US will not renew waivers for Iran oil imports: White House

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US will not renew waivers for Iran oil imports: White House
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US will not renew waivers for Iran oil imports: White House
US will not renew waivers for Iran oil imports: White House
U.S. will not renew waivers for Iran. Oil imports, White House – US President Donald Trump has decided not to reissue waivers in May, allowing importers, including turkey, to buy Iranian oil without facing us sanctions. The White House said in a statement on Monday, the United States, Saudi Arabia and the United Arab Emirates have agreed to take timely action to ensure that Global demand is met, as all Iranian oil is removed from the market. The White House said this decision is intended to bring a rent oil exports 0, denying the regime its principal source of Revenue. The statement said Secretary of State Mike Pompeo was to discuss the move at the state department Monday morning. The decision means sanctions waivers for five nations in China and India, and US treaty allies. Turkey, Japan and South Korea won’t be renewed when they expire on May 2nd. The move comes as the administration’s offends. It’S already strict penalties on Iran by trying to choke also the revenue the country makes from oil sales. The waivers had been in place since November when the administration Reading Post sanctions on Iran after President Donald Trump withdrew the US from The Landmark 2015 nuclear deal with Iran. They were granted in part to give those countries time to eliminate their purchases of Iranian oil, but also to ease any impact on global energy markets, with the abrupt removal of urine production home PO says now that production increases swear we’ll make up for the loss of Iranian oil on the market,
US will not renew waivers for Iran oil imports: White House

U.S. President Donald Trump has decided not to reissue waivers in May allowing importers, including Turkey, to buy Iranian oil without facing U.S. sanctions, the White House said in a statement on Monday.

The United States, Saudi Arabia and the United Arab Emirates “have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market,” the White House said.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the statement said.

Secretary of State Mike Pompeo was to discuss the move at the State Department Monday morning. The decision means sanctions waivers for five nations, including China and India and U.S. treaty allies Turkey, Japan and South Korea, won’t be renewed when they expire on May 2.

The move comes as the administration toughens its already strict penalties on Iran by trying to choke off all the revenue the country makes from oil sales.

The waivers had been in place since November, when the administration re-imposed sanctions on Iran after President Donald Trump withdrew the U.S. from the landmark 2015 nuclear deal with Iran.

They were granted in part to give those countries time to eliminate their purchases of Iranian oil but also to ease any impact on global energy markets with the abrupt removal of Iran’s production.

Pompeo says now that production increases elsewhere will make up for the loss of Iranian oil on the market.

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