US ready to drive Iranian oil exports to zero, says US national security adviser
The US is prepared to use sanctions to drive Iranian oil exports down to zero, the US national security adviser, John Bolton, has said.
“Regime change in Iran is not American policy, but what we want is massive change in the regime’s behaviour,” Bolton said on a visit to Israel, as he claimed current sanctions had been more effective than predicted.
Donald Trump took the US out of Iran’s nuclear deal with the west in May and is imposing escalating sanctions, both to force Iran to renegotiate the deal and to end Tehran’s perceived interference in Yemen, Syria and Lebanon.
Complete removal of Iranian oil from world markets would cut oil supply by more than 4% probably forcing up prices in the absence of any new supplies....MORE
