reported<\/a> earlier this week that the Trump administration had repeatedly told mediator parties it had no interest in returning to the terms of the ceasefire that the U.S. and Iran agreed in June. The deal did not last a month.<\/p>\n\u00a0According to the report, the Trump administration and the president himself appear focused on economic pressure. \u201cAs the president said, there are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran,\u201d White House spokeswoman Anna Kelly said, as quoted by the Wall Street Journal. \u201cThe naval blockade remains in full force and effect, and Operation Economic Outcast is underway to sever every remaining economic lifeline sustaining the regime.\u201d<\/p>\n
The effectiveness of Operation Economic Outcast has been called into question by some observers, seeing as China\u2019s cooperation is key because of its status as Iran\u2019s biggest trade partner. China, however, is not exactly cooperating. In fact, China has repeatedly stated sanctions are not the most productive way of effecting political change.<\/p>\n
By Irina Slav for Oilprice.com<\/p>\n
More Top Reads From Oilprice.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Crude oil prices were on course to book another weekly loss despite no sign of any progress being…\n","protected":false},"author":2,"featured_media":1173774,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[2796,51,1395,10638,774,2662,312842,74677,1757,16,15,49,2797],"class_list":["post-1173773","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-brent","tag-business","tag-china","tag-crude-oil","tag-iran","tag-oil-prices","tag-oil-sanctions","tag-strait-of-hormuz","tag-trump","tag-uk","tag-united-kingdom","tag-united-states","tag-wti"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/117171971039424670","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1173773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1173773"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1173773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1173774"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1173773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1173773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1173773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}