USA grants Iran sanctions waivers: report

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.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

20 hours ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

1 day ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

1 day ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

1 day ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

2 days ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

2 days ago

This website uses cookies.