Iran Oil: India Likely To Be Exempted From U.S. Sanctions


Iran Oil: India Likely To Be Exempted From U.S. Sanctions

Eight countries will be given exemptions and “weeks longer to wind down” their trade with Iran, once U.S. sanctions against Iran kick in on November 5.

This was clarified by Secretary of State Michael Pompeo on Friday during a conference call with some members of the press.

Mr. Pompeo said the list of eight “jurisdictions” will be released on Monday, two of which have already reached zero levels of Iranian oil imports.

He also clarified that the European Union — which consists of 28 countries including the UK — will not be one of the jurisdictions granted a temporary exemption. Read more

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