Re: but the decision to raise the price was just one more sign of Iran’s faltering economy
It was their work in Yemen and Syria that encouraged Trump to break the nuclear deal
Like I said: incontinent foreigen policy, which has lead to both Iran and Russia expanding their influence in the region. But, hey, at least the US got to sell loads of weapons to the Saudis.
The SPV isn't really the issue as long as the US threatens to punish any companies involved in trading with Iran and not just freeze them out of SWIFT, which forces multinationals to choose. Cooperating with China on the SPV is complicated by the stalled US-China trade talks. In the meantime, most oil producers are suffering by the slump in demand.
More incontience: Trump wants South Korea to pay more for the US troops stationed there. As a result, South Korea has started to talk with China about military cooperation.