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U.S. to announce end to sanctions waivers for Iran oil imports: Washington Post

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U.S. to announce end to sanctions waivers for Iran oil imports: Washington Post

 

2019-04-21T234729Z_2_LYNXNPEF3K0SY_RTROPTP_4_OIL-IRAN-SANCTIONS.JPG

FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

 

WASHINGTON (Reuters) - The United States is preparing to announce on Monday that all importers of Iranian oil will have to end their imports shortly or be subject to U.S. sanctions, a Washington Post columnist reported on Sunday.

 

The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers. Washington is pressuring Iran to curtail its nuclear program and stop backing militant proxies across the Middle East.

 

Along with sanctions, Washington has also granted waivers to eight economies that had reduced their purchases of Iranian oil, allowing them to continue buying it without incurring sanctions for six more months. They were China, India, Japan, South Korea, Taiwan, Turkey, Italy and Greece.

 

But on Monday, Secretary of State Mike Pompeo will announce "that, as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude or condensate," the Post's columnist Josh Rogin said, citing two State Department officials that he did not name.

 

Reuters was unable to independently verify the report. A State Department spokesman declined comment.

 

On Wednesday, Frank Fannon, U.S. Assistant Secretary of State for Energy Resources, repeated the administration's position that “Our goal is to get to zero Iranian exports as quickly as possible.”

 

Other countries have been watching to see whether the United States would continue the waivers. Last Tuesday, Turkish presidential spokesman Ibrahim Kalin said that Turkey expects the United States to extend a waiver granted to Ankara to continue oil purchases from Iran without violating U.S. sanctions.

 

Turkey did not support U.S. sanctions policy on Iran and did not think it would yield the desired result, Kalin told reporters in Washington.

 

Washington has a campaign of 'maximum economic pressure’ on Iran and through sanctions, it eventually aims to halt Iranian oil exports and thereby choke Tehran’s main source of revenue.

 

So far in April, Iranian exports were averaging below 1 million barrels per day (bpd), according to Refinitiv Eikon data and two other companies that track such exports and declined to be identified.

 

That is lower than at least 1.1 million bpd as estimated for March, and down from more than 2.5 million bpd before sanctions were reimposed last May.

 

In futures trading overnight, Brent crude, the international oil benchmark, was up 0.6 percent at $72.41 a barrel, highest since November of last year.

 

(Reporting by Susan Cornwell; Editing by Susan Thomas and Marguerita Choy)

 

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-- © Copyright Reuters 2019-04-22
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Posted (edited)

Case you noticed Mr. Trump doesn't concern himself with Popularity in his Country or others.its all about business.  As far as other countries, his agenda is how and what will  benefit American's.Has America changed how much your country pays it's fair share, or was your country one of the one's that were part of the waiver?USA doesn't take to kindly to Iran ,especially when it considers them a threat

Edited by riclag
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I would imagine if his family had business in other countries before and after his term in office they would stand to profit from that! Seeing many politicians have done this in the past to some extent. I have no problem with the Trumps building on it.I'm sure it also benefits America to some degree

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18 minutes ago, riclag said:

Case you noticed Mr. Trump doesn't concern himself with Popularity in his Country or others.its all about business.  As far as other countries, his agenda is how and what will  benefit American's.Has America changed how much your country pays it's fair share, or was your country one of the one's that were part of the waiver?USA doesn't take to kindly to Iran ,especially when it considers them a threat

Actually it benefits Saudi Arabia as oil price go up.

Surprising? 

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no doubt  

6 minutes ago, candide said:

Actually it benefits Saudi Arabia as oil price go up.

Surprising? 

no doubt

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who are the beneficiaries? if you know the answer, you'll understand  why trump has taken this decision

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3 hours ago, Pique Dard said:

who are the beneficiaries? if you know the answer, you'll understand  why trump has taken this decision

There are lots of beneficiaries of this policy. 

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Posted (edited)
17 hours ago, toenail said:

Trump has alienated the USA from its allies and “neutral countries”. Total lack of respect & trust with the USA government- no country gives a damn about supporting “Dictator Trump”.

Really? Who would they be? Could you please name the allied countries that no longer support the U.S... Don't care about the "neutral countries". That's like saying your an Independent. Not willing to take a stand.

Edited by Longcut

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