business

As Trump pulls out of Iran deal, Asia grapples with impact on oil supplies

17 Comments
By Henning Gloystein, Jessica Resnick-Ault and Osamu Tsukimori

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Thomson Reuters 2018.

©2020 GPlusMedia Inc.

17 Comments
Login to comment

...depending on how many other countries fall in line with Washington.

Historically foolish. Trump is putting the dollar in danger.

5 ( +8 / -3 )

Trump is putting the dollar in danger.

There are more important things than oil prices and currency values.. Safety. Trusting Iran could be the most foolish thing anyone could do. Slap them with as many sanctions as possible.

-16 ( +2 / -18 )

Time for the EU and other signatories to the deal, (in fact, anyone who cares about keeping rogue nations in check) to put sanctions on American goods.

Trusting the US under Trump is playing with fire.

9 ( +11 / -2 )

Well last time, under Obama, sanctions were imposed on Iran, oil in particular, and Japan politely said NO, and was given an exemption. Japan will do the same. And draw ever closer to China.

2 ( +4 / -2 )

Haven't done Aus any favours. Mind you we are stupid for not investing more in oil extraction and recovery in this country. Being reliant on imports is dumb if you an avoid it.

Interesting to note, that economically, this may benefit the U.S and why?

https://www.eia.gov/energyexplained/index.php?page=oil_imports

The U.S doesn't import Iranian oil and is increasingly becoming an exporter.

https://www.cnbc.com/video/2018/05/08/closing-bell-exchange-us-oil-production-blunts-some-of-iran-impact.html

https://www.reuters.com/article/us-usa-oil-eia-outlook/u-s-crude-output-to-hit-12-million-bpd-in-late-2019-eia-idUSKBN1I92HT

-1 ( +1 / -2 )

Best all round if there's more investement in wind farms, geothermal energy, solar power, green hydropower etc.

Move away from fossil fuels, focus on electic cars and transport.

Then all this brinkmanship fades away and the world becomes a little bit safer and cleaner.

6 ( +7 / -1 )

Treasury Secretary Steve Mnuchin announced on Tuesday that Boeing’s license for plans to sell $20 billion worth of aircraft to Iran has been revoked.

Iran could - and very likely might - arrange for alternative Airbus planes financed by oil sales in Euros through government-backed banks able to withstand US pressure. And they will be internationally applauded for it. #MAGA

8 ( +8 / -0 )

Best all round if there's more investement in wind farms, geothermal energy, solar power, green hydropower etc.

Move away from fossil fuels, focus on electic cars and transport.

Then all this brinkmanship fades away and the world becomes a little bit safer and cleaner.

Looking forward to the day when renewable's play a more significant role in the energy mix, every day it increases, but you still need oil for plastics, yes? and you probably still need oil and petrol/gasoline for really taxing applications, like powering military vehicles, until battery technology approves a lot at least.

1 ( +3 / -2 )

Most likely, the European countries and Russia, China signatories with the Iran deal which could lead to a major conflict between them and the American gov't.

"According to the IAEA, the UN’s nuclear inspectors, Iran continues to comply with every part of the nuclear deal. “As of today, I can state that Iran is implementing its nuclear-related commitments,” IAEA Director General Yukiya Amano said on March 5."

Japan was previously excluded from Iranian sanctions and allowed to import low sulphur oil.

America and Israel have made numerous claims about attacking Iran, and both have atomic bombs.

I think Trump mostly didn't like the Iran deal because it was "an Obama one" and likewise, since Obama failed to denuclearize Korea, it would mean so much to Trump to achieve that.

"French President Macron said on Sunday that the US leaving the Iran deal “could mean war,” although he added that he doesn’t think Trump wants a conflict."

11 ( +11 / -0 )

Iran could - and very likely might - arrange for alternative Airbus planes

Another article on JT says that Iran's current orders for 100 Airbus planes may be affected by US sanctions because of their reliance on US made parts.

-1 ( +1 / -2 )

Democrats: we’re worried now. Republicans: we’re worried about the future. Such a big difference in train of thought. Iran, if not stopped, will be the North Korea of 2028.

-8 ( +0 / -8 )

Democrats: we’re worried now. Republicans: we’re worried about the future. Such a big difference in train of thought. Iran, if not stopped, will be the North Korea of 2028.

If Iran were not abiding by the agreement, then yes, but from what I have read, they are abiding by the agreement.

I can understand the concern about what happens beyond 2025, but then America brings in the issue of ballistic missiles, Yemen and Syria. The issue is Iran going nuclear and continue to work on their nuclear program and preventing that. That's the core issue yes?

These other issues should be part of a separate negotiations, that surely must involve the UAE and Saudi. As much as Iran may represent a threat to Israel and Sunni interests, Saudi Arabia, its allies and Israel also represent a threat to Iran. That's how they see it and it needs to recognized.

What I don't really know is whether Iran, Saudi, Israel etc are willing to do that or not. If Iran has said no to that process, then the case for what Trump has done becomes stronger. But is that the case? I mean if Saudi, Israel etc are not willing to negotiate, then perhaps you can see the reluctance of Iran wanting to play ball.

I just dont know what is going on behind the scenes, but on the face of it, at this point, it just seems like the U.S wanting to punish Iran over issues that aren't nuclear related.

5 ( +5 / -0 )

Can’t stand the SOB, but I made a killing loading up in leveraged oil futures and leverage DOW futures, long of course. Lemons to lemonade.

0 ( +0 / -0 )

I think Trump mostly didn't like the Iran deal because it was "an Obama one" 

Actually the reason he opposes it is because of the time limit conditions and the fact that it includes no provisions regarding Iran supported terrorist groups that Iran funds outside of its borders.

-8 ( +0 / -8 )

Hurt no the oil nor the wine... because one will affect the other. If we move over to renewable overnight... then the rest of the world does not have the resources (money) to develop. Trump is simply looking ahead at what the human population in the year 2600 will say about what we are doing in 2018. The Global Civil War occurs as a result of extreme economic disparity which leads into other disparity factors. Trump is smarter than most of you!

-4 ( +0 / -4 )

The so called nuclear (Obama) deal was just a 10 year resting period. It was a silent time to refine engineering skills and create some superb nuclear scientist, sitting pretty and waiting for the deadlines to end.

-4 ( +0 / -4 )

Once again Trump is set to damage the economy of Japan. It may not be his intention but it will be a direct result of his actions.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites