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
Latest posts by CNBC (see all)
- Planet-friendly development: How India can help the world while helping herself - July 16, 2019
- Oil down as US Gulf of Mexico output returns - July 16, 2019
- Oil edges up as storm hampers US supply, glut forecasts weigh - July 12, 2019