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India and South Korea Win Waivers From Iranian Oil Sanctions, but the Pressure's Still On

The United States announced Friday it had agreed to grant waivers to eight countries that, it said, had started reducing their purchases.

The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal - but with an exemption for eight oil-buying nations that could include China. "A normal, stable and developing Iran is good for all concerned", Dr Gargash tweeted. "These two can't happen together", Iranian Oil Minister Bijan Namdar Zanganeh said late September. "Tehran's hostile and aggressive approach has been the major source of instability", he said.

Anger and distrust of the United States are surging again following President Donald Trump's decision to withdraw from Iran's nuclear deal with world powers despite Tehran's compliance with the agreement, which was negotiated under the Obama administration.

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The U.S. on Monday will also expand sanctions on a wide range of Iranian entities, according to Treasury Secretary Steve Mnuchin.

"So in 2012, not buying Iranian oil and living up to very tough sanctions ... was a way in their mind to avoid a war", Ross said on a call hosted by the Washington Institute for Near East Policy today, referring to the Europeans.

Turkey's Energy Ministry said on Friday it had heard rumors of waivers but added it had not received written notification of any exemption on buying Iran oil after the United States reimposes sanctions on Tehran.

Pompeo said eight nations will receive temporary waivers allowing them to continue to import Iranian petroleum products as they move to end such imports entirely.

But proponents as well as the other parties to the deal - Britain, China, France, Germany, Russia and the European Union - have vehemently defended it. Pompeo said he will announce them on Monday.

With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.

The United States is open to a "new, more comprehensive deal" with Iran, President Donald Trump has said ahead of a second and final round of sanctions ordered by him go into effect from Monday, hitting Iran's crude oil exports, shipping and ports and its financial system. That's for "cheese, for butter, for jam, for meat, for chicken, everything", said Reza Eidiyuon, who, like everybody else in Tehran, is anxious about the new USA sanctions. Countering the White House take, he said, "Impoverishing ordinary Iranians will not hurt the regime or achieve any of America's security interests, but it will set back the Iranian people's aspirations for years to come".

Donald Trump, since breaking that deal in May, has vowed to cut off Iranian oil revenue completely, and oil exporters and tankers will be among 700 companies, individuals, vessels and aircraft that will be added to a USA sanctions blacklist on Monday.

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