Friday, 16 November, 2018


HBO Responds To President Trump's Game Of Thrones Tweets

India Korea US Said to Agree Iran Oil Waiver Outline India and South Korea Win Waivers From Iranian Oil Sanctions, but the Pressure's Still On
Conrad Doyle | 04 November, 2018, 18:22

Trump was, of course, referring to reimposing sanctions against Iran that had been lifted as part of an Obama-era nuclear agreement.

President Donald Trump withdrew from the deal in May, describing it as "defective at its core".

"The sanctions are indeed coming", Netanyahu stated ahead of the renewed, far-reaching sanctions that Washington is slated to slap on Tehran next week.

The waivers will be valid for six months, during which time the importing country can buy Iranian oil but must deposit Iran's revenue in an escrow account.

China - the leading importer of Iranian oil - is still in discussions with the US on terms but is among the eight, according to two people familiar with the discussions.

Given that the demand for petroleum products grew at a compound annual growth rate (CAGR) of 5.5% between 2013 and 2017, there were not many options available to India with terms as attractive as those offered by Iran. Iran is the world's No. 3 oil exporter.

The United States will also add 700 individuals and entities to its Iran blacklist and pressure the global SWIFT banking network to cut off Tehran when the sanctions are put back in place next week, U.S. officials said.

The 13th of Aban, the statement said, is "the symbol of the Iranian nation's fight against the arrogance and its invincibility in the face of the United States and the evil arrogant movement in contemporary history".

In the past, Israeli ministers have confided to the Post that Trump's trade war with China could undermine his drive to isolate Iran. "The U.S. must reverse course before irreparable harm is done to the Iranian people, regional security and America's global standing".

Mnuchin says the US has informed SWIFT that it would be subject to USA sanctions if it provides financial transfer services to "certain designated Iranian financial institutions".

"There's a key fact here: in this 40-year challenge, the defeated is the U.S. and the victorious is the Islamic republic".

Eight countries, though, are receiving waivers that will allow them to keep buying oil from Iran without coming under USA sanctions: Pompeo did not identify the countries, but Bloomberg reported that four are Japan, India, China and South Korea. The waivers are only temporary, and the USA will expect countries to keep cutting Iranian imports in the months ahead, it added.

However, eight countries will not be penalised by the USA for continuing to import Iranian oil. It has announced plans for a legal framework through which firms can skirt United States sanctions, although few major corporations have been eager to risk the wrath of penalties in the world's largest economy.

Saudi Arabia, the world´s largest exporter, has claimed that it can respond to the Iranian shortfall, but some market players are wondering whether the kingdom is exhausting its capacities.

Unusually, Pompeo did not name the eight, other than to say the European Union is not among them.

Iran called on Saturday for European assurances of support in the face of Washington's intent to reimpose sanctions on vital Iranian oil sales to force Tehran to curb its nuclear, missile and regional activities.

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