US to renew sanctions waivers for five Iran nuclear programmes

WASHINGTON: The United States is set to announce this week it will renew sanctions waivers for five Iran nuclear programmes that allow Russia, China and European countries to continue civilian nuclear cooperation with Iran, the Washington Post reported on Tuesday .

President Donald Trump, in an Oval Office meeting last week, sided with Treasury Secretary Steven Mnuchin who argued for renewing the waivers over objections by Secretary of State Mike Pompeo and national security adviser John Bolton, the Post said.

Trump abandoned the 2015 nuclear agreement with Iran and six world powers last year, arguing that he wanted a bigger deal that not only limited Iran's atomic work but also reined in its support for proxies in Syria, Iraq, Yemen and Lebanon, and curbed its ballistic missile programme. Trump tightened sanctions on Iran in May to try to choke off its oil exports.

"These waivers can be revoked at any time, as developments with Iran warrant. But because of the Treasury Department's legitimate concerns, we've decided to extend them for now," the official said, according to the Post. Fears of a direct US-Iranian conflict have risen since May with several attacks on oil tankers in the Gulf, Iran's downing of a US surveillance drone, and a plan for US air strikes on Iran last month that Trump called off at the last minute.

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