It was nice knowing you - The Apocalypse and Daniel

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De-dollarization?

An article about de-dollarization.

https://www.strategic-culture.org/news/2019/07/04/goodbye-dollar-it-was-nice-knowing-you/

INSTEX is the Instrument in Support of Trade Exchanges and it permits companies in Europe to do business with countries like Iran, avoiding American sanctions by trading outside the SWIFT system, which is dollar denominated and de facto controlled by the US Treasury.

Not pleased at all

This will not please Sigal P. Mandelker, who is an American (Israeli dual citizen born in Israel) lawyer and government official who currently serves as Under Secretary of the Treasury for Terrorism and Financial Intelligence. Mandelker also served as the Acting United States Deputy Secretary of the Treasury from 2017-2018.

British Marines Seize Iranian Supertanker

https://time.com/5620664/british-marines-oil-tanker-iran/

A British Royal Navy ship (L) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4, 2019. JORGE GUERRERO—AFP/Getty Images — A British Royal Navy ship (L) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4, 2019.
JORGE GUERRERO—AFP/Getty Images

Iran fury as Royal Marines seize tanker suspected of carrying oil to Syria

Iran summons UK ambassador over incident off Gibraltar as tensions escalate over nuclear deal

https://www.theguardian.com/world/2019/jul/04/royal-marines-gibraltar-tanker-oil-syria-eu-sanctions

An image issued by the Ministry of Defence of the supertanker Grace 1, believed to be carrying 2m barrels of crude oil. Photograph: MoD/PA — An image issued by the Ministry of Defense of the supertanker Grace 1, believed to be carrying 2m barrels of crude oil. Photograph: MoD/PA

Posted on July 5, 2019