U.S. sanctions on the Islamic Republic of Iran soon to be implemented; secondary sanctions on states that trade with Iran to begin November 4, 2018. So: Eurasian state and commercial-logistical actors scramble to consolidate independent energy production and distribution hubs. Unintended consequences:
(a) Decline of petrodollar develops apace,
(b) Eurasia rises.
In a story reproduced in zerohedge.com titled De-Dollarization: Chinese Refiner Replaces US Imports With Iranian Crude, someone, we know not who, writes:
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports cited an official from the refiner, Dongming Petrochemical Group, as saying.
The original financialtribune.com title is Refiner in China Replacing US Imports With Iranian Crude.
In story titled Russia Plans $50 Billion Investment In Iran’s Oil, Gas Industry, Tsvetana Paraskova writes:
Russia is getting ready to invest US$50 billion in Iran’s oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible.
Draw your own conclusions,
dr. g.v. wilkes iv