Mind The Other Trade War---Trump's Campaign For "Zero" Iranian Oil Exports

But it will be a difficult task since European companies are walking away from Iran even as their governments insist they will support their investments. “What I hear from oil and gas companies, no one is taking a risk from being cut off from the U.S. financial market. So I think there’s a really big gap between what foreign governments are saying and what companies are saying,” Brenda Shaffer of Georgetown’s School of Foreign Service said. She cited the case of Total SA, the French oil giant that pulled out of Iran despite assurances from European governments that they would be protected from U.S. sanctions.

https://oilprice.com/Geopolitics/International/How-Bad-Is-Irans-Oil-Situation.html

 

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.