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Iran oil exports to plummet in November, but rebound on way as buyers use waivers

Updated : November 06, 2018 12:11 PM IST

The original aim of the sanctions was to cut Iran's oil exports as much as possible, to quash its nuclear and ballistic missile programmes, and curb its support for militant proxies, particularly in Syria, Yemen and Lebanon.
But the exemptions granted to Iran's biggest oil clients - China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey - which allow them to import at least some oil for another 180 days, could mean the exports start to rise after November.
Iran oil exports to plummet in November, but rebound on way as buyers use waivers
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