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Iranian Oil Will Not Be Stopped By Trump
November is approaching
The desire to slash Iranian oil exports comes as Washington follows through on President Donald Trump’s decision in May to quit the 2015 Iran nuclear deal, a move criticized by allies from Asia to Europe. In a briefing Tuesday, a State Department official said that while the administration wouldn’t rule out waivers or extensions to the November deadline – which Trump announced when he withdrew from the accord – it isn’t discussing them either.
Germany company BASF, along with two other German petrochemical firms, has expressed an interest in investing as much as $12 billion in Iran, according to Iranian press sources. Total, for its part, has said that it is still ready to go through with its plan, now worth $4.8 billion, to develop South Pars.
Germany thinks they are going to get around dealing with IRAN by working through CHINA.