The sanctions are close

The administration of President Trump intends to restore all sanctions against Iran, canceled in 2015. According to the statement made by representatives of the White House, the restrictions will become the most stringent in the history of the relations of the two countries, they will affect the shipping, energy and the banking sector. It is interesting that despite the seriousness of the station threats, US President Donald Trump demonstrates a sense of humor, commenting on the situation. He posted on his twitter a photo resembling a frame from the series “Game of Thrones”.

“The sanctions are close. November 5, ”wrote the American president.

Recall that the agreement between Iran and the United States was signed three years ago during the presidency of Barack Obama. It provided for the restriction of the nuclear activity of the Islamic Republic, America, in turn, was supposed to weaken sanctions. The agreement was also signed by Great Britain, Germany, Russia, France and China. The new US sanctions will not affect these countries, they can continue to import Iranian oil. The agreement itself was terminated in May 2018 at the initiative of the American side, Donald Trump said then that the document was damaged by the interests of the United States.

The Ministry of Foreign Affairs of Iran said that they were not concerned about the next tightening of US sanctions. Foreign Minister Iran Mohammad Javad Zarif held on Friday a telephone conversation with the head of the EU diplomacy Frederica Moherini and the chapters of the German Foreign Ministry, Denmark and Sweden. The parties discussed the US decision to impose new sanctions against Iran, MEHR reports. The interlocutors emphasized the commitment to a joint comprehensive plan of action and the desire to maintain effective financial channels with Iran, as well as continue the export of Iranian oil and gas.

Recall that the sanctions will come into force on November 5, they will affect more than 700 enterprises and individuals. According to US Secretary of State Mike Pompeo, new restrictions should persuade Iran to fulfill 12 requirements, including the refusal to support terrorism and military intervention in Syria, as well as a complete cessation of work to create missile and nuclear weapons. US Finance Minister Stephen Mnuchin, in turn, said that the sanctions will be “decisively, but taking into account the interests of the union powers and the need to maintain stability in oil markets,” writes BBC .

The Russian Foreign Ministry said that a new wave of US sanctions against Iran was aimed at undermining the efforts of participants in a joint comprehensive action plan for the Iranian nuclear program. The actions of the American side, noted in the department, inflicted another powerful blow under the agreement on non -proliferation of nuclear weapons.

“We reject any unilateral sanctions bypassing the UN Security Council, especially when they have extraterritorial application and affect the interests of third countries, as in the case of US restrictions against Iran,” the statement published on the Foreign Ministry .

It is interesting that despite the sanctions against Iran, analysts do not change their forecasts for oil price for 2018, waiting for the average cost of $ 73 per barrel.

“Exports from Iran are already decreasing which for a month in a row-in April it was an average of 2.5 million barrels per day, now somewhere around 1.5 million barrels per day. The market has long been laid in the price of oil sanctions against Iran. I do not think that the world will wake up on the 5th, and we will see some kind of sharp jump in prices. In anticipation of these sanctions, in this paradigm the market has been living for six months and is ready for them, ”an analyst from Sberbank Cib Mikhail Sheibe commented on Interfax .

Moreover, some analysts believe that American sanctions against Iran bring the greatest benefits to Russia. This was written by the Forbes observer Peter Folkmar, indicating that OPEC needs large oil producers that help Saudi Arabia to introduce quotas for oil production. Weakening Iran, American restrictive measures make it possible for Russia to balance oil markets.

“Now, when Iran has been pushed to the side of the road, Er-Riyad will not be able to convince smaller manufacturers alone to reduce production, and the shooting OPEC will not be able to subordinate the world oil market to his will. Unless Saudi Arabia will be able to achieve assistance from another major manufacturer - Russia or Iran, ”writes Forbes.