President Trump is no fan of high oil prices, knowing that pain at the gas pumps could cost him votes at the ballot box. But on Monday, Trump took a step that risks that very scenario.
Then there’s the upcoming summer driving season, which means higher demand for gas in the United States.
“China opposes the unilateral sanctions and so-called ‘long-arm jurisdictions‘ imposed by the U.S.,“ the country’s foreign ministry spokesman said Monday. “Our cooperation with Iran is open, transparent, lawful and legitimate, thus it should be respected. Our government is committed to upholding the legitimate rights and interests of Chinese companies and will play a positive and constructive role in upholding the stability of global energy market.
“I want the Iranian people to know that we are listening to them and standing with them,” the secretary of State said. He added that a decision to lift the sanctions will come once Iran‘s government stops its negative activities, such as its support for terrorism. The Iranian government has denounced the sanctions. But even as the economic penalties have badly hurt its economy, Tehran has stuck to its commitment under the nuclear deal to restrict its atomic activities in the hopes that European partners can help it weather the U.S. blows.
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