re: #321 Bubblehead II

re: #302 kirkspencer

Correct me if I am wrong, but from what I understand, the proposed embargo doesn’t prevent them from shipping it out if they have a buyer who will purchase it, it only asks other Countries not to buy it.

The Iranians on the other hand are saying if you get this embargo passed, nothing is going in/out through the Straights unless we allow it. Correct?

Embargo isn’t quite the right word. More properly it’s “sanctions”.

What the bill says (in simple, massively paraphrased) is that the US not only deal with Iran but will penalize anyone who deals with Iran. The penalties can go up to total economic denial - no trade, no license, etc. The big stick in there is that the US will shut down any credit or bank account as well. Not take the money, just stop it from being available.

So while your “what the US wants” is technically correct it, “asking” others not to partake is understating the case. We are still The Bank of the world, and we’re still the Number One Consumer of the world. Telling other nations that if they play with Iran they can’t play with us is a big deal.