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U.S. Won't Renew Sanction Exemptions For Countries Buying Iran's Oil
NPR: President Trump will not renew special waivers that have allowed Japan, China, India, Turkey and South Korea to import oil from Iran without running afoul of renewed U.S. sanctions, the White House announced Monday. The waivers are set to expire in early May.
The oil-importing countries have been benefiting from Significant Reduction Exceptions — temporary waivers the Trump administration has been issuing since the president withdrew the U.S. from the Iran nuclear deal and reimposed sanctions on Iran last year.
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