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US plans to eliminate sanctions waivers on Iranian oil

Washington/London/New York | Japan, South Korea, Turkey, India and China will face pressure to cancel Iranian oil imports as the US eliminates sanctions waivers in an effort to increase pressure on Tehran one year after Washington left the Iran nuclear deal.

A senior US official told the Financial Times that Michael Pompeo, the US secretary of state, would on Monday (Tuesday AEST) announce a move to end waivers when they expired in early May. The move is just the latest effort to ratchet up pressure on Iran.

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    Original URL: https://www.afr.com/link/follow-20180101-p51g7n