US grants China six-month Iran oil sanctions reprieve

Source: BBC

The United States has granted China a six-month reprieve from financial sanctions for buying Iranian oil.

US Secretary of State Hilary Clinton said China and Singapore, which also received the temporary exception, had earned the reprieve by cutting imports.

All 20 of Iran's major oil buyers have now been exempted from the sanctions before they come into effect on Friday.

Read more: http://www.bbc.co.uk/news/world-asia-china-18639255

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4 replies	Author	Time	Post
US grants China six-month Iran oil sanctions reprieve (Original post)	alp227	Jun 2012	OP
"All 20 of Iran's major oil buyers have now been exempted ..." Seems like expensive	jtuck004	Jun 2012	#1
Re: economic growth still in the forecast	mallard	Jun 2012	#2
Crazy	Franker65	Jul 2012	#3
Yes, where does this "US" character get off granting permission to buy oil	may3rd	Jul 2012	#4

Response to alp227 (Original post)

Fri Jun 29, 2012, 12:02 AM

jtuck004 (5,097 posts)

1. "All 20 of Iran's major oil buyers have now been exempted ..." Seems like expensive

theater. And we pay people to do this.

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Response to alp227 (Original post)

Fri Jun 29, 2012, 12:17 AM

mallard (489 posts)

2. Re: economic growth still in the forecast

This way China will hopefully continue to do well enough to keep helping finance ... the same gov't threatening to cut them off ... if they dare to go on treating Iran like a responsible country.

More evidence China is untrustworthy; and still they get let off the hook. Where's the gratitude?

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Response to alp227 (Original post)

Mon Jul 2, 2012, 06:57 AM

Franker65 (252 posts)

3. Crazy

Absolutely ridiculous situation...Why even bother with sanctions.

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Response to Franker65 (Reply #3)

Mon Jul 2, 2012, 08:36 PM

may3rd (593 posts)

4. Yes, where does this "US" character get off granting permission to buy oil

it's a fact sanctions don't work on oil producing countries anyway

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