U.S. weighs lifting Iranian oil sanctions to keep price in check (opens in new tab)

(axios.com)

36 pointsdgrin916d ago8 comments

8 comments

So we pay for oil from our “enemy” and fund them while fighting a war w them. I think they were thinking of doing this w Russia also. Basically paying to kill our troops while spending lots of money to send our troops there in the first place.

jfengel5d ago

Well... we allow other people to pay for oil from our enemy. Then they don't need to buy oil from the same places we buy oil from, so the price goes down.

That doesn't make it any less weird that we're letting up pressure with one hand and bombing them with the other. But we aren't also sending them money... as if that made a difference.

hampowder6d ago

It certainly appears like the short term impacts of this war have been:

- martyrdom of the previous ayatollah

- increase in energy price globally

- increased ability for the west's adversaries to sell their oil at higher prices through reducing sanctions

tonyedgecombe6d ago

Next Iran will start bombing its own facilities in order to keep the oil price high and inflict pain on the invaders.

bediger40006d ago

It's not exactly "US" so much as it is Trump and Bessent if you read the article. The obvious conclusion is that Trump will do anything to stay popular and avoid a Blue Wave at midterms. Other presidents, who at least tried to gin up public support for their wars, could ask the public to bravely make sacrifices. Trump can't do that. He painted himself into a corner.

expedition326d ago

In most countries there has to be a vote in parliament to begin a war.

This has the benefit that politicians have their name on the record and cannot weasel out of it if things go bad. Besides there is something unseemly of asking people to give their life for war that nobody wants.

jacquesm5d ago

> It's not exactly "US" so much as it is Trump and Bessent if you read the article.

That's true, but from an international policy perspective they are part of the US.

TheOpenSourcer4d ago

Damn this tells me that the shortage is much worst then I thought. Time to short oil stocks?

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