INU - US sanctions have so far successfully managed to cut off at least 2.5 million barrels of oil per day in exports from Iran. Better yet, due to the risks that buyers are taking by purchasing Iranian oil (i.e. being cut off from the US financial market), Iran is having to sell it at well below market value. And on top of all that, it is now costing Iran more to ship their oil as most shipping companies won’t take their business and tankers are having to take convoluted routes.
Last year, U.S. President Donald Trump pulled out of the Joint Comprehensive Plan of Action (JCPOA). He explained that the nuclear deal does nothing to curb the nuclear threat – it simply just delays it. The U.S. president also explained that there are a whole series of issues that the nuclear does not address, including Iran’s spread of terror and chaos across the region, its support of terrorist proxy groups and militias, its involvement in regional conflicts and the mistreatment of its own people.
INU- Iran breached the 2015 nuclear deal for the second time in days on Monday by enriching uranium to 4.5%, as confirmed by the International Atomic Energy Agency, which is enough to help power Iran’s Bushehr power plant.
Behrouz Kamalvandi, a representative of the Atomic Energy Organization of Iran, admitted that this is an attempt to put pressure on the nuclear deal signatories, especially the EU, to help Iran evade US sanctions.