By Stephen Levy
Iran has been selling crude oil furtively to dodge U.S. and
EU sanctions, Reuters
reports, as the U.S. considers more sanctions. In alliance with Emirati
companies, Iran has been disguising its crude oil by mixing it with other
fuels, distributing at distant locations, and even using false documents. In a
sign of the relative effectiveness of the sanctions, however, few large
companies and traders have participated in those efforts, and Iran has had to
sell the fuel at a significant discount. The U.S. has confirmed that it is
investigating with the Emirati government, but it remains to be seen if any
traders will be sanctioned. The sanctions have served better as a deterrent
than a punishment, and if the U.S. views the negotiations as close to ending,
it might consider moderating its response.
0 comments:
Post a Comment