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Rachel Ziember — Sonic AI
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Rachel Ziember
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Rachel Ziember
Person · Business
6
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6
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(6)
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Geopolitics
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The U.S. government allowed sanctions on Russian oil to lapse in recent days, largely because China was the main purchaser.
Expert perspective
Rachel Ziember
Apr 14
A potential U.S. blockade of Iranian oil could increase total oil outages from the Persian Gulf region from 10-11 million barrels per day to approximately 13 million barrels per day.
Speculative
Rachel Ziember
Apr 14
To bypass the U.S. financial system, Iran prefers to be paid for its oil in cryptocurrency, Chinese renminbi, or other non-dollar assets.
Expert perspective
Rachel Ziember
Apr 14
A successful U.S. blockade on Iran could remove an additional 2 million barrels per day of oil from the market, which was primarily destined for China.
Speculative
Rachel Ziember
Apr 14
The U.S. government hopes its blockade strategy will compel Iran to return to negotiations and make further concessions.
Expert perspective
Rachel Ziember
Apr 14
China has served as the primary buyer for sanctioned Iranian and Russian crude oil.
Expert perspective
Rachel Ziember
Apr 14
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