• SENSEX
    NIFTY 50
Commodities

US to announce end to sanctions waivers for Iran oil imports

Updated : April 22, 2019 07:40 AM IST

The source confirmed a report by a Washington Post columnist that the administration will terminate the sanctions waivers it had granted to some importers of Iranian oil late last year.
The US reimposed sanctions in November on exports of Iranian oil after 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.
US to announce end to sanctions waivers for Iran oil imports

You May Also Like

Live TV

recommended for you

Advertisement