Iran to Sell Oil Through Private Consortium to Evade Sanctions

The illegitimate economic warfare against Iran is already wreaking havoc on their economy

Iran is trying to sell some of its oil through a private consortium in an attempt t circumvent the US-led international sanctions regime inflicting enormous pain on the Iranian economy.

“The head of the oil products exporters’ union,” reports Reuters, “said the agreement between the exporters’ union, Iran’s central bank, and the oil ministry would get around a European Union ban on shipping insurance for tankers carrying Iranian oil.”

“In accordance with the agreement,” said Hassan Khosrojerdi, the exporters’ union head, “it is planned that 20 percent of Iran’s oil exports will go through this private consortium.”

The supposed justification behind all the economic warfare against Iran is to pressure the Iranian government to give up its alleged ambitions to obtain nuclear weapons. But the consensus within the US intelligence community and indeed the Obama administration itself is that Iranhas no nuclear weapons program and has demonstrated no intention to start one.

The sanctions are really about placating Israel’s trumped-up concerns and trying to stoke internal discontent and pressure Tehran into making absurd concessions in international negotiations over their civilian nuclear program.

Writing in Foreign Affairs, celebrated international relations academic Kenneth Waltz argued that sanctions “primarily harm ordinary Iranians, with little purpose.”

A recent piece in Foreign Policy argued similarly that the people, not the regime, will be hurt by this economic warfare. The decreased oil revenues “will stay firmly in the hands of the hardliners and the repressive organs of the state. Meanwhile, youth unemployment — which already exceeds 70 percent – will rise higher, and the quality of life of the underprivileged and retirees reliant on government handouts for their meager existence will decline further.”

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Author: John Glaser

John Glaser writes for Antiwar.com.