U.S. pressures East Asia to hold sanctions on oil

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  • #20968
    Anonymous
    Guest

    I agree with your review of this article. The other part of this U.S. foreign policy initiative is that the Obama administratiion passed legislation (on New Year's Eve) that would penalize foreign firms that do business with Iran's central bank, which handles all of its oil revenues. This law was a unilateral move on the part of the U.S., yet it expects Asian countries to comply. Perhaps a better approach would have been to seek the support of some key Asian nations before enacting such legislation. One of Obama's advisers should have pointed out that the U.S. can't boss other countries, like China and Japan, around like it has done historically. Clearly, many foreign firms will "violate" this U.S. law and the Obama administration will be put in a precarious position: penalize those firms and risk alienating countries like China, Japan, and South Korea, or admit that the law has no teeth and is difficult, if not impossible to enforce. The U.S. might even consider how it might react if it were asked to stop importing oil from Saudi Arabia right now because they offended China or were pursuing a uranium-enrichment program. I think we all know what the U.S. response would be. We should expect no less from our Asian neighbors.

    #3582
    Rob_Hugo@PortNW
    Keymaster

    I just read an article in the L.A. Times which explains the current situation and tension U.S. has with Iran. The Obama Administration is pressuring Iran to abandon their nuclear weapons production. As a result, the government is pressing East Asian countries to place sanctions on oil imports with Iran. Since China, Japan, and South Korea largely depend on oil imports, it is difficult for them to stop imports from Iran. The article mentioned that China's Foreign Ministry spokesperson Hong Lei does not approve of sanctions as a means to stop Iran from producing nuclear weapons. He argues there should be no link between trade and Iran's nuclear production. After the earthquake and Tsunami which hit Japan last March, Japan is the largest importer of natural gas and the third largest importer of oil. 9% of Japan's oil production comes from Iran and 10% of South Korea's oil comes from Iran as well. It seems as if both Japan and South Korea will ask the U.S. from exemptions from the oil embargo with Iran.

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