Three of eight importers granted waivers by Washington to buy oil from Iran have...
WASHINGTON - Three of eight importers granted waivers by Washington to buy oil from Iran have now cut their shipments to zero, a U.S. official said on Tuesday, adding that improved global oil market conditions would help reduce Iranian crude exports further.
While the United States has set a goal of completely halting Iran’s oil exports, it granted temporary import waivers to China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea to ensure low oil prices and no disruption to the global oil market. Hook said U.S. oil sanctions against Iran had removed about 1.5 million barrels of Iranian oil exports from the market since May 2018.
Analysts believe the administration is likely to extend the waivers to the remaining five importers to placate top buyers China and India and to decrease the chance of higher oil prices. “With oil prices actually lower than they were when we announced our sanctions and global production stable, we are on the fast track to zeroing out all purchases of Iranian crude,” Hook said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Beto's 11-Hour RolloutThree rallies in three cities in one day: Here’s what Beto O’Rourke’s frenzied kickoff looked like in photos
Read more »
Comey: Imagine if it were Obama and Iran, not Trump and RussiaFormer FBI Director James Comey on Wednesday defended the investigations into President Donald Trump’s campaign after reports of interference by Russian agents in 2016, using a comparison that seems bound to get under the president’s skin
Read more »
Iran president visits flood-hit zones as death toll hits 43Iranian President Rouhani visits flood-hit zones after nine days of heavy rains inundate most of the country and kill 43 people
Read more »
Afghans recruited by Iran for Syria war return home pariahsHERAT, Afghanistan (AP) — Too poor to even buy pens and notebooks for school, Mehdi left his home in Afghanistan soon after his 17th birthday and headed to Iran, hoping to make his way to Europe...
Read more »
Iran floods force evacuations as U.S. denies sanctions harming aid effortsIranian authorities ordered the evacuation of scores of villages on Tuesday as t...
Read more »
Israel strike kills 7 Iranian, Iran-backed fighters in SyriaBEIRUT (AP) — A Syrian war monitoring group says an Israeli airstrike the night before killed seven Iranian and Iranian-backed fighters in northern Syria. The Britain-based Syrian...
Read more »
President Rouhani inspects flood damage in northern IranPresident Hassan Rouhani on Wednesday inspected damage caused by flash floods in...
Read more »
Luxembourg court delivers setback to 9/11 families' Iran claimsA Luxembourg court refused on Wednesday to enforce a U.S. ruling that would have...
Read more »