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He may also impose sanctions on foreign financial institutions, engaging in certain transactions with Iran's Central Bank and other Iranian financial institutions named by the Treasury Secretary to be included in the Department's List of Specially Designated Nationals and Blocked Persons (its SDN List).
On March 30, The New York Times headlined, "Obama Finds Oil in Markets Is Sufficient to Sideline Iran," saying:
"After careful analysis," Obama claims enough world oil around to make up for reduced Iranian exports. He lied. Nothing he says is credible, including about an alleged Iranian nuclear threat. Political Washington knows none whatever exists or that replacing Iran's oil is possible.
America may affect perceptions but not reality. Iran's oil exports won't be affected enough to matter. Either way, other nations can't compensate for more than small amounts lost.
Nonetheless, Iranian oil importers were told they have until mid-year to find other sources or face "imposition of severe sanctions on their financial institutions," according to sanctions law co-author Senator Robert Menendez (D-NJ).
Scoundrel Media Support
Major US media scoundrels march in lockstep with Washington. Because of its global reach and influence, The New York Times has special weight. Serving as a voice for wealth and power, "All The News (it claims) Fit to Print" is best avoided to be well informed. The same goes for the Washington Post, another influential broadsheet.
The NY Times eXaminer (nyexaminer.com) serves as "An antidote to the 'paper of record.' " It offers a valued service doing it.
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