Tag Archives: Iran

South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.

The US decision to end waivers for purchase of crude oil from Iran will not impact the Chabahar port project being developed by India. a US State Department official has told PTI news agency.

Tehran has lashed out at Saudi Arabia and Bahrain for supporting Washington’s termination of sanctions waivers for major Iranian crude buyers. saying the Islamic Republic would allow no country to replace it in the oil market.

US President Donald Trump last year pulled out of a landmark 2015 nuclear deal with Iran.

Gas imports for the summer will temporarily increase to 35 million cubic meters per day.

Iran will hold the US and those countries accountable for the negative consequences of attempts to chock Iranian oil exports.

The U.S. move increase the risk of conflict in the Middle East.

Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors.

The United States reimposed sanctions on exports of Iranian oil last November.

The US decision on Monday more than failing to snuff out Iran’s oil exports will disrupt markets and complicate Washington’s relations with Beijing and even its own partners. industry analysts say.