Saudi adviser: Sanctions unlikely to stop Iran exports completely

A tug boat moves cargo towards the Strait of Hormuz, in Musandam province, Oman, July 20, 2018. (REUTERS)
Updated 29 August 2018
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Saudi adviser: Sanctions unlikely to stop Iran exports completely

  • If Iran closes Strait of Hormuz, the UN Security Council is likely to authorize military action

STAVAGNER, NORWAY: Current US sanctions on Iran are unlikely to stop Iranian oil exports completely, a long-time adviser at Saudi Arabia’s Energy Ministry said on Tuesday, adding Iran would be unable to close the straits of Hormuz and Bab Al-Mandab even partially.
Speaking at an oil conference in the Norwegian city of Stavanger, Ibrahim Al-Muhanna said Iran would be the first to lose out on a move to block those major shipping routes and that any such action would trigger further sanctions on Iran.
Iran has said if it cannot sell its oil due to US pressure, then no other regional country will be allowed to do so either, threatening to block the Strait of Hormuz.
“The amount of oil going through the Strait of Hormuz is so large. There’s more than 18 million barrels a day, about two-thirds of world maritime oil trade. Meaning, cutting oil from there will lead to an acute oil shortage and prices will skyrocket,” Muhanna said.
“Is Iran able or willing to close completely, or even partially, the Strait of Hormuz or Bab Al-Mandab, or both? The answer is no, and a really big no ... Current sanctions are unlikely to stop Iranian exports completely.”
He said if Iran closes Strait of Hormuz, the UN Security Council is likely to authorize military action.
Earlier on Monday, Iran went to the UN highest court in a bid to have US sanctions lifted, calling the US move "naked economic aggression."
Iran filed the case with the International Court of Justice in July, claiming that sanctions the Trump administration imposed on May 8 breach a 1955 bilateral agreement known as the Treaty of Amity that regulates economic and consular ties between the two countries.
At hearings at The Hague, Tehran asked judges at the world court to urgently suspend the sanctions to protect Iranian interests while the case challenging their legality is being heard — a process that can take years.
US Secretary of State Mike Pompeo called the legal move an attempt by Tehran "to interfere with the sovereign rights of the US to take lawful actions, including re-imposition of sanctions.
US President Donald Trump pulled out of a 2015 pact between Iran and major world powers under which sanctions were lifted in return for Tehran accepting curbs on its nuclear program. The Trump administration then announced unilateral plans to restore sanctions against Tehran.


Libya seeks UN help as militia fighting kills 10

Updated 23 September 2018
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Libya seeks UN help as militia fighting kills 10

  • Libya’s internationally recognized government has called on the UN to take “concrete and effective” action to protect civilians and halt the fighting.

BENGHAZI: The latest bout of fighting between rival militias in the capital Tripoli has left 10 people dead.

The medical authorities said 59 people were also wounded when fighting erupted the previous day, taking the death toll to 106 since armed conflict first began there late last month. Friday’s fighting further strained a cease-fire that has been in force since Sept. 4. They said a total of 18 people remain missing.

Libya’s internationally recognized government has called on the UN to take “concrete and effective” action to protect civilians and halt the fighting. The Government of National Accord (GNA) called on the UN mission to “present the Security Council with the reality of the bloody events in Libya so that it can ... protect the lives and property of civilians”.

Libya slid into chaos after the 2011 uprising that overthrew longtime dictator Muammar Qaddafi and led to his death. It’s governed by rival authorities, based in Tripoli and the country’s east, each backed by an array of militias.