1d ago

Trump says any country that buys oil from Iran will not be allowed to do business with U.S.

www.cnbc.com

Trump says any country that buys oil from Iran will not be allowed to do any business with U.S.

Trump’s comments are clearly directed at China, which is importing more than 1 million barrels per day from Iran, said Scott Modell, CEO of consulting firm Rapidan Energy. Modell said U.S. sanctions are unlikely to have an impact on Iranian oil flowing to China unless the White House targets Beijing’s state-owned enterprises and infrastructure.

News @lemmy.world

return2ozma @lemmy.world

1d ago

Trump says any country that buys oil from Iran will not be allowed to do any business with U.S.

www.cnbc.com /2025/05/01/trump-iran-oil-sanctions.html

Conservative @lemm.ee

SatansMaggotyCumFart @lemmy.world

1d ago

Trump says any country that buys oil from Iran will not be allowed to do any business with U.S.

www.cnbc.com /2025/05/01/trump-iran-oil-sanctions.html

13 comments

So clearly he's not getting his head around the idea that China is willing to cut us off if we start making demands.
Either that, or he's trying to gain leverage for the tariff talks, and only has the one idea.

How do I buy Iranian oil? Asking for a friend
- Actually, having like a 10ml can of iranian crude oil as a conversation piece would be fun.especially if it comes in a mini barrell that just says 'Iranian Oil' on it, maybe with an added 'Warning: May cause sanctions if used incorrectly' label
  
  I would buy but I like green energy too much

The countries:

I imagine that the Iranians aren’t telling the US who they sell to and the buyers aren’t either.

The world has decided they’d rather cut ties with the US market than bend to their will with insane trade wars. I don’t know how he’s not getting that but he isn’t.
- Rather than bend to Trump's will, yes. The US can wield significant influence globally when its power is exerted skillfully, but everyone knows Trump's decision-making is capricious and inconsistent, so they treat him as an unreliable partner. They know whatever agreement they come to with him could be thrown away the next day, so they just aren't going to negotiate anymore
  
  See that’s why I kind of love this. I don’t live in the US and the US hegemony that has been destroying the world for generations is crumbling under the stupidity of their new champion.