By Micah Halpern
I've Been Thinking:
Iran and Afghanistan have just signed a gasoline and jet fuel deal that will begin next week.
According to the deal, Iran promises to provide 1 million tons of gasoline and jet fuel to Afghanistan.
This agreement is very significant - it proves what I have been saying for at least 18 months: Iran is not suffering from sanctions.
Common knowledge was that Iran produced oil, but still needed to import 45% of its gasoline. That number was then reduced to 30%.
And now Iran exports oil. Iran refines oil and has plenty left over to sell.
Those who thought that sanctions would cripple Iran because they did not have gas were simply wrong. The sanctions motivated Iran. They updated and built new refineries. And because Afghanistan borders
Iran it will be easy to transport the gasoline.
Once again, proof of just how good Iran is at playing this game.
Micah@MicahHalpern.com
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