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U.S. Exempts Japan, 10 EU Nations From Iran Oil Sanctions

Bloomberg -- The Obama administration is sending a message to major buyers of Iranian oil -- in particular China, India and South Korea -- that they can avoid new U.S. sanctions by curtailing their imports of Iranian crude by the end of June, several U.S. officials said.

Secretary of State Hillary Clinton announced yesterday that an “initial group” of countries -- Japan and 10 European Union nations -- have “significantly reduced” their Iranian oil purchases and thus qualified for an exemption from sanctions for a renewable period of 180 days under the law.

The U.S. didn’t grant waivers to China (CCCIIQIR), the leading importer of Iranian crude in the first half of last year, or to India and South Korea, which were the third- and fourth-largest buyers, according to the U.S. Department of Energy.


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Submitted Mar 21, 2012 By: Mudsprings
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. Exempts Japan, 10 EU Nations From Iran Oil Sanctions Back to Topics
REPLIES (newest first) Post a Reply
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leemun
Champion Author Utah

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Message Posted: Mar 21, 2012 3:48:35 PM

Our government chooses the winners and the losers.
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skybiker
Champion Author South Carolina

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Message Posted: Mar 21, 2012 3:47:55 PM

Sunshine allies....
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bigdog1294
Sophomore Author Atlanta

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Message Posted: Mar 21, 2012 3:45:04 PM

Another 10 cent increase at the pump today...
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dirtydiesel10
Champion Author Colorado Springs

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Message Posted: Mar 21, 2012 3:44:44 PM

ok
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vcsuksu21
Champion Author Oklahoma City

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Message Posted: Mar 21, 2012 3:43:16 PM

ok
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JCI46009IN
Champion Author Indiana

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Message Posted: Mar 21, 2012 3:42:25 PM

China can kiss our ***** !
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Foxt
Champion Author Minnesota

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Message Posted: Mar 21, 2012 3:39:25 PM

Russia cut off EU this past winter for a few of the coldest days just to show them who's really running the show.
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gumbyrex
Champion Author Fresno

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Message Posted: Mar 21, 2012 3:39:20 PM

Global business being global business. Is it fair? I don't know if exemptions should be granted.
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repeater1
Champion Author Topeka

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Message Posted: Mar 21, 2012 3:39:06 PM

Grab you ankles, we are about to get it again.
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CQQKIE
All-Star Author Illinois

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Message Posted: Mar 21, 2012 3:38:56 PM

Oh what fun.
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bra0712
Champion Author Arizona

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Message Posted: Mar 21, 2012 3:37:08 PM

This will bit us in the ass
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FlyNFool
Champion Author South Carolina

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Message Posted: Mar 21, 2012 3:36:21 PM

Taking care of our friends.
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mageetp
Champion Author British Columbia

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Message Posted: Mar 21, 2012 3:36:19 PM

Time will tell if this is going to work, would be nice if it does, tho.
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bluetatanka
Champion Author Philadelphia

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Message Posted: Mar 21, 2012 3:36:00 PM

Maybe the Obama administration feels that the Crisis will be over by June!?
Ya think?
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rodzilla123
Champion Author San Diego

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Message Posted: Mar 21, 2012 3:33:34 PM

The one Thing I found most interesting is the utter absence of the country of Russia mentioned in this article. Russia has been a major Oil Importer from Iraq and Iran for many years, even before the Iraq War in 1991. They have a direct connection via the Caspian Sea and Tankers to Kazkastan, and I believe o have herd of a pipe line from Iran to Kazkastan. Wonder why Bloomberg and the Fed left out those small details????

[Edited by: rodzilla123 at 3/21/2012 3:35:27 PM EST]
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goodbuy
Champion Author Michigan

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Message Posted: Mar 21, 2012 3:28:24 PM

Just bomb Iran and end it.
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MightyDude
Champion Author Minnesota

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Message Posted: Mar 21, 2012 3:27:50 PM

oh goody, goody
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lbrinkmn
Champion Author Minnesota

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Message Posted: Mar 21, 2012 3:25:45 PM

ok
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SandeeC
Champion Author Ontario

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Message Posted: Mar 21, 2012 3:23:37 PM

Sounds good.
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humancry
Champion Author Michigan

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Message Posted: Mar 21, 2012 3:21:55 PM

So how do we provide all there crude and ours. hmmmmmmmmmmmmmmm!!!
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dbrnt
Veteran Author Illinois

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Message Posted: Mar 21, 2012 3:21:39 PM

Is anyone surprised by this?
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DaisysMomNC
All-Star Author North Carolina

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Message Posted: Mar 21, 2012 3:19:43 PM

We'll see - Change our administration.
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Holly123
Champion Author Charlotte

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Message Posted: Mar 21, 2012 3:16:34 PM

Ok then ....
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Road-Runner
Champion Author Denver

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Message Posted: Mar 21, 2012 3:14:44 PM

So much for a new regimen of very leaky sanctions. Petroleum is a fungible commodity. Some of the exempt countries will simply buy Iranian crude and then re-sell it to other countries which are ostensibly complying with the sanctions! What a joke!
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greenfog
Champion Author Illinois

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Message Posted: Mar 21, 2012 3:10:09 PM

all politics again.
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allstar3
Sophomore Author Baton Rouge

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Message Posted: Mar 21, 2012 3:03:56 PM

All of you whining about Obama getting out of office in 2012, have you ever thought if the current Republican candidates are any better? They're all idiots, you could probably put a 12 year old in office and he/she could run the country better than any of them.
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Teddy95
Champion Author Dayton

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Message Posted: Mar 21, 2012 3:02:25 PM

Hummm...
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cehend
Champion Author Maryland

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Message Posted: Mar 21, 2012 3:02:11 PM

We shall see about all of this.
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briandbec
Champion Author Tucson

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Message Posted: Mar 21, 2012 2:58:53 PM

All talk. No one will ever put US sanctions against China.

#1, the consumer, who buys (excluding food) 90+% Chinese products vs. those made elsewhere globally will revolt when they can't get $100 TVs, $1 party favors and free Happy Meal toys.
#2, Congress, who needs China to buy all our debt as we spend ourselves into a hole we won't be able to climb out of without either slavery or war, will revolt when China is no longer buying and they actually have to cut spending, knowing they will ALL lose their jobs the next election.
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Algernon
Champion Author Greensboro

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Message Posted: Mar 21, 2012 2:58:41 PM

VOTE OBAMA OUT IN 2012!!!!!!!!!!!!!!!!!
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jjw0608
Champion Author Milwaukee

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Message Posted: Mar 21, 2012 2:58:32 PM

OBAMA giving out breaks again?????????????????????????????
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tex_mex13
All-Star Author Austin

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Message Posted: Mar 21, 2012 2:56:40 PM

They should just cut Iran off and buy from other oil producing countries!
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pjslyfox
All-Star Author Grand Rapids

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Message Posted: Mar 21, 2012 2:55:24 PM

So, it is all about votes again! I will not be swayed. Obummer must go.
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walkit1
Champion Author Memphis

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Message Posted: Mar 21, 2012 2:54:08 PM

There are a lot of other ways to get to Iran other than trying to force countries to stop buying oil. This puts a squeeze on overall supply and hurts us all at the Pump. This country has poor leadership in more ways than one.
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Coben
Champion Author York

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Message Posted: Mar 21, 2012 2:51:50 PM

Yes our sanctions are working in Cuba....when's the last time they had any sort of military involvment in the world, or contributed to society, or developed anything? They are stuck in socialism decades old and failed....same place we are heading under this "leaders" regeime!
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gws2980
Champion Author Philadelphia

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Message Posted: Mar 21, 2012 2:51:46 PM

So where will they buy their oil?
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19sheldon43
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Message Posted: Mar 21, 2012 2:49:35 PM

Yes, put the screws to them. Show them that the USA is like the Wizard of Oz, all powerfull
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ezone
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Message Posted: Mar 21, 2012 2:42:56 PM

We are playing world class politics with a bunch of real light-weights representing our side - Hillary, Obozo, etc. NObama 2012.
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briinnc
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Message Posted: Mar 21, 2012 2:41:20 PM

Are our sanctions on Cuba working yet?
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PithyOpiner
Champion Author Stockton

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Message Posted: Mar 21, 2012 2:39:52 PM

Well, we still have a few battalions of reservists who could be called up to fight China and South Korea into submission.
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suzyq2007
Champion Author Dallas

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Message Posted: Mar 21, 2012 2:37:06 PM

this is do no good
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ss70
Champion Author Detroit

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Message Posted: Mar 21, 2012 2:36:09 PM

black mail by US
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1mrtym
Veteran Author Houston

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Message Posted: Mar 21, 2012 2:35:05 PM

ok
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dabayer
Champion Author New Hampshire

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Message Posted: Mar 21, 2012 2:34:12 PM

Why is China even getting ANY advantages from the US???
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JXQW
Champion Author Kansas City

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Message Posted: Mar 21, 2012 2:32:12 PM

what we can do with any of these?
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dasAuto
Champion Author Saskatchewan

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Message Posted: Mar 21, 2012 2:27:21 PM

azadus is right, the government better not overstep themselves with this whole Iran oil-sanction thing. It could turn into a major debacle for them.
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LaVonneK
Champion Author Iowa

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Message Posted: Mar 21, 2012 2:25:25 PM

Oh.
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azadus
All-Star Author Houston

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Message Posted: Mar 21, 2012 2:25:20 PM

Things like this get easily spinned to make the US look like a bully ordering other countries around.
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JoviI8DbVZbOBdH
Sophomore Author San Francisco

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Message Posted: Mar 21, 2012 2:24:03 PM

alright
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36IHBinder
Champion Author Illinois

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Message Posted: Mar 21, 2012 2:23:59 PM

I don't get it.
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us4usa
Champion Author Missouri

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Message Posted: Mar 21, 2012 2:22:35 PM

"The U.S. didn’t grant waivers to China" Play hard ball with China, this should work, they stop all shipments to Wally-World and we're done... And before you say that would be great, think about it...
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divebomber
Champion Author Nebraska

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Message Posted: Mar 21, 2012 2:19:14 PM

I CAN'T WAIT FOR ISREAL TO ATTACK IRAN SOON!
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