Wednesday, Aug 12, 2020 | Last Update : 12:08 PM IST

140th Day Of Lockdown

Maharashtra53560136843518306 Tamil Nadu3086492506805159 Andhra Pradesh2445491547492203 Karnataka1886111055993398 Delhi1461341316574131 Uttar Pradesh126722767212120 West Bengal98459671202059 Bihar8274154139450 Telangana8075157586637 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
  India   All India  02 Nov 2018  US grants India, 7 nations to continue buying Iranian oil: Report

US grants India, 7 nations to continue buying Iranian oil: Report

REUTERS
Published : Nov 2, 2018, 1:36 pm IST
Updated : Nov 2, 2018, 1:40 pm IST

However, analysts said any potential Iranian oil sanction waivers would likely only be temporary.

Reportedly close US allies, South Korea and Japan had received waivers along with India. A list of all countries getting waivers was expected to be released officially on Monday. (Representational image | PTI)
 Reportedly close US allies, South Korea and Japan had received waivers along with India. A list of all countries getting waivers was expected to be released officially on Monday. (Representational image | PTI)

New Delhi/Singapore: The US government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it re-imposes sanctions on Tehran from next week, Bloomberg reported on Friday, citing a US official.

Iran’s biggest oil customers - all in Asia - have been seeking sanctions waivers to allow them to still buy some of its oil.

 

Bloomberg reported that close US allies South Korea and Japan had received waivers along with India, which relies heavily on supplies from Iran, adding that a list of all countries getting waivers was expected to be released officially on Monday.

A Chinese official told Reuters that discussions with the US government were ongoing and that a result was expected over the next couple of days.

“We think Trump will agree to China importing some volumes, similar to the treatment that India and South Korea receive,” Clayton Allen of Height Securities said in a note on Friday.

However, analysts said any potential Iranian oil sanction waivers would likely only be temporary.

 

“The US may use waivers to slow-walk implementation, but these will not apply indefinitely,” Allen said.

Goldman Sachs said it expects Iran’s crude oil exports to fall to 1.15 million barrels per day (bpd) by the end of the year, down from around 2.5 million bpd in mid-2018.

Tags: us sanctions on iran, iran oil
Location: India, Delhi, New Delhi