$BTC $BNB The US and Israel are ramping up pressure on Iran, with President Donald Trump and Prime Minister Benjamin Netanyahu agreeing to reduce Iran's oil exports to China, which accounts for over 80% of Iran's oil sales. This move could significantly impact Iran's oil revenue. The decision follows recent nuclear talks between the US and Iran, mediated by Oman, amid heightened tensions and a US naval presence in the region..
China's foreign ministry hasn't commented on the development, citing a Lunar New Year holiday. However, China has previously stated that normal international cooperation should be respected and protected..
The US and Israel have differing views on negotiating with Iran, with Trump open to a deal and Netanyahu skeptical. The situation remains fluid, with ongoing diplomatic efforts and military preparations ..
United States President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have solidified a strategy of “maximum pressure” against Iran, targeting the country’s vital oil exports to China, even as deep rifts emerge regarding the ultimate goal of the escalation.
According to a report by Axios, the two leaders agreed during a White House meeting last week to intensify economic strangleholds on Iran. The strategy relies heavily on a recent executive order signed by Trump, which empowers the imposition of a 25 percent tariff on any nation conducting business with Iran – a direct threat to China, which currently buys more than 80 percent of Iranian crude.
Diplomatic gamble
Despite the hawkish rhetoric, the Trump administration has kept the diplomatic channel open. On February 6, Oman hosted indirect negotiations between Washington and Tehran. That same evening, President Trump announced that a new round of talks would be held.
Now, US envoys Steve Witkoff and Jared Kushner are scheduled to meet Iranian officials in Geneva, Switzerland, on Tuesday for a second round of negotiations.
The US proposal reportedly includes a suspension of uranium enrichment for three to five years and the removal of 450kg (992 pounds) of highly enriched uranium from the country, according to the Axios report..
The situation remains fluid, with ongoing diplomatic efforts, including talks between US and Iranian diplomats through Omani mediators. A second round of negotiations is scheduled for Geneva. The US has positioned a naval flotilla in the region, preparing for potential sustained military operations against Iran..
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