One day after Trump announced he will withdraw the US from Obama’s landmark 2015 deal to curb Iran’s nuclear program while reinstating the “harshest of sanctions” on the Persian Gulf country, and giving US allies 180 days to extricate themselves from Iranian oil deals as it seeks to economically isolate and curb oil exports from the #3 OPEC producer, this is how the world and capital markets are reacting.

This following summary, prepared by Bloomberg, includes reactions from governments and companies in Europe and Asia, market impact and views from analysts.
EUROPEAN GOVT REACTIONS:
EUROPEAN COMPANY REACTIONS:
- Spain’s Cepsa will switch from Iran crude in event of sanctions
- Poland’s Lotos says Trump decision on Iran is “neutral” for co.
- Poland’s Orlen says its delivery terms are flexible
- Maersk CEO says fallout of Iran decision is unclear
- Serica looks at implications for North Sea Rhum field
- European cos that rushed into Iran now prepare to rush back out
- April 19: Total CEO to stop Iran project if no U.S. exemption
ASIAN GOVT REACTIONS:
ASIAN COMPANY REACTIONS:
- Indian refiners say they’ll look to keep paying Iran in euros
- Taiwan’s CPC watching crude prices closely on Iran sanctions
- Taiwan’s Formosa can replace Iran oil with other Mideast supply
- Fuji Oil says undecided on how to respond to U.S.- Iran sanctions
- Japan’s Jera says Iran sanctions impact may spread to LNG market
MARKET/PRODUCER/SUPPLY REACTIONS:
ANALYST VIEWS:
- EA: Saudi output to rise if Iran sanction losses significant
- Bernstein: Oil could rise toward $90 after move on Iran deal
- Orient: China may be cautious in opposing U.S.-Iran sanctions
- UBS: Iran oil exports may fall by 200k-500k b/d in next 6 months
- Barclays: Iran output seen unaffected in 2018 by Trump move
- Drewry: Sanctions on Iran may create space for shale exports
- “Disaster” for Asia if U.S. sanctions Iran condensate
- CICC: U.S. sanctions on Iran to keep Brent around $75- $80
- OANDO: Oil price volatility to continue on U.S. Iran deal exit
- EIG: U.S. exiting nuclear deal may remove 700K b/d of Iran oil
- MUFG: China may keep Iran crude imports despite U.S. sanctions
REACTION FROM WITHIN IRAN:
- Barbs, flag burning and despair: Iran reacts to U.S. deal exit
- Rouhani: Iran to Prepare for Enrichment if Needed After 3 Weeks
- Rouhani: Iran Can Achieve Benefits of JCPOA With 5 Countries
Source: Bloomberg
Duncan Idaho on Wed, 9th May 2018 6:53 pm
“Indian refiners say they’ll look to keep paying Iran in euros”
And so it begins——
twocats on Wed, 9th May 2018 7:14 pm
DI (nice – is that Dune) Yeah – that looked scary until you see:
saudi ready to mitigate.
https://www.bloomberg.com/news/articles/2018-05-08/saudi-arabia-ready-to-mitigate-impact-of-iran-oil-sanctions
though, the video section mentions Permian, Bakken, and SPR as if that is supposed to reassure us. If Iran drops back down to below 3 mbpd, a loss of about a million, that would be a tough ask for Saudi Arabia.
maybe trump is trying to scare up investment to frackers. or maybe its just john bolton and pompeo in his ear. they want to have a direct confrontation with iran – and the first step to getting that is to get rid of the deal.
Bloomer on Wed, 9th May 2018 11:16 pm
China will remain trade partners with Iran and benefit from its ample supply of crude at a discounted price.
European leaders have a tough choice to make. The Iran deal has worked and put a stop to the Iranian nuclear program. The US withdrawal from this program and the soon to come trade sanctions is a game changer. Likely scenario another bloody proxy war and more refugees flooding into Europe.To avoid this, Europe may break rank with uncle Sam and continue doing business as usual with Iran.
Cloggie on Thu, 10th May 2018 1:02 am
http://www.spiegel.de/politik/ausland/israel-meldet-raketenangriff-iran-soll-golanhoehen-aus-syrien-attackiert-haben-a-1207116.html
Israel attacks Iranian targets in Syria, allegedly in retalliation for Iranian missile attacks against the Golan.
http://www.spiegel.de/politik/deutschland/martin-schulz-mahnt-angela-merkel-auf-emmanuel-macron-zuzugehen-a-1207120.html
“Trumps is irrational”
Schultz, the socialist who lost the German election against Merkel, pleads again that Germany should accept the far-ranging proposals by Macron for deep European integration. During the election campaign Schultz had promoted the idea of “United States of Europe” by 2024.
Cloggie on Thu, 10th May 2018 1:11 am
https://twitter.com/LukeGromen/status/994015800368533504
Cloggie on Thu, 10th May 2018 4:11 am
Map overview Israeli strikes against Iranian targets in Syria:
https://tinyurl.com/y7eznrrf
No doubt these strikes are tied to the announcement by Trump to cancel the Iran deal.
It is time for a secret Eurasian conference between the EU, Russia and China on how we are going to deal with the Israeli-US-Saudi trouble makers and try to save the accord and en passant declare the US empire for over.
Davy on Thu, 10th May 2018 4:42 am
Simple as that neder? Your mind sees a secret Eurasian conference…lol. Conditions on the ground are less than clear.
“Did Putin Green-Light Tonight’s Massive Israeli Strikes On Syria?”
https://tinyurl.com/y95bn568
“Just off a 10-hour visit with Russian President Vladimir Putin in Moscow, and less than a day after Trump pulled out of the Iran nuclear deal, Israeli Prime Minister Benjamin Netanyahu said on Wednesday he doesn’t expect Russia to act against Israeli forces as they continue exchanging fire with Syria. It appears the meeting wrapped up at the very moments a major escalation began along the Golan Heights, with both Syria and Israel trading blame for an initial attack which quickly escalated into Israeli cruise missile launches and shelling on targets in southern Syria and notably, on Damascus itself.”
“As Reuters reported late in the day Wednesday, Netanyahu told reporters just before departing Moscow: “Given what is happening in Syria at this very moment, there is a need to ensure the continuation of military coordination between the Russian military and the Israel Defence Forces.” The Russians and Israelis coordinate their actions through a direct military hotline intended to avoid accidental clashes which could lead to escalation between the two countries.”
“Reuters also noted that Israel has not joined Western sanctions against Russia over the crisis in Ukraine and allegations that its intelligence services poisoned a Russian ex-spy in Britain.”
Dredd on Thu, 10th May 2018 5:16 am
US policy to have wars with as many as 7 nations was drafted by the Epigovernment (EG) decades ago.
Iran was on the list according to Gen. Clark (A Tale of Coup Cities – 2). see video
Trump is another puppet of the EG.
Cloggie on Thu, 10th May 2018 5:33 am
Conditions on the ground are less than clear.
Putin is not powerful enough to stop Israel from bombing Syria. What Israel and Russia do is avoiding accidents and Russian-Israeli clashes.
Your mind sees a secret Eurasian conference…lol.
You think that the empire is for ever? You seriously think that 330 million (220 Euro’s, 110 million non-whites, under control by 9 million Jews) can keep Eurasia (2B) under control for ever? Think again. You don’t understand the mood in Europe.
The media in Europe are strictly pro-West (read: pro-US empire). But they also want to prevent the Iran deal to fail and open the way for Iranian (and Saudi) nukes, a complete nightmare.
http://www.spiegel.de/politik/ausland/poker-mit-nordkorea-und-iran-donald-trump-ist-jetzt-ganz-er-selbst-analyse-a-1207119.html
I don’t think that Eurasia will follow the US in a sanctions regime. The media are afraid that the Trump buffoon will tell Europe: “it is either us or Iran”. If you refuse to cooperate we will put you under a sanctions regime.
That’s where Eurasia could come in if Trump really does that: call America’s bluff.
We don’t want a US-EU trade war, but if you start one, we will reciproque.
Actually we don’t need America that much. We have a giant Eurasian alternative…
https://documents1940.files.wordpress.com/2017/09/iron-silk-road.jpg?w=1100&h=710
…and a Russian nuclear power that impatiently wants to be let in into Europe.
This is the time for Europe to emancipate from the West and declare itself independent from the US… and quietly begin to hint to European Americans that there is a European way out from the ethno-murder on European-America as planned by (((Washington))).
#KickTheKike
Cloggie on Thu, 10th May 2018 5:44 am
…and 60/40 I think this is exactly Trump’s intention. He wants to blow up the US empire because he is a closet-white nationalist.
https://documents1940.wordpress.com/2018/04/23/donald-trump-understands-the-problem/
But regardless of Trump’s intentions, we Europeans should seize the opportunity and take a hike.
Davy on Thu, 10th May 2018 7:04 am
“Putin is not powerful enough to stop Israel from bombing Syria. What Israel and Russia do is avoiding accidents and Russian-Israeli clashes.”
BS, Putin could focus his anti-missle/aircraft assets against Isreal without much difficulty. You don’t like the idea of a Russian/Isreali connection because it messes with your preconceived arrangement.
You think that the empire is for ever? You seriously think that 330 million (220 Euro’s, 110 million non-whites, under control by 9 million Jews) can keep Eurasia (2B) under control for ever? Think again. You don’t understand the mood in Europe.
Did I say empire is forever? NO.
330MIL under control of 9MIL Jews
Nonsense, Jews have an oversize influence on certain areas of the US but in no way control things. This is yet another preconceived notion that must be made apparent for your puzzle to piece together. The problem with you neder is you have a abstract puzzle and it does not fit into reality.
“I don’t think that Eurasia will follow the US in a sanctions regime. The media are afraid that the Trump buffoon will tell Europe: “it is either us or Iran”. If you refuse to cooperate we will put you under a sanctions regime.”
Maybe not but most rational countries will avoid Iran or risk being a part of the US market. Besides this whole process is 6 months away and there are waivers.
“We don’t want a US-EU trade war, but if you start one, we will reciproque.”
If you don’t want a trade war then trade fairly. There are many hidden trade distortions especially in Europe and China.
“Actually we don’t need America that much. We have a giant Eurasian alternative…”
Sure you do, you just want it to not be so. We all need each other and you Eurasia in not unified as much as you like to believe it is. It is a mess and appears unlikely ever to be a unified region.
“This is the time for Europe to emancipate from the West and declare itself independent from the US…
It is independent from the US what are you talking about. You are allied with the US this means cooperation. The US does not tell Europe what to do anymore.
“and quietly begin to hint to European Americans that there is a European way out from the ethno-murder on European-America as planned by (((Washington))). #KickTheKike”
Nonsense that does not reflect reality.
Anonymouse1 on Thu, 10th May 2018 7:53 am
Couple things cloggen-yid.
One, you are not a ‘European’.
Two, the imbecilic commander-in-tweet is not in ‘charge’ of anything in the uS. The only thing he get to decide he what he is having for breakfast(maybe). His ‘intentions’ such as they are, are directed by others. And like all good spokesman-for-empire, the ‘don’ is all to happy to do Israel’s bidding. Its part of the job description, dumbass. Your stupid yid fable about the don being some sort of closet anti-globalist fell flat on its face long ago. Pathetic to see you still tying to lamely resurrect don-the-anti-globalist. An entity, that exists only within your mind.
BtW, asked this before, who are trying to convince here clogghraman? Besides the legally retarded and or mentally insane? exceptionalturd and the other handful of drooling, war-mongering retards here have always been on-board, whether you are here sticking up the place with your yid fertilizer or not.
MASTERMIND on Thu, 10th May 2018 8:15 am
Anonymouse1
Great points about Clogg..He is a retard who just finds any sort of fake news he can find online. To convince himself of anything he wants. And he thinks renewable s can produce oil. LOL
MASTERMIND on Thu, 10th May 2018 8:17 am
Permian Basin & Eagle Ford Shale from a Global Perspective -Art Berman 2018
https://www.scribd.com/document/378814319/Permian-Basin-Eagle-Ford-Shale-From-a-Global-Perspective-Art-Berman-2018#
Davy on Thu, 10th May 2018 8:21 am
Weasel, you upset? Your anger is showing. Are you upset because of personal failures? Are you upset because your message is irrelevant most of the time. Your above rant is hilarious for its content and style. BTW, where is your support network? Are you beginning to feel alone. I notice you and MM playing together a little. You guys are very similiar accept you are a Canadian rabid anti-American. mm is the American version. You both are stupid millennials and examples of why the world has not future.
Cloggie on Thu, 10th May 2018 8:21 am
Couple things cloggen-yid.
One, you are not a ‘European’.
No kidding! In your feverish mind I must be a “self-hating yid” then.
Interestingly, nobody except you has ever entertained the idea that I am a member of the Tribe. Usually I am called a Natzi, because I don’t fancy too much giving my country away to hostile Muslims. And you have never explained what leads you to think that I am a member of the Tribe. Not that you need any reason. Your “intuition” suffices, right? Reasoning is such a white thing to do, that’s not cool.
I could of course repeat what I have said before, namely that I am 100% Protestant Saxon-Dutch, with a lineage of over at least 400 years from the East of the Netherlands (“reserve Kraut”), but…
#YouCantFixStupid
If the “imbecilic POTUS” is in reality a puppet of TPTB, why then are the media, that instrument of the deep state, in a state of total uproar and are waging a war against “their puppet” 24/7?
Answer: he isn’t their puppet.
That’s the only explanation.
That is not to say that he is not under constant pressure of his environment (“The Swamp”) and every now and then has to throw a piece of red meat to the crocodiles in order to reduce the pressure. Like that insane but ineffective cruise missile attack against Syria, based on a non-event of which even our resident real sheeny millimind has admitted it was a false flag.
MASTERMIND on Thu, 10th May 2018 8:32 am
The Deep State First
http://davidstockmanscontracorner.com/the-deep-state-first-madness-on-both-ends-of-the-acela-corridor-part-1/
Trump has turned into a raging globalist NeoCon! He is swallowing the deep states dick like no other has ever before!
MASTERMIND on Thu, 10th May 2018 8:44 am
Is Capitalism a Threat to Democracy?
The idea that authoritarianism attracts workers harmed by the free market, which emerged when the Nazis were in power, has been making a comeback.
https://www.newyorker.com/magazine/2018/05/14/is-capitalism-a-threat-to-democracy
Cloggie on Thu, 10th May 2018 9:00 am
Trump has turned into a raging globalist NeoCon! He is swallowing the deep states dick like no other has ever before!
That’s what you hope, millikike.
But you won’t answer either why the media attack him constantly.
He is going to blow up the empire, neocon or no neocon:
https://www.youtube.com/watch?v=HkUK2k7Ffy0
I wouldn’t be surprised if he has an understanding with Xi and Trump about it. Why otherwise did Xi warn the Chinese population about an impending war, shortly after his meeting with Trump?
https://www.youtube.com/watch?v=fR57kiKvJEI
Eurasia has enough of ZOG and we are meanwhile strong enough to defeat you militarily. You may have a lot of hardware, but most of it is useless anyway in the era of the hyper-sonic missile. And your morale we have studied in detail in Vietnam, Afghanistan, Iraq and Syria and nobody is impressed. Can your 18 year old soldiers even read the instruction manual of their own weapons?
Now go attack Iran and wait to see what happens next.
BobInget on Thu, 10th May 2018 9:09 am
https://news.google.com/news/search/section/q/Iran%2FIsrael%20war/Iran%2FIsrael%20war?hl=en&gl=US&ned=us
That Israel, Saudi Arabia, declared war
on Iran seems to have gone almost w/o notice here. President Trump just green lighted Israel.. following;
https://www.haaretz.com/middle-east-news/iran/live-updates-revolutionary-guards-eu-can-t-save-iran-nuclear-deal-1.6072645
Cloggie types love this shit.
Welcome to WW last
MASTERMIND on Thu, 10th May 2018 9:14 am
Clogg
Half of the media doesn’t attack him and praises him constantly for no good reason. The largest watched cable news network Fox. The largest newspaper in America WSJ. And 97 percent of All talk radio…And you have the internet now with Breitbart and Alex Jones. So I could ask you the oppiste question. Why does the media praise him for no good reason?
Antius on Thu, 10th May 2018 9:17 am
These Three Billionaires Paved Way For Trump’s Iran Deal Withdrawal:
“Indeed, today’s unpopular announcement may have been exactly what two of Trump’s biggest donors, Sheldon Adelson and Bernard Marcus, and what one of his biggest inaugural supporters, Paul Singer, paid for when they threw their financial weight behind Trump. Marcus and Adelson, who are also board members of the Likudist Republican Jewish Coalition, have already received substantial returns on their investment: total alignment by the U.S. behind Israel, next week’s move of the U.S. embassy in Israel to Jerusalem, and the official dropping of “occupied territories” to describe the West Bank and East Jerusalem”
https://fpif.org/these-three-billionaires-paved-way-for-trumps-iran-deal-withdrawal/
So much for Trump standing up to the Neo-con deep state. He is in their pocket.
MASTERMIND on Thu, 10th May 2018 9:17 am
Clogg
Trump is some anti globalist..he hired for his treasury a jew from Goldman sachs, the US’s largest multinational bank. He hired the former CEO of Exxxon the largest US multinational corporation. He hired the wife of Amway Betsy DeVos, another major US multinational corporation for his sec of education. And over 7k lobbyist worked on his tax cut for the rich….
It’s hard to drain the swamp when you are knee deep in alligators!
Cloggie on Thu, 10th May 2018 9:22 am
There you go…
http://www.spiegel.de/politik/ausland/heiko-maas-und-sergej-lawrow-bekennen-sich-zu-iran-abkommen-a-1207153.html
I despise Merkel but her adjudant Maas I despise even more. Yet he visited Moscow today and what is the outcome?
Both Maas and Lavrov support the Iran deal.
Paris-Berlin-Moscow, here we come:
http://www.paris-berlin-moscou.org/construction.html
https://www.amazon.fr/Paris-Berlin-Moscou-voie-lind%C3%A9pendance-Henri-Grossouvre/dp/2825116777/ref=sr_1_1
MASTERMIND on Thu, 10th May 2018 9:23 am
Antius
Trump loves that kosher dick. He gave his daughter away to a jew. And his MAGA hats are made in China. Now that the Deep state has their tax cuts and increased military funding. I wouldnt be surprised if they bring him down somehow. I mean just totally play his stupid ass like a fiddle.
MASTERMIND on Thu, 10th May 2018 9:25 am
Hey clogg
Tell me again how offshore wind is going to produce oil to make up for conventional oil production declining?
Cloggie on Thu, 10th May 2018 9:25 am
It’s hard to drain the swamp when you are knee deep in alligators!
I agree on that one.
https://www.haaretz.com/us-news/billy-graham-nixon-and-anti-semitism-the-bombshell-tapes-1.5844419
Cloggie on Thu, 10th May 2018 9:26 am
Tell me again how offshore wind is going to produce oil to make up for conventional oil production declining?
One kWh at a time, that’s how.
Questions?
Cloggie on Thu, 10th May 2018 9:42 am
http://toqonline.com/archives/v4n4/TOQv4n4OMeara.pdf
Best American article I have read in 20 years. I had a printed version of it on my nightstand in the five years I was living in Leiden in the Netherlands.
It is all going to happen now.
MASTERMIND on Thu, 10th May 2018 9:48 am
Clogg
Its never going to happen. And when you come to realize it you will either go insane or kill yourself…I hope its the latter. the world doesn’t need any more people who are not open and tolerant of others. You need to find a girlfriend. But i doubt any woman would want to date a crazy, paranoid, nazi, neckbeard like you…
MASTERMIND on Thu, 10th May 2018 9:49 am
CLogg
You dodged my question. How is offshore wind going to produce oil?
joe on Thu, 10th May 2018 9:54 am
Whatever about reaction. We must consider the context of these events. The coup in Saudi Arabia, the failed coup attempt in Turkey, the toppling of Gaddafi, the toppling of several Arab goverments (aka Arab Spring), the use of social media to control events, the timing of announcements, the missing 25 minutes of the Abbotabad attack footage and a missing body. There is somthing else at play, somthing we are not meant to see. The real war, seperate incidents are seen on their own, out of context, then forgotten. The phase of geopolitics in which we reside is a particularly precarious phase. In peak oil context things seem clearer.
They know oil won’t last forever, they know global growth is sluggish and weak, and we are at the start of a downward sprial due to rising third world population, numbers of whites and christians thanks to abortions, so the world is going to become poorer and blacker and more violent. From Chicago, Detroit to London and Paris, non-coloureds are the minority who walk in fear. The system is spinning out of control and world events will lead to calamity. There MUST be a war to reduce population and abandon the elderly. 10,000 baby boomers a day for the next ten years will retire. They will take with them their skills, productivity and they will become burdens and drags on society. Western medicine has solved the long life, not the youthful one. With lower productivity and higher inputs costs, political figures will become much worse than Trump. This is only the begining.
Cloggie on Thu, 10th May 2018 9:56 am
You dodged my question. How is offshore wind going to produce oil?
Not.
No need to.
Oil may have been brought to prominence by Americans, but that doesn’t mean that oil is the only way to power a society. Solar and wind power –> electricity –> hydro/hydrogen storage.
https://deepresource.wordpress.com/2017/06/11/unconventional-pumped-hydro-storage/
https://deepresource.wordpress.com/2017/12/28/700-mw-renewable-hydrogen-plant-to-be-built-in-france/
But that may be all too difficult for you. Leave it to your scientific and technological masters in Europe to figure things out.
https://documents1940.wordpress.com/2017/09/26/origin-scientific-accomplishments/
You just saddle your horse, you go left, I go right and we’ll cut them off at the pass.
Heeeeeeehaaaaaaw!
Cloggie on Thu, 10th May 2018 10:03 am
Here the very same German foreign minister Maas in Zwickau in Eat-Germany, where he has to run for his life, chased out of town by angry Germans, who despise him for his immigration policies:
https://www.youtube.com/watch?v=Z6WS-CJINh0
He knows he won’t be able to sick Germany in a war against Iran, let alone against Russia. If the Gulf will go up in flames, Europe will be 100% dependent on Russia and Maas knows it.LOL
http://www.dw.com/en/iran-deal-crisis-triggers-rare-show-of-unity-between-moscow-and-berlin/a-43731641
We are very near the end of the West, thank God.
Long live the North and the White Race!
https://cdn.counter-currents.com/wp-content/uploads/2011/08/pbm_globe_pf.jpg
joe on Thu, 10th May 2018 10:04 am
Looks like the US is a deepstate tool and Europe is going to turn muslim at some point. Not too worried about that geopolitical nightmare. In fact the world could probobly do with allot less energy around at this point…..
joe on Thu, 10th May 2018 10:17 am
“The Turkish leader criticised Trump, stating “you should respect an agreement that you have signed” and said the reimposition of sanctions on Iran was a move the world can ill afford.
“The United States might gain some certain positivity out of the withdrawal…or the rising oil prices, but many of the countries in poverty will be hit even harder and deeper,” he warned.
Erdogan also cautioned that the decision would be detrimental to the US in the long run: “…in my view, the US would be the ones to lose. Iran will never compromise on this agreement, and will abide by this agreement to the end … that’s what I think. However, the US will lose in the end.”
The president also appealed to the US to reverse its decision to move its embassy from Tel Aviv to Jerusalem ahead of the official opening on Monday, stating that the resolution was a “huge mistake”.
He argued that the US was only damaging itself through its recognition of Jerusalem as the capital of Israel, claiming the move had isolated it from the international community at the UN when 128 countries condemned the decision, with only nine backing it.”
Interesting comments from the dictator of Turkey with 3,000,000 Syrians in his country begging to be allowed to travel to Europe…
“https://www.middleeastmonitor.com/20180510-erdogan-trump-declared-economic-war-by-cancelling-iran-deal/”
Cloggie on Thu, 10th May 2018 10:23 am
Majority of the Germans want rapprochement with Russia:
https://www.welt.de/politik/ausland/article174648662/WELT-Trend-Mehrheit-der-Deutschen-wuenscht-politische-Annaeherung-an-Russland.html
Europe is going to turn muslim at some point.
Absolute BS. 700 million Europeans from Ireland to the Ural mountains, among them 44 million Muslims, many of them living in segregated areas like the Caucasus. Populism is mightily on the rise because of it. There will be no Islamic takeover. Instead they are going to be thrown out for a fourth time, after the now immanent end of the US empire.
Cloggie on Thu, 10th May 2018 10:25 am
https://documents1940.wordpress.com/2018/03/18/ww3-to-terminate-the-us-empire-aka-the-west/
“WW3 to Terminate the US Empire aka the West?”
MASTERMIND on Thu, 10th May 2018 10:35 am
Oil at $100 Is a Possibility Next Year, Bank of America Says
https://www.bloomberg.com/news/articles/2018-05-10/oil-at-100-is-a-possibility-next-year-bank-of-america-says