This I absolutely did not expect. I truly thought President Biden would "support" Iran and completely undo everything Trump did with regard to Iran. Truly surprised.
Overnight: Biden administration to enforce Trump-era sanctions on Iran oil shipments.
This week a senior Biden admin official has admitted in comments to FT that ... banned Iranian oil exports to China have been increasing "for some time now" as Beijing continues to be Tehran's lifeline for circumventing oil sanctions, which has been ongoing for years now.
China has also played a major part in keeping Venezuela's oil exports afloat.
But now, as FT reports Wednesday, March 17, 2021, "The Biden administration has told Beijing it will enforce Trump-era sanctions against Iranian oil as shipments from the Islamic regime to China have soared, a senior US official said."
Despite the White House still saying it's "prioritizing" re-entry into the nuclear deal, efforts which have been stalled thus far as Tehran is demanding the easing of sanctions as a first step, the senior official revealed to FT: "We’ve told the Chinese that we will continue to enforce our sanctions."
"There will be no tacit green light," the official added, but enforcement might take the form of what's dubbed these "secondary sanctions" targeting Chinese companies caught transferring Iranian oil. However, it remains the possibility that these too could ease assuming Washington and Tehran re-enter talks.
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