US Will Not Reissue Waivers For Country's That Buy Iranian Oil

Reuters: U.S. to end all waivers on imports of Iranian oil, crude price jumps

WASHINGTON (Reuters) - The United States on Monday demanded that all buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.

The Trump administration’s move on Monday not to renew exemptions granted last year to major buyers of Iranian oil was a more stringent outcome than some nations had expected. Several importers had hoped to continue buying Iranian oil without facing U.S. sanctions, according to sources familiar with discussions between the United States and other nations as late as last week.

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WNU Editor: The U.S. feels confident that OPEC will make up for the shortfall .... Trump says OPEC can step up output after Iran waivers (Reuters). As for OPEC, they are adopting a cautious approach on what happens next .... Saudi Arabia says to coordinate with other producers to ensure adequate oil supply (Reuters)

Update: There are some exceptions .... Exclusive: U.S. carves out exceptions for foreigners dealing with Revolutionary Guards (Reuters).

More News On The U.S. Not Reissuing Waivers For Country's That Buy Iranian Oil

US says no more sanctions waivers for importing Iranian oil -- AP
US moves to end sanctions waivers for nations importing Iranian oil -- France 24
Trump to sanction allies over Iran oil, causing new friction -- AFP
US will not reissue waivers for Iran oil imports -- Al Jazeera
Secretary of state says no grace period after May 1 end to Iran oil waivers -- Reuters
US to end sanctions waivers for Iranian oil imports -- DW
US Will No Longer Provide Sanctions Waivers for States Importing Iran Oil -- Sputnik

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