Exclusive: US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say - Reuters
Exclusive: US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"My hope is for your swift action to identify and stop any illicit activity linked to Iran to avoid further action from Treasury."
— Scott Bessent , Executive
""My hope is for your swift action to identify and stop any illicit activity linked to Iran to avoid further action from Treasury.""
— Scott Bessent , Executive
""So they're not going to be able to get their oil. They can get oil. Not Iranian oil.""
— Scott Bessent , Executive
"Water is fundamental to how economies operate."
— Ajay Banaga , Executive
"The agreement aims to optimise country oil resources, strengthen foreign exchange reserves of the Central Bank, and facilitate proactive management of the nation's treasury."
— Thierry Minko , Politician
"We are delighted to have signed this contract with the Republic of Gabon."
— Dave Gallagher , Executive
"So they’re not going to be able to get their oil. They can get oil. Not Iranian oil."
— Scott Bessent , Executive
Key People
Ajay Banaga is the head of the World Bank.
Dave Gallagher is associated with Trafigura.
Former president of the United States known for his aggressive economic policies.
Scott Bessent is the Treasury Secretary.
Thierry Minko is the Minister of Economy, Finance, Debt & State Holdings for the Republic of Gabon.
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<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxOUWZpWDVqMEVHQ1QzTi1RS3l3YVk0MkUydTdOZ2MxSGVvekNuVG1Cd2xHM2lranBReWJreHFIWHgyLWYxSmQtdG1NbWQ5OWxzOElSeXY2RG5tUGh2UTV6aXhUSzMtNER6ejhEZjRLTy1DVkdreWFTZTRVci12RDlQZmYxdDdLSEx3dGQ3OS1pQW8xMzhpVmNCVnRIaFdQc3ZDX2hLQXFFMVRNUEZOOWdN?oc=5" target="_blank">Exclusive: US will not renew waiver on Iranian oil as it mounts pressure on Tehran, sources say</a> <font color="#6f6f6f">Reuters</font>
The United States Department of the Treasury has confirmed that a short-term waiver permitting the sale of Iranian oil stranded at sea will expire on April 19 and will not be renewed, marking a further tightening of sanctions pressure on Iran.
Two administration officials said on Tuesday that the Trump administration would allow a 30-day waiver on sanctions against Iranian oil at sea to expire later this week. The U.S. has imposed a blockade for shipments coming from Iranian ports.
The US will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week, signaling increased pressure on Tehran amid ongoing tensions.
The US is allowing a 30-day waiver of sanctions on Iranian oil to expire, intensifying its blockade on shipments from Iranian ports.
The US will not renew a 30-day waiver of sanctions on Iranian oil at sea that expires this week, and quietly let a similar waiver on sanctions on Russian oil expire over the weekend, as the US imposes a blockade on shipments from Iranian ports.
The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, as the US imposes a blockade on shipments from Iranian ports.
The US Treasury Department said Tuesday it does not plan to renew a temporary easing of sanctions on Iranian oil that aimed to ease war-related supply shocks.
The US Treasury Department issued a sweeping warning to all financial institutions on Tuesday, saying it is ready to apply secondary sanctions on any entity it determines to be working in support of Iranian activities.
The Donald Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, ending a temporary measure that had eased global supply pressures by allowing significant volumes of oil to reach markets.
The U.S. Treasury Department has confirmed that it will not renew the 30‑day waiver permitting the delivery, sale, and offloading of Iranian oil and petroleum products. The short‑term authorization, which allowed sanctioned oil already stranded at sea to be sold, is set to expire in the coming days.
The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, as the US imposes a blockade on shipments from Iranian ports.
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