Enough supply of petroleum for countries to cut oil import from Iran: Trump
Washington, Nov 1 : President Donald Trump said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products for countries to "significantly" reduce their purchase of crude oil from Iran, which is going face US sanctions from November 5.
In May, Trump had pulled out of the 2015 landmark nuclear deal, the Joint Comprehensive Plan of Action (JCPOA) terming it as "disastrous". Under the Obama-era deal, involving five permanent members of the United Nations Security Council and Germany, Iran had agreed to stop its nuclear programme in exchange of relief from economic sanctions.
Moments after coming out the deal Trump had signed fresh set of sanctions against Iran and warned countries against any cooperation with Tehran on its controversial nuclear weapons programme.
In his presidential determination, Trump said "there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions."
Trump's presidential determination, not an executive order but a kind of directive issued by the White House to the members of his adminstration on some policy matters, comes less than 100 hours before the deadline set by him for countries like India to bring its purchase of oil to zero from Iran by November 4.
India has expressed its difficulties in doing so given the galloping energy needs of its 1.3 billion people. More than 80 per cent of India's energy needs are imported. But at the same time, India has taken steps to reduce its oil purchase from Iran, which has already declined substantially.
Recently, senior US officials were in India for talks in this regard. However, US officials are tightlipped on the issue.
The White House also did not immediately responded to question if India's oil purchase reductions from Iran would be considered significant. Trump said he will continue to monitor the situation.
Secretary of State Mike Pompeo on Wednesday said, on the Laura Ingraham Show, that on November 5, the US will put back in place sanctions that will be very severe on the leadership of Iran. He hoped that this will convince them to change their ways.
Pompeo, on the another show, said that Iran was the world's largest state sponsor of terror. "They were squandering the people's money, the Iranian people's money, on these silly malign activities. And our effort is to get them to change that behaviour".
State Department Deputy Spokesperson Robert Paladino told reporters that on November 5, at 12:01, sanctions that were lifted under the Iran nuclear deal will come back into full effect.
"The sanctions that are reimposed on November 5th will target critical sectors of Iran's economy, such as energy, shipping and the ship-building sectors, as well as the provision of insurance and transactions involving the Central Bank of Iran and designated Iranian financial institutions," Paladino said.
The Iranian regime is the world's leading state sponsor of terror, and these sanctions are meant to cut off revenues that the Iranian regime uses to conduct terrorism and fund terrorist groups around the world, and that includes Lebanese Hizbollah, Hamas, Kata'ib Hizballah and the Taliban, he added.
"These groups foment global instability, they use these funds to support their nuclear and ballistic missile programs, and these funds are used to line corrupt Iranian leaders' pockets rather than help the Iranian people, who are the longest-suffering victims," Paladino said.
Meanwhile, in its report dated October 29, the independent CRS said India reduced its imports of Iranian oil substantially after 2011, lowering purchases to six per cent of its oil imports by 2013, from over 16 per cent in 2008, in the process incurring significant costs to retrofit refineries that were handling Iranian crude.
"However, since sanctions were eased, India's oil imports from Iran increased to as much as 800,000 bpd in July 2018 well above 2011 levels. Indian firms ended or slowed work on investments in Iranian oil and gas fields during 2012-2016, but reportedly resumed work after sanctions were lifted," it said.
After international sanctions were lifted, India reportedly also paid Iran the USD6.5 billion it owed for oil purchased during 2012-2016.
"The degree to which Indian firms and the government of India will cooperate with reimposed US sanctions is not certain. Indian leaders assert that Iran did not violate the JCPOA and sanctions should not be reimposed on it," the Congressional Research Service (CRS) report said.
In June 2018, India and Iran agreed to use the rupee in order to maintain economic engagement. Nonetheless, major Indian refiners Reliance Ltd. and Indian Oil Corporation Limited - citing a decision by the State Bank of India to cease transactions with Iran as complicating efforts to stay engaged with Iran - have announced they are considering cutting oil buys from Iran.
"India's purchases of Iranian oil fell sharply from July to August 2018, and press reports say that the country might try to cut Iranian oil imports dramatically in November 2018, when US energy sanctions go back into effect," the CRS report said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
AIITA welcomes Karnataka’s ban on obscene songs in school events
Bhatkal: The Karnataka unit of the All India Ideal Teachers Association (AIITA) has welcomed the Karnataka government’s decision to strictly ban school children from dancing to obscene songs during educational and cultural programmes in government, aided, and private schools across the state.
AIITA Karnataka State President M. R. Manvi congratulated the government for taking what he termed an important step to preserve the sanctity of education.
“Such decisions to safeguard the dignity of school children and uphold the values of education are the need of the hour. This rule should not be limited to government schools alone but must be strictly implemented in all private educational institutions as well,” he said.
He further urged the government to address other concerns within school programmes.
“The government should not only prohibit obscene dances in the name of school anniversaries, but also ensure that plays and dialogues that incite religious hatred are avoided. Schools should be centres of harmony, not platforms for spreading hatred,” he added.
According to a recent circular issued by the Department of School Education and Literacy, obscene dances are adversely affecting the mental health and moral values of students.
In this regard, schools have been advised to use songs that promote nationalism, positive thinking, the greatness of Kannada culture, and value-based traditions instead of inappropriate content during programmes.
The circular also emphasises that students should be dressed in decent attire.
AIITA also backed the department’s warning that disciplinary action would be taken against head teachers if such guidelines are violated. The association has further demanded that district Deputy Directors of Public Instruction strictly monitor the implementation of these rules.
