US to end Iran oil sanctions exemptions

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US to end Iran oil sanctions exemptions
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Iran oil: US to end sanctions exemptions for major importers

The Trump administration hopes to compel Iran to negotiate a"new deal" that would cover not only its nuclear activities, but also its ballistic missile programme and what officials call its"malign behaviour" across the Middle East.

However, six-month waivers from economic penalties were granted to the eight main buyers of Iranian crude - China, India, Japan, South Korea, Taiwan, Turkey, Italy and Greece - to give them time to find alternative sources and avoid causing a shock to global oil markets.Mike Pompeo said the US was"dramatically accelerating" its pressure campaign

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