The U.S. Treasury Department is asking other countries to stop buying Iranian oil, as part of increasing sanctions against Iran.
Here’s the problem: Iran has already adjusted its oil business so that sanctions don’t have any affect. They don’t take the U.S. dollar anymore (the real reason U.S. officials want to attack Iran), and they even let countries pay for oil purchases with barter (by trading for other petroleum related products/services). If enough countries stop taking Iranian oil it will only drive up the price of oil for everyone! In fact, just the U.S. Treasury Department suggesting this will cause market oil prices to go up.
Who’s side is our government on anyway?