- Friday, April 19, 2024
By: Radhakrishna N S
The United States re-introduced sanctions against Iranian crude oil exports on Monday (5), although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now. India and China are also seeking waivers from the US’s crude oil sanctions. Washington restored measures lifted under a 2015 nuclear deal negotiated with Tehran by the administration of president Barack Obama, adding as well 300 new designations including Iran’s crude oil, shipping, insurance and banking sectors, aiming to cripple Iran’s main export revenues from the petroleum industry. Despite this, Iran will…
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