Who On Earth Would Sell Crude With Iranian Oil Sanctioned?

The question of this article is facetious. Maybe some will find it amusing.

In my article, Trump Signals Drawdown Of The Strategic Petroleum Reservedated August 21, 2018, I mentioned several options President Trump had to manage the impact of the sanctions on Iran: get Saudi Arabia and friends to maximize their production, grant waivers to reduce the impact of the sanctions, and draw down the Strategic Petroleum Reserve. Recently, Saudi energy minister Khalid Al-Falih declared OPEC+ is in “produce as much as you can mode.”

On Monday, waivers were granted to eight countries importing Iranian oil. President Trump remarked, “I could get the Iran oil down to zero immediately, but it would cause a shock to the market. I don’t want to lift oil prices. And if you notice, oil prices are going down very substantially, despite the fact that already half of their capacity is gone”…

 

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