Economics
U.S. Keeps Eye on Iran Oil Buyers as Sanctions Squeeze Flows
- Trump administration exerting “maximum pressure:” official
- Markets are well supplied; U.S. has capacity to fill the gaps
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The U.S. has a message for buyers of sanctioned Iranian crude: we’re watching you.
The Trump administration routinely examines the effectiveness of its sanctions and is monitoring nations buying oil from Iran, said Kurt Donnelly, deputy assistant secretary for energy diplomacy from the Bureau of Energy Resources at the U.S. Department of State, without elaborating. While South Korea and India have halted purchases, customs data show that China is still regularly taking crude from the Persian Gulf nation, albeit at much smaller quantities.