Friday, June 29, 2012

US blinks first on China/ Iran/ 'exemptions'...

"... The Obama administration announced Thursday that it will exempt China and Singapore from economic sanctions for the next 180 days because the two countries have significantly decreased their crude oil imports from Iran..."
when in reality,  and as the Leveretts pointed out;
"...(Reuters) - China's crude imports from Iran recovered in May to offset a first-quarter plunge in shipments to nearly half the annual average, after the two nations resolved a wrangle over the terms of annual oil sale contracts. ..." 

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