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US to end sanction waivers for Iran oil imports

by ChemOrbis Editorial Team -
  • 22/04/2019 (16:55)
According to a statement on the White House’s official website, the US President Trump has decided not to reissue sanction waivers that were granted for countries importing Iranian oil.

As part of the US administration’s latest decision, exemptions that were granted to China, India, Japan, South Korea, and Turkey will expire as of May 2, 2019.

This decision not to renew the waivers was in line with the US administration’s efforts to bring Iran’s oil exports to zero. The statement also assured that the US, along with Saudi Arabia, and the United Arab Emirates, is committed to ensuring that global oil markets remain adequately supplied.
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