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Trump has "flashed the Glock" this year with sanctions on Chinese trading companies and terminals, Modell said, referring to threatening with a gun. But the results have been far more "minimum pressure" than maximum, Modell added.
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"China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the U.S., also," Trump said in a post on Truth Social, just days after he ordered U.S. bombings of three Iranian nuclear sites.
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June 24 (Reuters) - U.S. President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of U.S. sanctions.
Any relaxation of sanctions enforcement on Iran would mark a U.S. policy shift after Trump said in February he was re-imposing maximum pressure on Iran, aiming to drive its oil exports to zero, over its nuclear program and funding of militants across the Middle East.
"But clearly we are focused on making sure that (the) guiding hand of President Trump prevails and moves this government forward, so we will have to wait and see when it comes to what that ends up looking like," Bruce said. (Reporting by Timothy Gardner, Daphne Psaledakis, Jarrett Renshaw, David Brunnstrom and Bhargav Acharya, Siyi Liu; Additional reporting by Liz Lee in Beijing; Editing by Doina Chiacu, Marguerita Choy, Jamie Freed and Kim Coghill)
Trump was drawing attention to no attempts by Iran so far to close the Strait of Hormuz to oil tankers, as a closure would have been hard for China, the world's top importer of Iranian oil, a senior White House official told Reuters.
State Department spokesperson Tammy Bruce told reporters that Trump had signaled what he wanted to happen and that his administration is focused on delivering that. She would not say what the process would entail.
Iranian oil accounts for roughly 13.6% of China's oil purchases this year, with the discounted barrels providing a lifeline to margin-squeezed independent refineries. U.S. oil accounts for just 2% of China's imports, and Beijing's 10% tariffs on U.S. oil deter further purchases.
Trump will likely not waive sanctions ahead of coming rounds of U.S.-Iran nuclear talks, Modell said. The measures provide leverage given Tehran's demand that any deal includes lifting them permanently.
Guo Jiakun, a spokesperson for China's foreign ministry, said on Wednesday that China would adopt reasonable energy security measures in accordance with its own national interests, Bing Ads when asked about the Trump post at a regular press briefing.
Trending Questions
How do you get all of the strange rock on runescape? Were is the king black dragon on RuneScape? Where is the second half of the shield on shield of arravv on runescape? Where is clay mined? Who is a person who uses a pickaxe? What is the highest armor you can sell on runescape nonmembers? In varrock how do you unlock the cages by the general store runescape? Can you be assisted in making an overload potion? Do you have to be members on runescape to get your agility level up? What is a valid id? How long does a runescape clan chat ban last for? What is the clan name for buthelezi? What to download to play rune scape in high detail? How can you increase your Agility? On runescape can you do ancient magic without staff? When did David N. Farr join Emerson? What way is the easiest way to lev up attack in runescape? Where do you buy a knife in runescape? Where can you buy blurite in RuneScape? Where can one find more information about cheap Runescape gold?
"China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the U.S., also," Trump said in a post on Truth Social, just days after he ordered U.S. bombings of three Iranian nuclear sites.
Trending Questions
What is the cost of silver production? Calculating Flotation costs suppose your company needs 6 million dollars to build a new assmebly line What if your target debt equity ratioo is 1.0 The flotation cost for new equity is 15 percent but? What is the average profit margin for a security company? How does prepaid expense and accrued expense affect the profit of a business? How to calculate gross profit? Accounting and its functional objectives? Why people need to lease other's assets? Is depreciation an overhead cost? A check drawn by a depositor in payment of a voucher for 725 was recorded in the journal as 257 What entry is required in the depositor's accounts? When a worksheet is completed what balances are found on the general ledger? What are the factors that must be considered when establishing inventory control? Define source of finance in financial management? When can you capitalize project management? Does Dividends paid reduce net income for the period? Basic accounting formula? What do we call the ability of an asset to be used as a cash? Suppose you are heading a business unit in India which are the points about statistics you will keep in mind for doing business profitably in other words what is the relevance of business statistics? What are five non-store retailing methods? What the meaning of payable in kind? Is accrued interest a asset or liablity?
June 24 (Reuters) - U.S. President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of U.S. sanctions.
Any relaxation of sanctions enforcement on Iran would mark a U.S. policy shift after Trump said in February he was re-imposing maximum pressure on Iran, aiming to drive its oil exports to zero, over its nuclear program and funding of militants across the Middle East.
"But clearly we are focused on making sure that (the) guiding hand of President Trump prevails and moves this government forward, so we will have to wait and see when it comes to what that ends up looking like," Bruce said. (Reporting by Timothy Gardner, Daphne Psaledakis, Jarrett Renshaw, David Brunnstrom and Bhargav Acharya, Siyi Liu; Additional reporting by Liz Lee in Beijing; Editing by Doina Chiacu, Marguerita Choy, Jamie Freed and Kim Coghill)
Trump was drawing attention to no attempts by Iran so far to close the Strait of Hormuz to oil tankers, as a closure would have been hard for China, the world's top importer of Iranian oil, a senior White House official told Reuters.
State Department spokesperson Tammy Bruce told reporters that Trump had signaled what he wanted to happen and that his administration is focused on delivering that. She would not say what the process would entail.
Iranian oil accounts for roughly 13.6% of China's oil purchases this year, with the discounted barrels providing a lifeline to margin-squeezed independent refineries. U.S. oil accounts for just 2% of China's imports, and Beijing's 10% tariffs on U.S. oil deter further purchases.
Trump will likely not waive sanctions ahead of coming rounds of U.S.-Iran nuclear talks, Modell said. The measures provide leverage given Tehran's demand that any deal includes lifting them permanently.
Guo Jiakun, a spokesperson for China's foreign ministry, said on Wednesday that China would adopt reasonable energy security measures in accordance with its own national interests, Bing Ads when asked about the Trump post at a regular press briefing.
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