refiners pay for their feedstock. Legal and Trade Barriers Since the Iranian Revolution and the subsequent hostage crisis, the United States has maintained a strict embargo on Iranian oil.
How Iranian Crude Oil Reaches United States Refiners Despite Sanctions
Consequently, American refineries do not source feedstock directly from fields in the Persian Gulf. Global Supply Chains The crude oil market is a globally integrated system where crude is relatively fungible.
This prohibition is enforced by the Office of Foreign Assets Control, which makes it illegal for U. Indirect Market Influence While the U.
How US Refiners Access Iranian Crude Despite Sanctions
This legal wall is designed to isolate the Iranian economy and curb its nuclear and military ambitions, effectively cutting off a straightforward supply chain. Understanding this dynamic requires looking at the legal framework, the mechanics of the sanctions, and the indirect ways energy from the region reaches the U.
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