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In recent decades, the United States has increasingly used the means of economic warfare in its geopolitical struggles. Among these instruments – in addition to the financial markets – it most often launches geoeconomic attacks in the oil market against its geopolitical adversaries. The United States can cause significant economic damage both for oil exporter (eg. Iran, Venezuela) and oil importer (eg. Cuba, North Korea) countries by restricting their access to oil markets.This paper analyzes the economic warfare in the oil market between the United States and Iran, Russia, and North Korea. Through these examples this paper demonstrates how the United States organizes and executes geoeconomic attacks in the oil market and how it handles country-specific problems. The United States has the means to organize broad international coalition alongside the oil market sanctions – even in the lack of UN Security Council resolutions.United Nations has decided on a number of economic sanctions against Iran because of its nuclear program. These sanctions reduced the supply in the world oil market and resulted in about 10-20% price increase, while Iran – despite of the sanctions – found the way to sell significant amount of oil, mainly to China and India.Russia is a member of the UN Security Council, so no UN sanctions can be imposed on it, nevertheless the United States and its allies launched a geoeconomics assault against Russia after the annexation of the Crimea. Russia was prepared for these economic sanctions and could effectively reduce the negative effects on its oil export, which could even increase after the western sanctions. North Korea is under UN sanctions since 2006 because of its nuclear program. The sanctions refer to oil and oil products as well, but has no significant effect on world oil market and oil price, because North Korea is a relatively small country with low oil consumption.North Korea is suffering a huge economic burden due to severe restrictions and its only way to circumvent the embargo – according to American accusations – is to smuggle some oil from China and Russia. ; In recent decades, the United States has increasingly used the means of economic warfare in its geopolitical struggles. Among these instruments – in addition to the financial markets – it most often launches geoeconomic attacks in the oil market against its geopolitical adversaries. The United States can cause significant economic damage both for oil exporter (eg. Iran, Venezuela) and oil importer (eg. Cuba, North Korea) countries by restricting their access to oil markets.This paper analyzes the economic warfare in the oil market between the United States and Iran, Russia, and North Korea. Through these examples this paper demonstrates how the United States organizes and executes geoeconomic attacks in the oil market and how it handles country-specific problems. The United States has the means to organize broad international coalition alongside the oil market sanctions – even in the lack of UN Security Council resolutions.United Nations has decided on a number of economic sanctions against Iran because of its nuclear program. These sanctions reduced the supply in the world oil market and resulted in about 10-20% price increase, while Iran – despite of the sanctions – found the way to sell significant amount of oil, mainly to China and India.Russia is a member of the UN Security Council, so no UN sanctions can be imposed on it, nevertheless the United States and its allies launched a geoeconomics assault against Russia after the annexation of the Crimea. Russia was prepared for these economic sanctions and could effectively reduce the negative effects on its oil export, which could even increase after the western sanctions. North Korea is under UN sanctions since 2006 because of its nuclear program. The sanctions refer to oil and oil products as well, but has no significant effect on world oil market and oil price, because North Korea is a relatively small country with low oil consumption.North Korea is suffering a huge economic burden due to severe restrictions and its only way to circumvent the embargo – according to American accusations – is to smuggle some oil from China and Russia.

After Germany introduced the unrestricted submarine warfare at the beginning of February 1917, the United States declared war on 6th April 1917 on Berlin and joined the First World War beside the Allied countries. In response to the declaration of war the Austro-Hungarian Monarchy broke off its diplomatic relations with Washington on the 9th April 1917. The martial law between the two states came into force on the 7th December 1917 with the US's declaration of war. The First World War ended with the victory of the Entente and the peace was dictated by the victors. US President Woodrow Wilson achieved that the victorious powers adopted the League of Nations Covenant in April 1919, which became part of the Paris peace treaties. The US domestic politics was divided over the League of Nations, and as a result of that the US Senate has not ratified neither Germany's nor Austria's and Hungary's peace treaties. The US concluded a separate peace treaty with the losing countries on the basis of the Knox-Porter-resolution. In the history of diplomacy the Knox-Porter-resolution became known as a peace resolution that abolished the state of war between the parties, but the United States has assured all the rights guaranteed by the ceasefire agreement and the peace treaty. The study deals with the preliminaries, the parliamentary debate, details of the ratification, and also describes the most important points of the peace treaty between the United States and Hungary signed on 29th August 1921.