Bloomberg quoted U.S. government officials on November 2 as saying that the United States would grant eight countries immunity from Irans oil sanctions, including Japan, South Korea and India. The official list of exempt countries is expected to be announced next Monday (November 5th).
In July this year, EU President Schmidt (left), EU High Representative for Foreign and Security Policy Mogelini and Iranian Foreign Minister Zarif attended a meeting in Austria.
According to U.S. officials, the sanctions exemption may be temporary; the United States hopes that these Iranian oil buyers will gradually reduce their oil imports from Iran in the coming months, with the ultimate goal of reducing Iranian crude oil imports to zero.
Reuters reported Tuesday that South Koreas foreign ministry refused to comment on the news, and Japanese officials could not be reached for comment.
Reuters reported Monday that Japan had said it had not yet won exemption from the U.S. plan to impose new sanctions on Iran.
So far, Japan and the United States have held four negotiations on the issue of U.S. sanctions against Iran, Chief Cabinet Secretary Kan Yiwei said at a press conference on November 1. Japan has raised that these issues will not affect the activities of Japanese enterprises, and I do not want to comment further on the details of these negotiations.
John Bolton, a US national security adviser, said on October 31 that the Trump administrations sanctions on Iranian crude oil exports were aimed at putting pressure on Tehran, but did not want to harm countries that depended on Iranian oil.
Main buyer of Iran crude oil in 2017 (US Energy Information Administration)
The main buyers of Iranian crude oil are in Asia. In 2017, the three U.S. allies accounted for 37% of Iranian crude oil exports (18% in India, 14% in South Korea and 5% in Japan).
In addition, according to data from the U.S. Energy Information Agency, Iranian crude oil exports averaged 2.5 million barrels per day in 2017 (about 145 million tons a year). The main exporters were China (24%), India (18%), Korea (14%), Turkey (9%), Italy (7%), France (5%), Japan (5%), the United Arab Emirates (5%) and other countries. Home (13%).
Since this year, with tensions between the United States and Iran, many countries have cut imports of Iranian crude oil. China is still the largest buyer of Iranian crude oil, and its share has risen further. According to Reuters data in July, China bought 29% of Iranian crude oil in the first half of 2018.
Reuters also had no exact information on whether the United States would exempt China from sanctions, citing the view of Clayton Allen, an analyst with the Securities Agency, We believe that Trump will agree with China to import some Iranian crude oil and give treatment similar to that received by India and South Korea. Some analysts also say that the exemption from Iran is likely to be temporary. Source: observer net responsibility editor: Li Hang _BJS4645
Reuters also had no exact information on whether the United States would exempt China from sanctions, citing the view of Clayton Allen, an analyst with the Securities Agency, We believe that Trump will agree with China to import some Iranian crude oil and give treatment similar to that received by India and South Korea.
Some analysts also say that the exemption from Iran is likely to be temporary.