Barack Obama

"Landep News"

Barack Obama

The White House on Friday announced that the way for sanctions in Iran was clear because the cutoff of Iranian oil would not hurt the world economy. Barack Obama announced that there was enough supply of petroleum products from the other oil producing countries. The move allows the United States to move forward with sanctions that target financial institutions that are still doing business with Iran. The earlier legislation was setting Friday as the deadline to which it could block sanctions or go on with implementing them.
The president had until Friday to decide whether there was enough oil on the market to impose the sanctions without provoking a rise in the oil prize. The president was expected to make a statement on the matter on Friday.
Oil market have figured in recent weeks the possibility that a significant amount of oil be taken from the market as a result of the sanctions imposed on Iran. The Obama administration has hinted in recent weeks that the U.S. Strategic Petroleum Reserve could be used to calm the markets.
Once the administration has determined that there was enough oil to make sure that the allies of the United States do not have to suffer from the new sanctions, the United States are ready to move on against the Iranian central bank which is processing most of the oil purchase from Iran.
By this move, the United States are hoping to convince Iran to renounce its nuclear program and Israel to wait until the new sanctions have taken their toll before deciding to launch a military attack on Iranian nuclear facilities.
Iran has threatened to close the Strait of Hormuz if sanctions would be imposed on its oil transactions.
By the congressionally mandated sanctions, which are to take effect in June, by the time the European Union embargo on Iranian oil will, banks that do business with Iran will be sanctioned by not being in the position to do business with the American counterparts.
In order for countries to reduce the effect of the measures they must make sure that they reduce the imports from Iran. Most of the countries that buy from Iran are close friends of the United States, which complicated the decision-making process.
In order to create flexibility to countries that are friendly to the United States, the sanctions bill allows the U.S. to offer waivers to countries that reduce their imports of oil from Iran significantly.
New Jersey Democrat Senator Bob Menendez announced that by the measure adopted today all nations are made aware that unless they diminish the amount of petroleum and petroleum products they buy from Iran their financial institutions would be targeted by severe sanctions.
Most countries are expected to cut their imports of oil, some for fear of the sanctions, others because they understand that this is the only way to avoid the arming of Iran with a nuclear bomb.
It is believed that the United States would use different metrics for different countries since it has not mentioned what did it mean by reducing the imports of oil.
Meanwhile Iran has accepted to hold talks with the P5+1 group by April at a venue that is to be established. Iran would like them to be held in Istanbul, the capital of Turkey, while the Western countries and America would prefer an European capital over the Turkish city.
Turkish Prime Minister Recep Tayyip Erdogan on Thursday went to Tehran in a visit that was interpreted by many as a mediator mission, after he had met the president of the United States at the summit in Seoul, where the situation of Iran was discussed.
In Tehran, Erdogan expressed himself about the support Turkey had for the pursuit of nuclear energy for peaceful and civilian purposes only. Turkey and Iran have very different views on the Syrian conflict.
While the Ayatollah of Iran said during the meeting with Erdogan that his country would defend Syria because it is a line of defense against Zionism, Turkish Prime Minister Erdogan said that the will of the Syrian people should prevail on the matter.
Israeli daily Haaretz reports that Turkish government is ready to announce that the Syrian National Council is the only representative of the Syrian people Turkey would deal with. The move comes as a result of a meeting of the SNC in the Turkish Istanbul.
It is believed that Turkey is making preparations to set buffer zones at the border with Syria, inside the Syrian territory, which means that along the line the Turkish troops would clash with the Syrian ones and even with the Iranian officers in the field to assist Damascus.
This divergent attitude on Syria is said by the Israeli analysts to offer Erdogan the bargaining chip with Iran, which would have to choose between inspections of the International Atomic Energy Agency at its nuclear facilities and the lost of the close ally Syria.
Israel has threatened to execute air strikes against the known nuclear facilities in Iran, a move the United States is not ready to give the green light for. The American intelligence told the Israeli authorities that Iran had made no political decision to produce a nuclear bomb, even if they could acquire technology to do so.
The American stance is confirmed by the Russian intelligence, and was expressed by Russian foreign minister Sergei Lavrov, who said that an attack on Iran would have devastating repercussions for the entire region.
The American army warned that an attack on Iran would only slow the authorities in Tehran down, but would not shut the program down. Besides, many of the nuclear facilities are within mountains, which would make their destruction even more difficult.
In a meeting in Washington between Israeli PM Benyamin Netanyahu and U.S. president Barack Obama last month, Obama urged Israel to wait until sanctions took effect and produced results, while Israeli PM said that waiting for sanctions to take effect could be lethal if Iran reaches a point of no return in its nuclear program.
Israeli PM said that his country would wait a little longer but that this would not be for ever, and that the military attack was on the table as an option.

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