US will no longer grant exemptions for Iranian oil imports

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US President Donald Trump has said he wants to exert 'maximum economic pressure' on Iran by cutting off its oil exports.

"The goal remains simply to deprive the outlaw regime of the funds that it has used to destabilise the Middle East for decades and incentivise Iran to behave like a normal country."Iran's main eight oil importers were previously granted exemptions from sanctions until 2 MayPresident Trump unilaterally pulled out of a 2015 nuclear accordBut Washington granted exemptions to Japan, South Korea, Taiwan, Turkey, China, India, Italy and Greece to allow limited purchases for six months.

Mevlut Cavusoglu, the Turkish foreign minister, criticised the decision, tweeting:"Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbours." He added:"We stand with the United States' determination against Iranian aggression and this is the right way to stop it."

 

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I'm still trying to get over the fact that the US imports oil from Iran. !

Maybe the US should start with not dealing with the oil rich nations in the Middle East! You know.... like Saudi, Kuwait etc!

Problem is it just means Saudi Arabia and United Arab Emirates will pump more oil and take their place. It doesn’t quite end a problem, just transfers it

Bloody good job

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