8 Nations Allowed to Keep Buying Iranian Oil

• Quite obviously, USA has lost this round and are backing down.
• PressTV Published on Nov 2, 2018
  The US has agreed to let eight countries including, Japan, India and South Korea keep buying Iranian oil after Washington re-imposes sanctions on Tehran from next week. Bloomberg has cited a senior White House official as saying the waivers are aimed at preventing a rise in oil prices. The official, however, said the waivers are temporary. The Iranian Oil Ministry said this shows the country’s crude is needed and could not be withdrawn from the market. The US sanctions targeting Iran’s oil sector will come into effect on November the fifth. Washington had previously told its allies to cut all oil purchases from Iran to zero. It had also threatened to punish firms that continue business with Iran when sanctions are reintroduced.

end