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IC - Zero exemptions across the board on Iran sanctions - May 2019

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The US will not renew waivers for Iranian oil buyers that were granted sixmonth reprieves from sanctions in November. The waivers were issued to eight countries and will expire May 2. The decision primarily affects five remaining importers: China, India, Japan, South Korea and Turkey, which have all lobbied the Trump administration to extend the waivers. The other three countries that were granted waivers—Greece, Italy and Taiwan—have already reduced their purchases of Iranian crude to zero. The decision to let the......
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