India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources

By | July 26, 2018

  • July 27, 2018 at 7:12 am
    PolarBeaRepeal says:
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    This is the tip of the iceberg as regards countries ending their oil purchases from Iran. This NEVER happened under the Obama regime, which, in fact, gave Iran $150B in CASH, to help it in its efforts to build nukes and support terrorist organizations.

    The implication is that oil will be purchased elsewhere, driving up the demand for the oil supply excluding Iran, resulting in higher oil costs. For the short term, this seems bad. But, in the long run, it will lead to a more stable Middle East after the radical Muslim regime is ousted and replaced by a more stable, peaceful government. At that point, oil embargoes on Iran can be lifted, and oil prices will drop accordingly. It’s a win-win for Trump. I’m not tired of winning. Maybe a bit bored. But not tired.



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