Since when did sovereign nations need licenses to sell their own oil? (thelemmy.club)

submitted 2 weeks ago by inkblade@lemmygrad.ml to c/worldnews@lemmy.ml

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[-] kuiskaaja@lemmy.ml 13 points 2 weeks ago

and they make fun of brits for their licences lol

[-] inkblade@lemmygrad.ml 8 points 2 weeks ago

The lack of awareness is baffling

[-] unmagical@lemmy.ml 8 points 2 weeks ago

Re your title: They don't, never have. The US (Trump) decided they didn't want to buy Iranian oil and that no one else should be allowed to buy it either. The license was to let those US allies have the privilege of buying from both the US and all her allies AND from Iran. Now US allies can only buy from the US and her allies. Iran can sell to whomever they want as long as there's a buyer.

Note: "Allies" in this context is used very loosely as countries that are not actively sanctioned.