India, China, Turkey Silently Purchasing Iran’s Crude Oil as US Ban Begins


India, China, Turkey Silently Purchasing Iran’s Crude Oil as US Ban Begins

Iran’s biggest likely remaining oil customers, China, Turkey and India, were silent about purchases of Iranian crude Thursday as a total U.S. ban on such trade took effect, leaving their next moves a mystery.

The Trump administration was equally silent about what action it might take if any of the three countries continues to purchase Iranian oil after Thursday, with no statements on the subject issued during the day by the departments of State or Treasury.

A six-month grace period granted by the United States for China, Turkey, India and five other governments to reduce their Iranian oil imports to zero expired Wednesday. Read More

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