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IPFS News Link • Oil

With Assad Victorious, US Oil Sanctions Now Strangle Entire Syrian Population

• https://www.zerohedge.com,

Damascus even during some of the worst years of war was always a bustling traffic-packed economic center for its six million inhabitants, but as we noted previously the country has been plunged into a fuel crisis that is the result of new US-led oil sanctions targeting Damascus and Tehran. As one recent WSJ report put itIranian oil deliveries to Syria have "fallen off a cliff" since January.

"Lifeless" and "decimated economy" are words used to describe the Syrian capital city and home to Assad in a new Bloomberg piece (which appeared just as busy as most any global cosmopolitan center only months ago), as further "traffic is light" and "morale is down," according to the report.

"Waiting 19 hours for gas in a lifeless city" — the headlines read. The ongoing weeks-long crisis has now been made especially worse after the Trump administration this week ended embargo exemptions for eight countries allowed to purchase Iranian crude.

"Lines of cars stretching for miles wait hours to fill their tanks with the 20 liters of gasoline that Syrians in government-controlled areas are allowed every five days," Bloomberg describes. "The last shipment of oil from Iran, which was sending up to 3 million barrels a month, came in October before sanctions were resumed."

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