US Weighs Iran Oil Blockade to Disrupt Russia-India-China Alliance

The incoming Trump administration is reportedly considering a total oil blockade on Iran, mirroring the restrictive model previously applied to Venezuela. This strategic move aims to disrupt energy supplies to China, which relied on Iran for an average of 1.38 million barrels per day last year. The proposed plan seeks to redirect Iranian crude to India as a replacement for Russian oil, utilizing US-controlled escrow accounts to maintain leverage. By forcing this shift, Washington intends to weaken the strategic ties within the RIC alliance of Russia, India, and China. Market analysts anticipate that such a blockade could trigger significant volatility in Brent Crude and WTI prices due to supply disruption fears. Additionally, the geopolitical realignment is expected to put downward pressure on the Chinese Yuan and Russian Ruble against the US Dollar.