India hopes US will extend waiver of sanctions imposed on Iranian oil
India hopes US will extend waiver of sanctions imposed on Iranian oil
'Israel to Face Tough Response If Threatens Iranian Tankers'
15 March, 2019, 19:30
Amir Hatami was quoted as saying by the state news agency IRNA that Tehran had the military capabilities to confront any Israeli intervention, and said the worldwide community would also not accept such action.
It is likely that that decision will depend on the price of oil when the USA needs to decide about exemptions, because, despite the pledge for "zero" Iranian exports, the Administration will not be willing to drive oil prices up too high.
Brian Hook, the State Department's special representative on Iran, said in remarks at the CERAWeek energy conference that due to a global oil surplus - in part due to record USA production - the United States is accelerating its plan of bringing Iranian crude exports to zero.
Iran's defense minister warned Wednesday that the Islamic Republic would give a "crushing response" if Israel followed through on a threat by Prime Minister Benjamin Netanyahu to stymie Iranian oil shipments.
'We decided, to showcase a part of Iranian defensive and technological advances on the 40th anniversary of Iran's Islamic Revolution in order to confront the shop-worn strategy of enemies, ' Brigadier General Amir Hatami said at a meeting with senior directors of Iran's Defense Ministry. They intervened on Friday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden.
Greece and Italy were not buying any Iranian oil, Iran's oil minister, Bijan Zanganeh, was quoted as saying in February.
Washington may also deny waivers to some countries that have not bought Iranian crude recently, the sources said.
Iranian tanker Sanchi sank off China in 2018 after colliding with another vessel while five of the eight tankers Iran bought via the Greek network under previous sanctions have since been scrapped, adding to the need for more ships to fill the gaps.
Brian Hook, the State Department's special representative on Iran, on March 13 reiterated the USA policy, telling an industry conference in Houston that Washington was committed to bringing Iranian crude exports to zero.
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He said Israel's navy will have a more important role in blocking Iran's effort to bypass U.S. sanctions on its oil sales.
"We are working on it", the official said. Most Europeans, as well as Japan and South Korea, have stopped.
Both sources said they were briefed by the Trump administration on the matter but were not authorized to speak publicly about it and asked for anonymity.
Still, Hook said the decision on waivers will be made by President Trump, who is closely watching oil prices.
Vietnamese officials did not respond to requests for comment.
He said these tankers can no longer be insured by worldwide companies and are likely to be insured by Iranian firms.
"Banks will not engage when you mention the Iran word".
Iran has more than 50 tankers, but this month, for example, it's using 12 of those to store oil in floating storage at sea, according to MarineTraffic data cited by Reuters.
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