US to announce cancellation of Iranian oil sanctions waivers starting May 2 - Reports
Washington, Apr 22 (Sputnik/UNI) The US Department of State will announce on Monday the cancellation of sanctions waivers for Iranian oil imports, local media have reported, citing anonymous officials from the department.
US Secretary of State Mike Pompeo will make the announcement on Monday morning local time, the Washington Post newspaper specified. Pompeo will tell journalists that, starting May 2, the Department of State will no longer grant any sanctions waivers enabling countries importing Iranian oil to continue doing so.
US President Donald Trump announced last May Washington's withdrawal from the Iran nuclear deal. This triggered the re-imposition of sanctions against Iran, previously lifted under the agreement. Two rounds of sanctions have been reintroduced since then, including large-scale restrictions covering oil exports from Iran to other countries.
In early November 2018, Washington granted six-month waivers from oil sanctions on Tehran, to eight countries dependent on Iranian energy imports — Greece, Italy, Taiwan, China, India, Turkey, Japan and South Korea.
The United States wants all countries to eventually cut their oil imports from Iran to zero, which is likely to have a significant impact on the country, where oil exports serve as one of main sources of revenue for the state.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
