October 22, 2018

US Is Negotiating With SWIFT To Disconnect Iran From Network

Treasury Secretary Steven Mnuchin said that unlike Obama's 2013 Iran blockade, it would be harder for countries to get waivers on Iran oil sanctions as the US is already working on disconnecting Iran from the SWIFT network and dismissed concerns that oil prices could rise, saying the market had already factored in the output losses.

Speaking in an interview with Reuters in Jerusalem on Sunday at the start of a Middle East trip, Mnuchin said countries would have to reduce their purchases of Iranian oil by more than the roughly 20% level they did from 2013 to 2015 to get waivers... Read more.

ZeroHedge

Related,
Mnuchin says it will be harder for Iran oil importers to get waivers - Reuters
Russia welcomes foreign banks to join its money transfer alternative to SWIFT - RT

'EU to invite Russia, China to join alternative payment network for Iran' - PressTV

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