US deadline for world to halt import of Iranian oil

US deadline for world to halt import  of Iranian oil

Washington - US President Donald Trump in May said his administration was withdrawing from the "defective" nuclear deal.



By Reuters

Published: Fri 29 Jun 2018, 12:20 AM

The United States has told countries to cut all imports of Iranian oil from November and is unlikely to offer any exemptions, a senior State Department official said on Tuesday as the Trump administration ramps up pressure on allies to cut off funding to Iran.
US President Donald Trump in May said his administration was withdrawing from the "defective" nuclear deal agreed between Iran and six world powers in July 2015, aimed at curbing Tehran's nuclear capabilities in exchange for the lifting of some sanctions, and ordered the reimposition of US sanctions against Tehran that were suspended under the accord. "Yes, we are asking them to go to zero," the official said when asked if the United States was pushing allies, including China and India, to cut oil imports to zero by November.
"We're going to isolate streams of Iranian funding and looking to highlight the totality of Iran's malign behaviour across the region," said the official.
The official said a US delegation was headed to the Middle East next week to urge Gulf producers to ensure global oil supplies as Iran is cut out of the market starting on November 4 when US sanctions are reimposed. Officials have yet to hold talks with China and India, among the largest importers of Iran's oil, as well as Turkey and Iraq.


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