The Trump administration has said it is confident that the toughest ever sanctions against Iran which happened on Monday, will have the expected impact to change the Iranian regime behaviour, even as Pompeo evaded question on whether the US has firm commitments from India and China to stop all oil purchases from Tehran within six months.
The sanctions cover Iran’s banking and energy sectors and reinstate penalties for countries and energies in Europe, Asia and somewhere else that do not halt Iranian oil imports.
India and China—the two great buyer of Iranian crude, have so far seem to have avoided the punitive American sanctions targeting the Iranian oil and financial sectors.
The two Asian giants are believed to be among the eight nations that have been given the rare exemption from the Iranian sanction that commenced from Monday.
The Trump administration said it has asked these nations including Turkey, Iraq, Italy, Japan and South Korea to cut down their oil purchase to zero as soon as possible.
US Secretary of State Mike Pompeo, during a talk show on Fox News, repeatedly parried question when asked about the commitment from India and China on zero oil purchase from Iran.
“Watch what we do. We have already taken more crude oil from off the market than any time in previous history. Watch the efforts that President Trump’s policies have achieved. We have done the majority of this, as well, while ensuring that American customers don’t endure,” he stated, as he abstained from giving a direct reply on India and China.
He added, “I am exceptionally sure that the approvals that will be re-forced this Monday, not just the unrefined petroleum authorizes., that the money related assets that are being set up by the Treasury Department and more than 600 assignments of people and organisation in Iran will have the proposed impact to modify the Iranian regime behaviour. That is our desire. It is the purpose behind President Trump’s approach.”
India, which is the second greatest buyer of Iranian oil after China, will confine its month to month buy to 1.25 million tonnes or 15 million tonnes in a year (300,000 barrels for each day), down from 22.6 million tonnes (452,000 barrels for everyday), purchased in 2017-18 financial year, a sources close to Petrolium Ministry confirmed.