Saturday 13 July 2019

Protecting business with Iran

Since the US began to increase pressure on Iran, we have heard that the Rouhani regime has been passing  3.67% uranium stockpile limit permitted by 2015 nuclear deal. It is a very low level, which proves that Iran is not working on a nuclear weapon.
In this context, while the US is still imposing severe sanctions against Teheran, the Europeans should allow their companies to make business with Iran. Companies that want to import oil from Iran they have to be protected from the US.
According to international law, America can't interfere in the internal Europeans affairs, telling them who they can trade with, and who they cannot trade with. In addition, some calculations show that European economy is larger than US economy, and the European population is larger than US population. Consequently,  the EU has leverage on the Americans.
Meanwhile, after British Royal Marines had seized an Iranian oil tanker near Gibraltar, Iranian boats tried to impede a British oil tanker near the perilous strait of Hormuz.
Although the tension in the region is rising by the day, the US, UK and Iran say they don't want to escalate conflict.


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