From the Field
USA grants Iran sanctions waivers: report
WASHINGTON, DC, November 2, 2018 – The USA has granted temporary sanctions waivers to eight countries including India, Japan and South Korea to continue importing Iranian oil, international media reported on Friday.
China and Turkey are also likely among the eight, though further details remain sparse, Bloomberg reported, mostly citing anonymous sources.
Some analysts have said they doubt the reports.
“I don’t buy the story for a second,” Michael Every of Rabobank told Bloomberg, commenting on the China report. “This seems a perfect way to ensure equities rally into election day, put [Chinese President Xi Jinping] into a box in terms of what is expected of him and then have someone to blame when the deal then falls through.”
Wide-reaching sanctions against Iran are set to come into effect on November 5 after US President Donald Trump pulled out of a nuclear deal with Tehran in May.