China opposes Trump’s ‘economic terrorism’ campaign against Iran, arguing unilateral US sanctions lack legal basis and won’t end the Middle East conflict.
Iran is already at maximum sanctions, and all of its trading partners (especially border states) use local financing/cash completely seperate from all US financial systems or sanctions reach. All national scale/SWIFT access banks already avoid Iran trade involvement.
Targetting ships that “will only in future” help Iran oil flows, can only decrease future oil flows, but only if they don’t need oil in short term and keep doing it, but also just serve Iran oil in the future, and get cut off from all other oil.
Their hare brained scheme is to try and bully countries like Russia, DPRK, and China to stop trading with Iran through secondary sanctions. What they don’t seem to realize is that they’ve already managed to bifurcate the global financial system when they kicked Russia out of SWIFT, and this will just accelerate dedollarization of global trade.
Iran is already at maximum sanctions, and all of its trading partners (especially border states) use local financing/cash completely seperate from all US financial systems or sanctions reach. All national scale/SWIFT access banks already avoid Iran trade involvement.
Targetting ships that “will only in future” help Iran oil flows, can only decrease future oil flows, but only if they don’t need oil in short term and keep doing it, but also just serve Iran oil in the future, and get cut off from all other oil.
Their hare brained scheme is to try and bully countries like Russia, DPRK, and China to stop trading with Iran through secondary sanctions. What they don’t seem to realize is that they’ve already managed to bifurcate the global financial system when they kicked Russia out of SWIFT, and this will just accelerate dedollarization of global trade.