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U.S. Pressing Allies to End Iran Oil Imports by Nov. 4, Official Says
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Official says U.S. doesn’t want to discuss waivers, extensions
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Oil prices surged as move could greatly limit crude supplies
U.S. Said to Press Allies to End Iran Oil Imports
The U.S. is pressing allies to end all imports of Iranian oil by a Nov. 4 deadline and doesn’t want to offer any extensions or waivers to that timeline, a decision that sent oil prices surging on expectations it will tighten energy markets significantly more than expected.
The desire to slash Iranian oil exports comes as Washington follows through on President Donald Trump’s decision in May to quit the 2015 Iran nuclear deal, a move criticized by allies from Asia to Europe. In a briefing Tuesday, a State Department official said that while the administration wouldn’t rule out waivers or extensions to the November deadline -- which Trump announced when he withdrew from the accord -- it isn’t discussing them either.
