Iranian Foreign Minister Mohammad Javad Zarif says he is shocked by the US decision to revoke exemptions for Iran's oil customers, descrivendola come Economic terrorism is a sign of Washington's desperation. “The escalation of economic terrorism against Iranians is a clear symptom of the US regime's panic and desperation – and the chronic failures of his co-conspirators”.
 
He then turned to US President Donald Trump and his administration who asked Iran to change its foreign policy, saying: “The heirs of the ancient Persian civilization they do not base strategy on the advice of foreigners – not to mention the Americans“.
The White House said today that the exemptions for China, India, Japan, South Korea and Turkey will expire in May, after which they could face the same US sanctions.
This decision is aimed at bringing Iran's oil exports to zero. Iran has insisted that the sanctions are illegal “no value or credibility” to the exceptions.
 
Oil prices they rose to the max of the past six months after the Trump administration said it would end waivers allowing countries to import Iranian oil.
Il Japan and the South Korea they are heavily dependent on foreign oil, especially from Iran, and Pompeo said the administration tried to find alternatives. But Monday's move could strain relations – already tested on trade issues and American policy towards North Korea – with these close allies.
It's an even bigger problem for the’India, which is also under American pressure to cut oil purchases from Venezuela. Iran is one of Delhi's major oil suppliers. But India also has deep cultural and political ties with Tehran, which make it difficult to join the United States' attempts against the heir country of the Persian Empire.
The China it is Iran's other major customer: criticized the US decision, saying that his trade is perfectly legal and that the United States has no jurisdiction to interfere. The question is whether Beijing will try to circumvent sanctions through companies not linked to the US financial system.
The Türkiye has been even more vocal in pushing for an extension to the waiver. Ankara claims it badly needs oil, and that as a country ”Neighbor” he cannot cut ties with Iran and furthermore the pressure campaign will not work anyway.
 
As for the’Italy Coldiretti stated that the resulting increase in fuel will affect at least 85% of expenses for commercial and labor costs. With a snowball effect, there is the risk that the exorbitant increase in prices will cause disruption in many other sectors if alternatives are not found to counter future sharply rising expenses.
SOURCE – https://www.osservatorio-eurasiatico.it/2019/04/24/terrorismo-economico-gli-stati-uniti-tentano-di-azzerare-completamente-l-export-iraniano/