Former Turkish parliamentarian: Turkey’s economy fears US sanctions
Former Turkish parliamentarian: Turkey’s economy fears US sanctions
Washington – NPA
Turkey rejects the commitment of ending Washington the exemptions of sanctions, regarding those dealing with Iran, which is a new reason that will deepen the crises that face the Turkish-American relations. According to a former Turkish parliamentarian, Ikan Erdemir.
“The Turkish and Chinese companies, that refuse to cooperate with the US sanctions, face the threat of sanctions and exclusion from the US financial system, if they buy new shipments of Iranian oil,” Erdemir told North Press.
“What confirms the US administration’s seriousness, is its direct responses to the Turkish , Chinese or Iranian threats, on opposing sanctions, as the United States warned Iran of using force, in case of closing the Strait Hormuz.” He added
China and Turkey are likely to step back in dealing with Iran , as Erdemir says, for China nowadays is trying to reach trade deals with the United States, and Turkey’s economy will not be able to face the sanctions.
Nevertheless, he also sees oil markets and its frightening prices, with the neutralization of Libya and Venezuela’s oil, because of the crises, could make the administration extends the exceptions to some countries, yet, it is no more than speculation.
As for the Turkish-Iranian relationship, Erdemir sees that Turkey’s relations are based on interests, furthermore, the nature of the ruling party in Turkey and Iran is very similar, and both depend on “political Islam” to pass on their messages.
Erdemir sees that the crisis between Turkey and America is more than the crisis of the S-400 , to the disputes over Syria.
“Today, we see Turkish opposition, not a new one, to the US sanctions against Iran.”
Despite President Trump’s interest in keeping oil prices low, because its rise impacts the US economy negatively, the US administration desires to bring Iran’s oil exports down to zero, after Iran has lost billions of dollars in oil revenue, since the US started the sanctions.
The US decision to end exempting Iran from oil sanctions, led to the neutralization of about one million bpd of Iranian oil from the market, at a time when oil supply witnesses scarcity and rise of price, due to the crises in Libya and Venezuela, where oil prices rose to their highest levels since last autumn.