TRUMP FORCES THE WORLD TO BLOCK OIL FROM IRAN
On Monday (4/22), the Trump Administration announced full sanctions on all countries importing Iranian oil would be in effect next week on May 2. In announcing the decision, Secretary of State Mike Pompeo said:
"The goal remains simple: to deprive the outlaw regime of the funds it had used to destabilize the Middle East for four decades and incentivize Iran to behave like a normal country… We have made our demands very clear to the ayatollah and his cronies:
End your pursuit of nuclear weapons, stop testing and proliferating ballistic missiles, stop sponsoring and committing terrorism, halt the arbitrary detention of US citizens. Our pressure is aimed at ending these and others and it will continue to accelerate until Iran is willing to address them.”
China, India and Turkey can do little to resist Donald Trump’s extra-territorial sanctions against Iran. Why? Washington has established hegemonic control over global finance and the dollarized payments system.
The cost of defying the White House on a large scale is punitively high. A cell at the US Treasury called the Office of Foreign Assets Control – or simply OFAC to its victims – has perfected the art of economic strangulation through the global banking, insurance and shipping nexus.













