Economics
No More Waivers for Buyers of Iran’s Oil, Says U.S. Envoy
- State Department’s Hook stresses goal of zero Iranian exports
- U.S. balancing security and economic interests with sanctions
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The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said.
U.S. sanctions have so far cut Iran’s exports to about 1 million barrels a day from a level of 2.7 million before Washington announced sanctions on the country. Of the eight buyers that secured initial U.S. waivers to buy oil from Iran, only five are still doing so, Brian Hook, the State Department’s special representative for Iran, said in an interview.