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0 points_ptgt6y ago0 comments

>Not to get all political but I think it's pretty clear that the US is the only western country not liking Iran, and they use their influence to have the whole world obey US sanctions. You expecting OP to raise against their government? I say odds of succeeding are slimmer than storming Area 51.

This isn't exactly true. The EU is opposed to Iran's aggressive policies in the region (e.g. in Yemen, Syria, and now Hormuz) and its continued development of ballistic missile technology. They're just content with the 2015 nuclear deal as a starting point, whereas current US policy is not.

It's also worth noting that the EU disproportionately benefits from oil purchases from Iran relative to US so they have their own political self-interests factoring into their decision.

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goodcanadian6y ago

It's also worth noting that the EU disproportionately benefits from oil purchases from Iran relative to US so they have their own political self-interests factoring into their decision.

Oil is fungible. The EU only benefits disproportionately because the US refuses to do business with Iran.

_ptgtOP6y ago

Not exactly. There are varying costs to extracting and transporting oil depending on where it is sourced. It's estimated that American natural gas, for example, would be 20% more expensive than Russian natural gas through the Nordstream 2 pipeline -- even though natural gas is nominally fungible.

Furthermore, the US is net oil exporter in 2019 and Europe is notoriously dependent on imported oil due to lack of resources on the continent. Consequently, adding a large marginal foreign supplier has significantly different impacts on oil prices in the region.

gdy6y ago

So you think Iran will use ballistic missile against the EU because... what? Because Iran gets money from the EU in exchange for oil?

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