do upon regaining control of them? Why, of course, they would convert them out of US dollars. This is a requirement written into Iranian law: no US dollars allowed, and nobody in Iran has the power to change that even if they wanted to. According to the Iranians, US officials have pleaded with the Iranians not to liquidate their dollar-denominated assets, but that the Iranians told them that nobody has the authority to change this law.

A sudden liquidation of this size would have punched an irreparable hole in the dollar system, which hinges on the ability to sell huge quantities of US treasury paper on the international market...…

In reply to by CuttingEdge

BritBob Mon, 05/14/2018 - 05:06 Permalink

Iran and politics - still living in the past.

Iran is a member of the UN C24 decolonisation committee and supports Argentina's mythical Malvinas' claim. So much for the human and democratic rights of the Falkland Islanders and so much for that so-called sovereignty claim.

How would a map of the world look today if all of the territory lost and gained over the past 180 years reverted to its 19th century status? Quite a ridiculous proposal.

Falklands – Acquisitive Prescription(1 pg):


BigJim BritBob Mon, 05/14/2018 - 07:09 Permalink

The Falkland Islanders should have the right to self-determination, but so should the rest of the UK. Has it occurred to you that maybe the latter doesn't wish to be saddled with the cost of a military sufficiently large enough to keep those 3000 islanders and their sheep from being invaded by Argentina?

We should offer them £10,000,000 each to resettle and then sell off all the UK military's non-defensive equipment. I'm sure China would pay top dollar for our carriers.

This would save the UK economy billions and remove the temptation for "our" leaders to "save" countries like Iraq, Afghanistan, Libya, Syria, Yemen etc.

In reply to by BritBob

EuroPox Mon, 05/14/2018 - 05:06 Permalink

China will take whatever Europe can't buy.  Trump know that the sanctions will not be as effective as last time, as Russia and China will not join in. 

So why has Trump gone down this path?  Why have Merkel, Johnson and Macron all visited Trump (and left empty-handed) and why has Obama joined in the criticism?  Is it because Trump's real reason for pulling the deal is to get Iran to say who was paid and blow the lid on the corruption?  Was it the corruption that was Trump's biggest problem with the Iran deal and why he withdrew?

Is this why Kerry has been involved recently?  What does this have to do with Kerry?  He is no longer in office... who is he trying to protect (apart from himself?)…


From Q yesterday - post #1359:
Who recently visited the WH?
What was their purpose?
What about the safety & security of the world?
What about preventing Iran Nuclear capabilities?
Fake News.
Will the EU resort to protecting the deal so the money flow remains in place?
Why is Kerry in the EU?
Will the US be forced to ban and declare certain EU countries off limits?
Who controls elected leaders?
Who do elected leaders report to?
Will Iran expose the names of corrupt officials?
Will the US expose the names of corrupt officials + con deal?

DingleBarryObummer EuroPox Mon, 05/14/2018 - 05:14 Permalink

Why would Iran admit that they cannot be trusted to have an honest transaction?  When Giuliani makes an crazy wacky offhand comment people dismiss it, but one tweet from some Iranian guy they don't know and suddenly that's worth reacting over?

The more obvious reason is that Bibi Netanyahu's Likud needs the Iran boogeyman to stay in power.  With the IAEA doing inspections that was not working out for him.  Now that that deal has been blown up, he can continue his anti-Iran Jingoism, de facto claiming Iran is dangerous.  Netanyahu is a proven liar, and he's not even a good liar. 

Iran is not the enemy of mankind.  Zionism and the usurious central banking system is.  It is truly diabolical, like a plan the Joker from Batman would think up.  They create currency out of thin air with debt attached to it, but never create the currency to cover the debt.  This leaves us all cannibalizing each other, while they give no interest loans to their little buddies.

Edit:  Does Q ever discuss the cancer that is zionism, or the issues with central banking I have discussed above?  If not, I would take him with a HUGE grain of salt.

DJT GS - "I'm not into Goldman Sachs, I don't care about Goldman Sachs.  'They get no interest loans'"

In reply to by EuroPox

EuroPox DingleBarryObummer Mon, 05/14/2018 - 05:47 Permalink

The first issue is whether Q is real or fake.  

Last Easter, Kim met Xi and in post #968 Q asked "Who else was at the meeting..."   A few weeks later we learned that Pompeo had visited Kim - only a high level insider could have known that, not the sort of thing you could guess.

Occam's razor - if Q is pointing us towards the WH visits and corruption, why do we need to create another reason?

I know that Iran is not the enemy.  On May 8, 2006, Mahmoud Ahmadinejab sent a letter directly to George W Bush - the first direct contact since the 1980s.  If only that letter had been sent by Bush instead!


In reply to by DingleBarryObummer

DingleBarryObummer EuroPox Mon, 05/14/2018 - 06:29 Permalink

Can you point to a single example that he is not disinfo?  I don't follow that mess.  From what I understand, he speaks cryptically and people extrapolate what they want from it, which makes it even sillier to me.

I default assume everything projected at me (especially some faceless anonymous text) is a deception until logic and evidence convince me otherwise.  That is the type of world we live in.  You seem to operate in an inverse paradigm,  which I would advise against.

If someone will not name the 2 scourges of the earth: Zionism and the Central Banks (the FED, PBOC, BOE, BIS, IMF, etc) than I am ESPECIALLY suspicious, because those are the entities from which all corruption are rooted.  Those entities Subsidize the corruption.

In reply to by EuroPox

EuroPox DingleBarryObummer Mon, 05/14/2018 - 06:53 Permalink

I just gave you one above!

In post #968 on 28th March Q asked: "Who else was at the meeting..." - that was the meeting where Kim met Xi just before Easter.

In mid-April we heard that a senior US official had travelled to NOK and only 2 weeks ago Trump released the photos of Pompeo meeting Kim.

As I said, there is no way that could have been a lucky guess by Q.

"Inverse paradigm"!!  WTF!!  Try reading rather than just blowing groundless opinions.

And if you think that Zionism and Central banks are the only problems, I assure you that you greatly under-estimate the extent of the problem!  There is real evil in the world.

In reply to by DingleBarryObummer

EuroPox DingleBarryObummer Mon, 05/14/2018 - 07:11 Permalink

You know that there is no proof either way!  All you can do is look at what he says and make your own mind up.  Look, I don't follow Q, I glance through it every few days just to see if there is anything interesting.  I just checked and his latest post is:📁📁
It’s all connected.
Welcome back Huma.
Now comes the pain.

Those are 2 interesting articles!  I am not suggesting that you should believe anything he says but you can use it to help form your own opinions.  I don't see 'disinfo' - he has been very consistent in his targets.

In reply to by DingleBarryObummer

666D Chess EuroPox Mon, 05/14/2018 - 07:13 Permalink

Oh right, so you are calling me low IQ migrant and I'm rude? Ok, right. Well, for starters, I don't live in your stinking country which you can shove up your ass. English is not my first language, by the way. How many languages do you speak? Second, I'm not ignorant, on the contrary I'm a well educated person but more importantly I've got common sense. How exactly can we conciliate this information with all the bullshit that this CIA agent Q pukes on the internet:


Or even better, how can the orange swine be an outsider when his daughter was dating Jacob Rothschild's son:…:

I'm pretty sure that Trump and Hillary laugh at your stupidity at their private parties you stupid inbred. 



In reply to by EuroPox

DingleBarryObummer 666D Chess Mon, 05/14/2018 - 08:02 Permalink

They will justify/rationalize it as hyperbole.  This is a double standard though, because they will judge everything they don't like that the left says at face value.  It's giving Trump and Trump alone a free pass to say anything he wants with no consequences.  It's a cult.

Donald Trump: 'I could shoot somebody [on 5th Ave] and I wouldn’t lose any voters'…

^^ That was actually one of the most truthful statements he's ever made.

In reply to by 666D Chess

666D Chess Mon, 05/14/2018 - 05:11 Permalink

Of course the eurowhores will join the pervert Uncle Sam in this act of war. They are all puppets of the Rothschilds, starting with the orange swine and please trumptards, don't even bother to argue with this:…


And the bonus image, Ivanka and Nathaniel Rothschild when they were dating:…:


I rest my case. 

DingleBarryObummer 666D Chess Mon, 05/14/2018 - 05:34 Permalink

I think Israel might terrorist attack USA and frame Iran.  As we have seen, Donald Trump loves to believe false flags, and he already has a hard-on for Iran, so obviously he will go full retard with it.

TMosley can repeat "there will be no war with Iran" over and over as many times as he wants.  If the scenario I describe occurs, yes, there will be war, at least he will try his damnedest.  I hope the American people will be smart enough to resist this traitorous Zionist war, because it could easily get out of hand, and many innocent people will suffer.


In reply to by 666D Chess

666D Chess No1uNo Mon, 05/14/2018 - 07:18 Permalink

Yet it's shocking the amount of retards on this website posting comments about how "Q" explains that everything is part of "the plan". They sound like prostitutes defending their pimp while he rents them out to get raped by the Wall Street gang. A frozen lobster has more working brain cells than these retards. 

In reply to by No1uNo

Paperoga Mon, 05/14/2018 - 05:27 Permalink

At the end of the day, as usual, sanctions are imposed in order to force Europe to swallow US hydrocarbons, extremely more expensive than Russian or Iranian. With this result: making Europe more dependent on the US politically speaking, making European industry less competitive, damage Russian interests, preventing partnership between Europe, Russia and far east, and last but not least making Israel happy.

All against European interests, but as long as the US has obedient servants in European political élite, this will just get worse and worse.