US to sanction allies over Iran oil trade | The Daily Star
12:00 AM, April 24, 2019 / LAST MODIFIED: 12:00 AM, April 24, 2019

US to sanction allies over Iran oil trade

China says move will ‘intensify ME turmoil’

China yesterday warned that the US decision to impose sanctions on buyers of Iranian oil will “intensify turmoil” in the Middle East and in the international energy market.

The White House announced Monday it was calling an end to six-month waivers that had exempted several countries -- including major importer China -- from unilateral US sanctions on Iranian oil exports.

“China firmly opposes the US implementation of unilateral sanctions and its so-called long-armed jurisdiction,” foreign ministry spokesman Geng Shuang said at a regular press briefing.

“The relevant move by the United States will intensify the turmoil in the Middle East and the turmoil in the international energy market.”

In seeking to reduce Iran’s oil exports to zero, the Trump administration is targeting the country’s top revenue earner in its latest no-holds-barred move to crush the economy and scale back the clerical regime’s influence.

Eight governments were initially given the six-month reprieve on oil sanctions that had been imposed last year by the United States. The exemption will now end on May 2. Greece, Italy, Japan, South Korea and Taiwan -- have already ended or heavily reduced their purchases from Iran. The other three are China, India and Turkey, with Ankara vowing to defy the US demands.

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