The United States said Wednesday it was ending waivers in its sanctions for nations that remain in the Iran nuclear accord, bringing the deal further to the verge of collapse.
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◢ The United States announced Monday it would halt sanctions waivers for Iran's Fordow plant, likely ending a key component of a landmark nuclear deal after Tehran said it had resumed enrichment activities. US waivers remain in place for other nuclear sites including Bushehr, a nuclear power plant off the Gulf coast being developed with Russia under safeguards.
◢ Two of the U.S. Senate’s staunchest opponents of the Iran nuclear deal drafted legislation that would bar President Donald Trump from renewing waivers allowing Iran to maintain a limited civil nuclear program. The bill from Lindsey Graham and Ted Cruz would end three waivers allowing work at a reactor at Arak, an enrichment facility at Fordow, and the Tehran Research Reactor.
◢ The United States said Wednesday it was extending waivers for three civilian nuclear projects in Iran, despite Washington's withdrawal from the 2015 nuclear agreement. "This is a short 90 day extension," said White House National Security Advisor John Bolton, a champion of the hawkish policy towards Tehran.
◢ After being hit by the trade war and U.S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick. China probably isn’t complying with U.S. sanctions on Iranian crude, U.S. Deputy Energy Secretary Dan Brouillette said Friday, adding that he didn’t have any hard evidence to show this.
◢ Germany and Britain on Monday warned Tehran not to breach uranium stockpile limits set by the 2015 nuclear deal, as the EU's diplomatic chief dismissed Iranian threats as "political dialectics.” Iran set a 10-day countdown on Monday to exceed the 300-kilogram limit set on its enriched uranium stocks, dealing another blow to the crumbling nuclear accord signed by Tehran and six international powers.
◢ Saudi Arabia ramped up oil production last month by the most this year, largely filling the gap created by tougher U.S. sanctions on its political rival, Iran. Iranian output plunged in May to the lowest since 1990 as the Trump administration threatened sanctions, according to a Bloomberg survey of officials, analysts and ship-tracking data.
◢ The U.S. State Department sought to quash speculation that the Trump administration is easing its clampdown on Iranian oil exports after a sanctions waiver program ended May 2, saying there has been no softening in the American stance that any country buying Iran’s oil would be subject to penalties.
◢ The Trump administration will renew several key waivers that allow Iran to keep operating a limited civilian nuclear program. The U.S. is extending waivers that the administration had previously granted allowing nations that remain in the deal to engage in nonproliferation activities and nuclear research at three sites—Fordow, Bushehr and Arak.
◢ Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran, currently the third-largest supplier of crude to the Middle East’s biggest economy. “Iranian oil isn’t cheap but there is a big difference” with the price of Saudi and U.A.E crude, Turkish Foreign Minister Mevlut Cavusoglu said at a reception in Ankara.
◢ The United States said Monday it would start imposing sanctions on friends such as India that buy Iranian oil, in its latest aggressive step to counter Tehran that could jeopardize US relationships. The announcement sent global crude prices spiraling higher, although President Donald Trump tweeted that Saudi Arabia and other US allies would"more than make up" for decreases in Iranian oil.
◢ Turkey voiced hope Tuesday that the United States will extend an exemption in sanctions to allow it to keep buying oil from Iran, despite tensions between the allies on multiple fronts. Turkish Finance Minister Berat Albayrak met President Donald Trump at the White House on Monday and discussed the range of disagreements.
◢ The biggest buyers of Iranian oil are said to be putting their purchases on hold as they wait to see whether the White House will extend waivers allowing them to keep buying the crude. Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that are set to expire in the first week of May, according to people with knowledge of the matter.
◢ President Donald Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian oil after a U.S. deadline on sanctions waivers expires in May. Now that fight is getting ugly. The division—primarily between John Bolton’s National Security Council and Michael Pompeo’s State Department—has led to rising frustration and flared tempers.
◢ US officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to several nations. The message from American officials comes as OPEC and its allies prepare for a ministerial meeting in Baku, Azerbaijan.
◢ The United States will exempt China, India and Japan from oil sanctions on Iran, Secretary of State Mike Pompeo said Monday, while vowing to be "relentless" in pressuring Tehran. Hours after sweeping sanctions were reimposed following the US withdrawal from a denuclearization deal, Pompeo said eight countries would be at least temporarily exempt from the ban on buying Iranian oil due to special circumstances or so as not to disrupt energy markets.
◢ Special Representative for Iran Brian Hook briefed reporters regarding Iran sanctions to be reimposed on Monday November 5. This transcript was published by the Office of the Spokesperson at the U.S. Department of State. The briefing took place on Friday November 2.
◢ Secretary of State Michael Pompeo and Secretary of the Treasury Steven Mnuchin on brief reporters via teleconference regarding Iran sanctions to be reimposed on Monday November 5. This transcript was published by the Office of the Spokesperson at the U.S. Department of State. The briefing took place on Friday November 2.
◢ The US administration likely will enable some countries to continue importing oil from Iran in the short term, despite Washington's maximum pressure campaign against Tehran, White House national security adviser John Bolton said today. The State Department is expected to provide such exemptions before the full brunt of US sanctions pressure begins on 5 November, even though the scope of waivers is yet undetermined.
◢ Washington will not budge on its decision to impose fresh sanctions on corporations operating in Iran, despite a European request for exemption, the Financial Times reported Monday. "International companies active in Iran face the threat of US sanctions within weeks after Washington rebuffed a high-level European plea to exempt crucial industries to help keep a landmark nuclear deal with Tehran alive," the paper reported.
