• Sunday, May 22, 2022

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US Allows Eight Jurisdictions To Keep Importing Crude Oil From Iran Temporarily

The waivers are only on temporary and the US is expected to ask the crude oil importing countries to move ahead to keep reducing the Iranian crude oil imports in the near future, media reports said on Friday (2) (Photo: STR/AFP/Getty Images).

By: Radhakrishna N S

In a relief to India, the US said on Friday (2) that it will temporarily spare eight jurisdictions from Iran related sanctions to allow them to keep importing crude oil from OPEC member as the it reimposes sanctions on Tehran on Monday (5). India is one of the leading importer of Iranian crude oil after China. The re-imposition of the US sanctions against Tehran earlier created fear that India’s cheaper crude oil imports may stop amid rising crude oil imports bills of the country. India may have included in the list of the eight counties which are temporarily allowed to…

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