The United States will grant sanctions to eight countries in Iran, including China, Japan, and India.

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 The United States will grant sanctions to eight countries in Iran, including China, Japan, and India.


It is reported that when the U.S. sanctions against Iran come into effect on November 5, the United States will announce which countries can continue to buy Iranian oil without sanctions. The United States will allow India to continue importing about 1.25 million tons of oil from Iran every month until March next year, the Times of India quoted people familiar with the matter as saying on the evening of the 1st. A Japanese oil market analyst said that if India were exempted, the possibility of Japan getting exemption would increase, Reuters reported on Tuesday. NBC Financial Channel also said that the Trump government may allow India and South Korea to continue to buy oil from Iran.

Bloomberg quoted two sources familiar with the Sino-US negotiations as saying that although China is still negotiating with the United States, China is also one of several countries that have been granted immunity. It is not clear who the other four countries are, but Turkeys Minister of Energy and Natural Resources, Denmez, told reporters in Ankara on Friday that Turkey may also be exempted.

The anonymous U.S. official said that although the goal of the U.S. is still to reduce Irans economic income, the U.S. will exempt Iran from sanctions in order not to push up oil prices, on the premise that relevant countries continue to reduce their imports of Iranian oil. The official declined to give details of the amount of oil that these countries could buy, saying the exemption was temporary and that the Trump administration also asked them to cut off other economic ties with Iran, such as reducing trade in goods outside the scope of sanctions. In addition, countries that are exempt must deposit their currencies in escrow accounts to make payments to Iran. This means that the money will not flow directly into Iran, which can only use it to buy food, medicines or other non-sanctioned goods from its crude oil customers.

From the perspective of the United States, there are also signs of sanctions granted to other countries. U.S. President Bolton said Wednesday that Trump did not want to hurt friends and allies by putting pressure on Iran. In addition, U.S. Treasury Secretary Mnuchin said recently that countries that do not expect to import Iranian oil will immediately reduce their purchases to zero in November. Bloomberg said Brent oil prices in London had fallen by about 15% from $85 a barrel last month, driven by news that the United States would exempt some countries and OPEC members would increase oil production. At 12:56 on 2 noon, London crude oil futures price was 72.80 dollars per barrel. The price of West Texas Intermediate oil in New York is $63.39 a barrel. The Associated Press said U.S. Treasury Secretary Manuchin announced on Friday that the United States would restart all sanctions against Iraq lifted by the Iranian nuclear agreement, which came into effect on Monday. The United States will also include more than 700 Iran companies and individuals in the sanctions blacklist. Source: Global Times - World Wide Web. More brilliant, please log on to World Wide Web http://www.huanqiu.com responsible editor: Yao Wenguang _NN1682

From the perspective of the United States, there are also signs of sanctions granted to other countries. U.S. President Bolton said Wednesday that Trump did not want to hurt friends and allies by putting pressure on Iran. In addition, U.S. Treasury Secretary Mnuchin said recently that countries that do not expect to import Iranian oil will immediately reduce their purchases to zero in November.

Bloomberg said Brent oil prices in London had fallen by about 15% from $85 a barrel last month, driven by news that the United States would exempt some countries and OPEC members would increase oil production. At 12:56 on 2 noon, London crude oil futures price was 72.80 dollars per barrel. The price of West Texas Intermediate oil in New York is $63.39 a barrel.

The Associated Press said U.S. Treasury Secretary Manuchin announced on Friday that the United States would restart all sanctions against Iraq lifted by the Iranian nuclear agreement, which came into effect on Monday. The United States will also include more than 700 Iran companies and individuals in the sanctions blacklist. It