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Buyers of Iranian Oil to Get Waivers: Sanctions Wrap

Days before the deadline, the Trump administration is offering sanctions waivers to buyers of Iranian oil

It's Trump Sanctions, Not OPEC, That's Boosting Oil
Photographer: Ali Mohammadi/Bloomberg
Updated on

With fewer than three days to go until U.S. sanctions hit Iran’s oil exports, Donald Trump’s administration is offering waivers to eight buyers of the Persian Gulf state’s barrels – effectively allowing them to continue some form of purchases.

The critical question now is scale. How much crude and condensates will keep flowing from the Middle East country? The eight nations include Japan, India, Turkey and South Korea, according to a U.S. official. Secretary of State  Michael Pompeo announces said details about the waivers will be provided on Monday.