"Foreign Policy" magazine , the US warned of the economic and political risks involved US President Donald Trump 's decision to suspend the exemptions on Iranian oil granted to India and the import of China , Taiwan , South Korea, Turkey, Japan, Greece and Italy. 

The newspaper revealed that the majority of analysts expected the direction of Washington to cancel the majority of exemptions because of the fact that oil prices are relatively high, and the possibility of rising more if Iran preventedOf the supply of more than one million barrels of oil a day, coinciding with the beginning of the summer in the United States, which is high demand for fuel. In contrast, the magazine showed that a large number of these surprised the speed of the US administration in the decision-making, pointing out that it is reluctant that officials in the US administration informed the countries granted exemptions waiting for renewal.

China, which has not fully complied with Washington's demands to stop buying Iranian crude oil, confirmed yesterday that the two countries are buying about one million barrels of Iranian oil a day. Its commercial relationship with Tehran is "legal". 

"The US decision is tantamount to announcing the end of the OPEC production agreement," said Matthew Reid, deputy director of oil consulting firm Foreign Resources. "OPEC members can not commit to cutting output by 1.2 million bpd and to compensate for Iran's 1 million barrels," Reid said.

In turn, the magazine expected oil markets to remain in a state of confusion, even as Saudi Arabia or major oil producing countries raise their production to compensate for the loss of the US decision and keep prices stable. In this regard, the magazine confirmed the existence of differences between the qualities of oil, explaining that Iranian oil, which is needed by a large number of refineries, is characterized as heavy. The magazine warned that the ability of Saudi Arabia and OPEC to compensate would be limited if the world oil supply is affected by a serious or unexpected event, in light of developments in Libya and Venezuela. 

The magazine warned that relations between Washington, Germany, France and the United Kingdom were strained as it reached a mechanism for trade with Iran, following Trump's withdrawal from the nuclear deal.

Finally, the magazine warned of the possibility of Iran's direction to implement its threat to close the Strait of Hormuz, which passes by about 30% of the volume of global oil trade, which was waved two days ago, quoting the researcher at the Brookings Institution, Susan Maloney, saying: "If Iran will be in the nook, looking for ways to reduce oil supplies coming out of the region ... Iran can also put pressure on Iraq to change its oil production pattern or target foreign energy companies with cyber attacks to destabilize markets. "