I remember this game, itâs called âstop hitting yourselfâ
#Trump admin lifts #sanctions on millions of barrels of #Iran #oil
â©As oil prices soar, the #Treasury Department has lifted sanctions on Iranian crude already loaded onto vessels â giving Iranâs war effort against the #US a boost.
#TrumpsWar #IllegalWar #law #Congress #WarPowers #geopolitics #MiddleEast #energy #economy
https://www.washingtonpost.com/business/2026/03/20/iran-oil-sanctions-trump/
As the cost of #oil continues to soar, the #Treasury Dept on Friday lifted #sanctions on 140 million barrels of Iranian crude already loaded onto vessels, which the #Trump admin says will help ease prices â but which is also likely to provide revenue for Iranâs #war effort.
â©The order to âunsanctionâ the #oil comes as #TrumpsWar in Iran has triggered a global #energy crunch, with the price of oil soaring more than 50% since the #US attacked #Iran late last month.
âŠthe action was met with bewilderment by many lawmakers & analysts, who said it will provide the #Iran regime a cash infusion as it actively tries to kill #US #soldiers on the battlefield.
â©âŠBrett Erickson, managing principal at Obsidian Risk Advisors, which specializes in financial crime & regulatory issues said, âYou donât unsanction Iranian oil if youâre winding down. This is the action of an administration that has no exit ramp and knows it. The word for that is desperation.â
Trump can reduce consumer oil prices within the US without enriching Iran or Russia. He can do two things he absolutely won't.
1. Issue a National Security EO requiring all domestic oil (produced, transported, refined) within the US to be sold within the US. Suspend all exports. 80-90% of oil and gas sold in the US are from the US. We also get oil from Canada.
2. (Discussed in the 1970s OPEC embargo) Trump can declare price/profit control of all domestic oil from wholesale to retail, cost + 3%, during his own-caused National Security emergency.
US consumers are paying global oil prices for domestic US-produced oil untouched by his stupid war. US oil corporations are profiting excessively by preying on US consumers for US oil while simultaneously getting American tax support and tax cuts from Trump's Big July 4, 2025 Tax Relief Bill for Billionaires. The US is a net exporter of oil. Force oil billionaires to give up profiteering. Trump can choose "the Forgotten American" or his Epstein class billionaire pals.
Additionally, Fertilizer is also primarily domestically or North American sourced. Canada is a main source of potash. The same Canada he's threatened.
@Nonilex The continued disruption of the oil sector, steers/churns more profit for LNG/fracking, of which the US is the world leader of.
The grift continues...
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