All tagged waivers

US Renews Waivers for Iran Civil Nuclear Projects

◢ The United States said Wednesday it was extending waivers for three civilian nuclear projects in Iran, despite Washington's withdrawal from the 2015 nuclear agreement. "This is a short 90 day extension," said White House National Security Advisor John Bolton, a champion of the hawkish policy towards Tehran.

China Is Buying Iranian LPG Despite Sanctions, Ship-Tracking Shows

◢ After being hit by the trade war and U.S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick. China probably isn’t complying with U.S. sanctions on Iranian crude, U.S. Deputy Energy Secretary Dan Brouillette said Friday, adding that he didn’t have any hard evidence to show this.

Germany, UK Warn Iran Over Uranium Plans as EU Urges Caution

◢ Germany and Britain on Monday warned Tehran not to breach uranium stockpile limits set by the 2015 nuclear deal, as the EU's diplomatic chief dismissed Iranian threats as "political dialectics.” Iran set a 10-day countdown on Monday to exceed the 300-kilogram limit set on its enriched uranium stocks, dealing another blow to the crumbling nuclear accord signed by Tehran and six international powers.

Turkey Reluctant to Replace Iran Oil With Saudi, U.A.E Supplies

◢ Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran, currently the third-largest supplier of crude to the Middle East’s biggest economy. “Iranian oil isn’t cheap but there is a big difference” with the price of Saudi and U.A.E crude, Turkish Foreign Minister Mevlut Cavusoglu said at a reception in Ankara.

Trump to Sanction Allies Over Iran Oil, Risking Friction

◢ The United States said Monday it would start imposing sanctions on friends such as India that buy Iranian oil, in its latest aggressive step to counter Tehran that could jeopardize US relationships. The announcement sent global crude prices spiraling higher, although President Donald Trump tweeted that Saudi Arabia and other US allies would"more than make up" for decreases in Iranian oil.

Turkey Hopeful US Will Extend Waiver on Iran Sanctions

◢ Turkey voiced hope Tuesday that the United States will extend an exemption in sanctions to allow it to keep buying oil from Iran, despite tensions between the allies on multiple fronts. Turkish Finance Minister Berat Albayrak met President Donald Trump at the White House on Monday and discussed the range of disagreements.

U.S. Waiver Concern Sees Iranian Oil Buyers Put Imports on Hold

◢ The biggest buyers of Iranian oil are said to be putting their purchases on hold as they wait to see whether the White House will extend waivers allowing them to keep buying the crude. Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that are set to expire in the first week of May, according to people with knowledge of the matter.

Trump Team Split Over Iran Oil Waivers as Next Deadline Nears

◢ President Donald Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian oil after a U.S. deadline on sanctions waivers expires in May. Now that fight is getting ugly. The division—primarily between John Bolton’s National Security Council and Michael Pompeo’s State Department—has led to rising frustration and flared tempers.

Oil Market Can Weather Zero Iranian Exports: U.S. Officials

◢ US officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations. The message from American officials comes as OPEC and its allies prepare for a ministerial meeting in Baku, Azerbaijan.

US to Exempt China, India, Japan from Iran Oil Sanctions: Pompeo

◢ The United States will exempt China, India and Japan from oil sanctions on Iran, Secretary of State Mike Pompeo said Monday, while vowing to be "relentless" in pressuring Tehran. Hours after sweeping sanctions were reimposed following the US withdrawal from a denuclearization deal, Pompeo said eight countries would be at least temporarily exempt from the ban on buying Iranian oil due to special circumstances or so as not to disrupt energy markets.

US Eyes Limited Waivers for Iran Crude Buyers

◢ The US administration likely will enable some countries to continue importing oil from Iran in the short term, despite Washington's maximum pressure campaign against Tehran, White House national security adviser John Bolton said today. The State Department is expected to provide such exemptions before the full brunt of US sanctions pressure begins on 5 November, even though the scope of waivers is yet undetermined.

US Rejects European Call for Iran Sanctions Waiver

◢ Washington will not budge on its decision to impose fresh sanctions on corporations operating in Iran, despite a European request for exemption, the Financial Times reported Monday. "International companies active in Iran face the threat of US sanctions within weeks after Washington rebuffed a high-level European plea to exempt crucial industries to help keep a landmark nuclear deal with Tehran alive," the paper reported.

US Sticks to Goal of Cutting Iran Oil Exports to Zero

◢ The United States remains determined to force Iran to change its behavior by cutting its oil exports to zero, the State Department said Monday, despite resistance from importing countries. Brian Hook, the senior official leading negotiations with US allies on a new Iran strategy, said Washington is confident the world has enough spare oil capacity to replace Iranian crude.

US Demands World Halt Iranian Oil Imports By Nov 4

◢ The United States warned Tuesday that countries around the world must stop buying Iranian oil before November 4 or face a renewed round of American economic sanctions. A senior State Department official warned foreign capitals "we're not granting waivers" and described tightening the noose on Tehran as "one of our top national security priorities."