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Tuesday 20th March 2018

US Official Says No More Waivers on Iran Oil Imports

Business

7Dnews London

Sat, 12 Jan 2019 12:49 GMT

Washington is determined to dry up Teheran's sources of income, so there will be no more waivers for the purchase of Iranian oil after the reintroduction of US sanctions, the US special representative for Iran, Brian Hook said on Saturday January 12th.

"Iran is now increasingly feeling the economic isolation that our sanctions are imposing...We do want to deny the regime revenues," Reuters cited Brian Hook. 

Tanker data and industry sources suggest that Iran's crude oil exports will be severely curtailed for a third month in January as it struggles to find new buyers amid US sanctions, even though its traditional customers had secured temporary waivers.

Hook declined to say what the administration in Washington would do when the current Iran waivers end in May.  

"Eighty percent of Iran's revenues come from oil exports and this is (the) number one state sponsor of terrorism. We want to deny this regime the money it needs," Hook said.

Tensions between Iran and the US have increased since May, when President Trump pulled out from the 2015 nuclear deal between Tehran and major powers, saying that the accord had failed to curb Tehran's behaviour, and he reintroduced sanctions that had been lifted under the pact.

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