Trump administration plans stronger measures to stifle Iran's oil business
Washington Free Beacon:
The Trump administration is vowing to cripple Iran's international oil trade in the coming months, issuing new promises to ensure that international allies drop their imports of Iranian crude to zero in the coming months.US oil production is soaring and will increase in the coming year as new infrastructure comes online that will speed access to export markets. The US oil is also of a higher grade than some competitors. The sooner the Iranian mullahs are out of power the better off the Iranians and the world will be.
Richard Goldberg, a member of the White House's National Security Council in charge of amplifying the administration's pressure campaign on Iran, said countries should not expect waivers permitting them to purchase Iranian crude oil to be renewed, an issue that has generated diplomatic jitters as the administration seeks to avoid further inflating the price of oil.
While the State Department issued several waivers to a cadre of countries last year, Goldberg suggested this will not happen again, citing new energy data that the global oil market could absorb cutting Iranian exports to zero.
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