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Saturday, November 23, 2024

National Interest’s narrative of the failure of Iran’s oil sanctions

PNN – Referring to the failure of the sanctions policies of the Biden administration and the increase in Iran’s oil revenues, “National Interest” said that the new report of the Energy Information Agency (EIA) on Iran’s oil exports was a reminder of the bitter experience of the failure of the Obama-Biden fluctuating sanctions.

According to the report of Pakistan News Network, this research center repeated the claims of the West regarding the financial resources of Iran’s support for the axis of resistance: The reality is, as the sanctions imposed against the Kremlin for its invasion of Ukraine have shown, sanctions alone cannot be a solution against aggressor governments. US trade policy has generally failed to prevent flagrant violations of sanctions.

In a part of this report, it is stated that Iran’s income from oil exports has almost quadrupled since 2020 and reached 53 billion dollars from 16 billion dollars in 2023.

The National Interest wrote in an investigation of the reason for this event: Three factors have caused this significant change: the weak implementation of sanctions by the Biden administration, the increase in global oil prices and China’s thirst for oil, which has led to Beijing’s closer cooperation with Tehran.

Read more:

America claimed: If Iran responds, we will not be able to control Israel

“Ariel Cohen”, the senior analyst of the Atlantic Council in the field of energy, claims that Biden did not officially cancel any of the oil sanctions against Iran, but Iran has not officially exported oil to China either. Tehran uses a wide range of anonymous companies and tankers to hide the origin and destination of its oil cargoes. Even some American insurance and logistics companies have actually helped to transfer Iranian oil to China.

Referring to the conditions during the JCPOA period and then Trump’s withdrawal from it, National Interest noted: the escalation of hostilities between Israel and Iran has destroyed any point of commonality between the United States and the current Iranian government. We no longer live in the world of 2015, but some American policymakers pretend otherwise. Therefore, existing sanctions will remain ineffective until Washington prioritizes its implementation and allocates significant resources to it.

This American think tank stated that the macroeconomic trends of the past few years have been in Iran’s favor and added: According to the EIA report, there was a sharp increase in the average annual price of Iranian crude oil from $29 per barrel in 2020 to $84 in 2022 due to the Covid-19 pandemic. Since the United States has limited influence on oil prices, the increase in prices has allowed Iran to sell oil and earn more profit while the Biden administration fails to implement sanctions.

This report also assessed China’s influence on Iran’s oil industry as important and noted that Iran’s oil exports to China have quadrupled since 2019, from 308,000 barrels per day in that year to 1.2 million barrels in 2023. Iran’s exports to destinations outside of China, however, decreased sharply during this period.

The report emphasizes: The statistics show China’s increasing desire to circumvent US and European Union sanctions and coordinate with Iran in this regard. China has bought up to 89% of Iran’s oil exports depending on different months… It is no longer possible to separate China’s geopolitical interests from Iran.

Repeating the claim that the increase in oil revenues has contributed to Tehran’s support to the axis of resistance, Cohen wrote: Iran’s oil distribution logistics shows a global and worrisome development. China’s eagerness to buy large quantities of oil from Iran and Russia indicates a deeper geopolitical polarization that may lead to a global explosion. For most of the 20th century, these three superpowers saw each other as enemies, now united against the United States and its allies.

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