US will review waiver for India on Iran oil exports after 6 months, says US under secretary Mark W Menezes


US will review waiver for India on Iran oil exports after 6 months, says US under secretary Mark W Menezes

A month after granting waivers to India and seven other countries from sanctions on Iran oil exports, a top US official said that the waivers would be reviewed after six months.

“We thank India for joining the US in its goal of restricting the export of Iranian oil,” said Mark W Menezes, principal advisor to the Trump administration on Energy Policy. “All waivers granted are unique to each country. We will review in six months. We will then make a decision based on facts and circumstances. Our goal remains zero export of Iranian oil and we are absolutely clear about that.”

Menezes added that US shares India’s concern on fuel prices and oil prices had actually come down as the US has become a net exporter for the first time. Read More

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