Washington and Tel Aviv have reportedly threatened to bomb Iran's oil facilities following Tehran's ballistic missile attack on Israel
Iran’s oil production is running at almost full capacity despite US sanctions, amid Israeli threats to target Tehran’s oil infrastructure in an expanded regional war, Bloomberg reported on 4 October.
The Islamic Republic’s oil output has reached 3.4 million barrels per day, just a few hundred thousand barrels below a previous high of 3.9 million.
After US President Donald Trump withdrew the US from the JCPOA nuclear deal in 2018 and reimposed sanctions on Iran, Tehran’s production dropped as low as two million barrels per day.
Iran now sells much of its oil to China at reduced prices, as Beijing has been willing to ignore US sanctions seeking to block the sales.
“Iran is having success exporting thanks to a willing customer in China, the increased sophistication of illicit transportation channels, and the relatively low interest in the US to take action,” said Henning Gloystein and Greg Brew, analysts at Eurasia Group. “There’s a risk that Israel strikes Iranian oil facilities.”
🔗SOURCE ➡️ The Cradle
9/25 — Why Does The US Still Control Every Penny Of Iraqi Oil Revenues?
7/9 - Iraq to Receive Turkmenistani Gas via Iran-Built Pipeline
5/31 — 🇨🇳 China-Arab Ties Strengthen Amid Multipolarity and Geopolitical Shifts
5/26 — India and Iran’s Chabahar Deal Challenges US-Backed Trade Corridor
5/19 — BRICS Members Determined to Ditch Dollar in Trade Transactions: Iran Diplomat
5/13 — Iran, India Move Forward With Port Deal in Face of US Sanctions
"Expanded trade via the Chabahar port will help India expand trade to both central Asia and Europe.
Business Standard reports that Chabahar is also part of the proposed International North–South Transport Corridor (INSTC)..
4/30 — Iran, UAE Boost Ties as Joint Commission Meets for First Time in 10 Years
"According to Tasnim, the meeting agenda includes discussions on international transit, particularly the International North–South Transport Corridor (INSTC)."
3/29/23 - Iraq Signs Five-Year Natural Gas Deal with Iran
7/26/23 — The End of The PetroDollar, The Rise of BRICS is Here — TheMcgwire / PsyopDaily original
7/19/23 - US Issues New Sanctions Waiver Claiming to ‘Help’ Iraq Pay For Iranian Gas
…only to sanction 14 Iraqi banks the next day.
7/20/23 — US Bans 14 Iraqi Banks in Crackdown on Iran Dollar Trade
These sanctions on Iraqi banks plays into the same dynamic seen, with the US targeting individual banks in Turkey and the UAE with sanctions, after the nations ignored the US’s threats, I highlighted in my March 2022 series....
....The real question is why should the sovereign country of Iraq ... have to beg the US permission to conduct business with its neighbor that is in its own interest?
Somewhere in the answer to that question, is the prime reason for why BRICS is rising.
...7/25/23 — Washington Names Itself ‘Custodian’ of Iraqi Debt Payments to Iran via Oman
And thus, its no wonder the global south is breaking away from US control, when it so often overrides their own interests[and sovereignty]
7/12/23 — Iraq to Trade Crude Oil for Desperately-Needed Iranian Gas
7/5/23 — Iraq Wants to Drop Dollar in Iran Trade to ‘Relieve US Pressure’: Report
”Over the past several months, Iraq has been working to lessen its dependence on the US dollar after Washington implemented several strict measures, including sanctions on Iraqi banks and rationing the dollar supply.."
4/6/23 — CIA Director Tells Saudis the U.S. Was Blindsided By Iran Normalization Brokered by China
2/22/23 — Iraq to Allow Trade With China in Yuan - State Media
March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China — TheMcgwire / PsyopDaily original
Will threats of sanctions on the neutral gulf states and India... be productive, or counter productive to America’s own security and stability?
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