#Bitcoin short reversal

zerohedge.com / by Tyler Durden / Apr 13, 2017 10:42 AM

As the world watches each new North Korean development with bated breath, the Trump administration is reportedly preparing new economic sanctions which could be used in lieu of military force to de-nuclearize the country.

According to Reuters, the sanctions could include a potential oil embargo, intercepting cargo ships headed to North Korea, a ban on the country’s airline, Air Koryo, and punishments for Chinese banks doing business with Pyongyang.

Despite sending a naval force to the Korean peninsula, the Trump administration is focusing its North Korea strategy on tougher economic sanctions, possibly including an oil embargo, banning its airline, intercepting cargo ships and punishing Chinese banks doing business with Pyongyang, U.S. officials say.

 U.S. President Donald Trump has approved a preliminary broad approach on North Korea and asked his national security team to craft a more detailed framework for new international sanctions and other actions to counter Pyongyang’s nuclear and missile programs, one official said.

 “There’s a whole host of things that are possible, all the way up to what’s essentially a trade quarantine on North Korea,” the official told Reuters on Wednesday, speaking on condition of anonymity.

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