Several companies refused to trade oil with Iran – Bloomberg

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Measures are associated with possible sanctions against the country.

The company sells oil, refuse transactions with Iran. About it reports Bloomberg with reference to sources in six companies.

From trade with Iran started to decline after the US President Donald trump has declared its readiness to end its nuclear deal with the third on volumes of extraction by OPEC member. The company did not enter into transactions after may 12 is the period in which trump promised to announce its decision on sanctions against Iran.

In addition, from deals with Iran, a period which continues after 12 may refuse some transport companies, banks and insurance companies.

March 2018, Iran produced 3.8 million barrels per day – 12% of the total production of OPEC, in which he is surpassed in volume only to Saudi Arabia (9.9 million) and Iraq (4.3 million). 2 million barrels per day was exported. If the sanctions will resume, the oil supply may be reduced by a quarter, according to analysts. It is also noted that the likely introduction of a transitional period of 6 months to minimize the trade.

Analysts doubt that the current sanctions will be as effective as in 2012. While the EU has not expressed a position, join to the sanctions, except the unknown position of China, which, conversely, could increase the purchase.

We will remind, the President of the United States Donald trump and the President of France Emmanuel macron discussed the possibility of creating and signing a new agreement regarding Iran’s nuclear program.

Several companies refused to trade oil with Iran – Bloomberg

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