Trump urges China to buy US oil economy

The US President said Donald Trump China can continue to buy Iranian oil, calling on it to buy large quantities of American oil.

“China can now continue to buy oil from Iran. We hope that you will buy large quantities from the United States as well,” Trump wrote in a post on the Truth Social platform on Tuesday.

Reuters quoted a senior official in White House His saying that Trump was intended to have no attempts by Iran until now to close Hormuz Strait In front of the oil tankers, as its closure would have caused severe consequences for China the largest importer of Iranian oil in the world.

“The president continues to invite China and all countries to import our wonderful oil instead of importing Iranian oil in violation of US sanctions,” the official added.

After announcing the ceasefire, Trump’s comments were about China Another decrease in oil prices, which was about 6% yesterday, Tuesday.

It will represent any mitigation of the sanctions imposed on Iran to turn in US policy after Trump said last February that he would re -impose a “maximum pressure” policy on Iran because of its nuclear program and its financing armed groups in The Middle East.

Sanctions on Iran

Trump imposed tours of sanctions related to Iran, including a number of independent Chinese refineries and port operators due to the purchase of Iranian oil.

Scott said the former official in Central Intelligence Agency The American and the current CEO of the Energy Group Rabidan Energy, “the green light that President Trump gave to China to continue to buy Iranian oil reflects a return to the indulgent application” of the sanctions.

In addition to the failure to apply the sanctions effectively, Trump may suspend or issue exemptions from the implementation of sanctions on executive orders or under the powers granted to the president through the laws approved by Congress.

Modile said that Trump will not likely waive the sanctions before the upcoming rounds of American -Iranian nuclear talks, and these measures represent a source of influence in light of a request Tehran To include any agreement to be finally raised.

The partner at Hobard & Reed, Jeremy Banner, said that if Trump chose to suspend Iranian oil sanctions, this will require a lot of work between agencies, as the Treasury will have to issue licenses, and the Ministry of Foreign Affairs will have to issue exemptions, which requires notification of Congress.

Oil dealers and analysts in Asia said they expect Trump’s comments will not have an impact in the near -term on China’s oil purchases, both of them. Iran Or the United States.

Iranian oil represents about 13.6% of China’s purchases of oil this year, as low -price crude provides a lifestyle for independent refineries that work with small profit margins, and US oil constitutes 2% of China’s imports, and also that Customs Beijing is 10% imposed on American oil hinders more purchases.

Analysts said the markets will take time to accommodate Trump’s comments due to fluctuations in the region.

“We will see whether the administration will implement President Trump’s statement to officially lift the sanctions on Iran … this remains unlikely without an agreement that addresses outstanding issues regarding Iranian nuclear program“.

This decline comes at a time when American commercial negotiators are talking to China in order to resolve some basic issues in the trade war between the two countries. China has repeatedly criticized US sanctions, which it describes as an attempt to undermine the Chinese economy.

Presse on China

China has been opposing what it described as “abuse Washington For unilateral penalties. “

In response to a question at a periodic press conference on Trump’s publication, Chinese Foreign Ministry spokesman Qouh Jia KNN Beijing will take reasonable measures to achieve energy security in accordance with its national interests.

Increasing China and other consumers of Iranian oil purchases would disturb other oil producers.

However, the impact of US sanctions on Iran’s exports was limited since Trump’s first presidential state when he took strict measures against Tehran.

Modile said that Trump “waved the gun” this year with penalties for commercial companies and Chinese ports. Model added that the results were “the lowest pressure” and not the most far.

US State Department spokeswoman Tami Bruce told reporters that Trump pointed to what he wanted to happen and what his administration focused on achieving, but she did not disclose the nature of the matter.

“But it is clear that we are focusing on making sure that President Trump’s instructions prevail and push this government forward, so we will have to wait and see how it will end,” Bruce added.

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