,
12 tweets,
4 min read
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THREAD
1)
I remember just a short while ago when #Iran regime apologists/lobbyists were jumping up & down claiming Tehran was exporting large amounts of oil to China.
Knowing their nature, I had a strong feeling they were lying.
Here’s the proof.
bloomberg.com/news/articles/…
1)
I remember just a short while ago when #Iran regime apologists/lobbyists were jumping up & down claiming Tehran was exporting large amounts of oil to China.
Knowing their nature, I had a strong feeling they were lying.
Here’s the proof.
bloomberg.com/news/articles/…
2)
“Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to China where it’s being put into what’s known as ‘bonded storage,’… This oil doesn’t cross local customs or show up in the nation’s import data…”
“Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to China where it’s being put into what’s known as ‘bonded storage,’… This oil doesn’t cross local customs or show up in the nation’s import data…”
3)
“The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it…”
This actually shows how desperate Iran’s mullahs have become. Willing to store oil, hoping to maybe one day sell them at even lower prices.
“The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it…”
This actually shows how desperate Iran’s mullahs have become. Willing to store oil, hoping to maybe one day sell them at even lower prices.
4)
“The bulk of Iranian oil in China’s bonded tanks is still owned by Tehran…” meaning the oil has been placed in Chinese storage tanks, yet no Chinese company is purchasing, knowing it would be in breach of U.S. sanctions.
“The bulk of Iranian oil in China’s bonded tanks is still owned by Tehran…” meaning the oil has been placed in Chinese storage tanks, yet no Chinese company is purchasing, knowing it would be in breach of U.S. sanctions.
5)
“Some of the crude, though, is owned by Chinese entities that may have received it as part of oil-for-investment schemes. For example, a Chinese oil company could have helped fund a production project in Iran under an agreement to be repaid in kind.”
“Some of the crude, though, is owned by Chinese entities that may have received it as part of oil-for-investment schemes. For example, a Chinese oil company could have helped fund a production project in Iran under an agreement to be repaid in kind.”
6)
This proves:
-Iran is actually in debt & is paying China.
-Iran is not receiving any money, especially U.S. dollars, for this oil.
This proves:
-Iran is actually in debt & is paying China.
-Iran is not receiving any money, especially U.S. dollars, for this oil.
7)
“Chinese companies are keeping it in bonded storage to avoid the official scrutiny it would get once it is registered with customs…”
More proof that China is not importing/purchasing Iranian oil & being very careful not to violate U.S. sanctions.
“Chinese companies are keeping it in bonded storage to avoid the official scrutiny it would get once it is registered with customs…”
More proof that China is not importing/purchasing Iranian oil & being very careful not to violate U.S. sanctions.
8)
“The build-up of Iranian oil in Chinese bonded storage has yet to be clearly addressed by Washington.”
To fully impose the “maximum pressure” policy, the U.S. should publicly state this loophole & begin sanctioning any individual/entity aiding Iran’s oil industry in any way.
“The build-up of Iranian oil in Chinese bonded storage has yet to be clearly addressed by Washington.”
To fully impose the “maximum pressure” policy, the U.S. should publicly state this loophole & begin sanctioning any individual/entity aiding Iran’s oil industry in any way.
9)
“Putting crude into bonded tanks in China also means Iran can avoid having to tie up part of its tanker fleet by storing the oil at sea for months at a time. [Iran] used floating storage in 2012-2016 & 2018 as buyers shunned its crude due to U.S.-imposed trade restrictions.”
“Putting crude into bonded tanks in China also means Iran can avoid having to tie up part of its tanker fleet by storing the oil at sea for months at a time. [Iran] used floating storage in 2012-2016 & 2018 as buyers shunned its crude due to U.S.-imposed trade restrictions.”
10)
This further proves Iran’s desperate status, seeking to discharge oil in bonded tanks in order to store its newly extracted oil into its tankers.
Result: Iran is enduring the costs of pumping & shipping oil abroad, without receiving a single dollar.
This further proves Iran’s desperate status, seeking to discharge oil in bonded tanks in order to store its newly extracted oil into its tankers.
Result: Iran is enduring the costs of pumping & shipping oil abroad, without receiving a single dollar.
11)
China is already paying billions in tariffs to the U.S. Oil import from Iran & violating U.S. sanctions would only add to Beijing’s dilemmas.
China is already paying billions in tariffs to the U.S. Oil import from Iran & violating U.S. sanctions would only add to Beijing’s dilemmas.
12)
My conclusion:
U.S. President Donald Trump’s policy of #MaximumPressure is working.
#SanctionsAreWorking
More reason why Iran’s mullahs, feeling utterly desperate to save face, are resorting to drastic & suicidal measures such as seizing foreign oil tankers in int’l waters.
My conclusion:
U.S. President Donald Trump’s policy of #MaximumPressure is working.
#SanctionsAreWorking
More reason why Iran’s mullahs, feeling utterly desperate to save face, are resorting to drastic & suicidal measures such as seizing foreign oil tankers in int’l waters.
