Obama signalizes oil sanctions against Iran

Barack Obama, United States President, has announced today that US has “enough Oil Offer from other countries” and that is why a green signal was given to make sanctions against Iran and nations that buy oil from Teheran. The measure has an objective to isolate the Iranian government in the middle of growing tension moment, due to the fears concerned to nuclear program that is supposed to try to develop nuclear weapons. There is enough oil offering from other countries besides Iran, to allow us a significant reduction of oil volume purchased from that country by means of international financial institutions. “ explains Obama, through a memorandum divulged by the White House. Thus, US can apply a new round of sanctions guided by the country with the purpose to asphyxiate the Central Bank of Iran, by the means of which are concluded the most of Iranian oil sales.The Sanctions are predicted to get enforced at the end of June. In that same week, an Embargo already approved by the European Community to Iranian oil importation will get start. However, Obama explained that this decision was taken after assessing the current global economic conditions, the production increase in some countries, the level of capacity of production and strategic reserves”. Yet, highlighted that US Government would keep a survey on the situation to make sure the market may keep following the cut sanction on the Iranian oil” The Sanctions provided by US does not include countries that keep on buying oil from Iran, but at least to drop down significantly the volume of importation, although the reduction has not been described in numbers or quantities.Source:Diário Mercantil-Translation:EGE