by Bharat Jhunjhunwala
Frontier | Oct 23, 2018
United States President Donald Trump has prohibited US Banks from undertaking receipts and payments with Iran beginning November 4th. Global trade in oil is mainly undertaken in US Dollars. The ships carrying crude oil are mostly insured by US companies. Trump wants to bring Iran to its knees by prohibiting US banks and insurers from participating in the trade of Iran oil and thereby strangulating its oil exports.Read More »
Journal of People 