IRAN SANCTIONS TO SNAP BACK, WITH SOME EXCEPTIONS

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Title : IRAN SANCTIONS TO SNAP BACK, WITH SOME EXCEPTIONS
Link : IRAN SANCTIONS TO SNAP BACK, WITH SOME EXCEPTIONS

Eight countries will receive sanctions waivers, including four of Iran’s top oil consumers: India, China, South Korea and Japan.

The Trump administration will reimpose harsh sanctions against Iran on Monday targeting its energy, shipping and financial industries, reverting to a policy of maximum pressure on the Islamic republic that was suspended under a 2015 international nuclear agreement.

Eight countries will receive sanctions waivers, however, including four of Iran’s top oil consumers: India, China, South Korea and Japan.

“We expect to issue some temporary allotments to eight jurisdictions, but only because they have demonstrated significant reductions in their crude oil [imports] and cooperation on many other fronts,” US Secretary of State Mike Pompeo told reporters. “These negotiations are still ongoing. Two of the jurisdictions will completely end imports as part of their agreements. The other six will import at greatly reduced levels.”

US President Donald Trump acknowledged the deadline over the weekend by tweeting an image inspired by HBO’s hit series, Game of Thrones. “Sanctions are coming,” the poster-like graphic read, “November 5.”

But the commander of Iran’s Islamic Revolutionary Guard Corps, Maj.-Gen. Qassem Soleimani, responded in kind with a similar image. His message read: “I will stand against you,” against a wintry backdrop. (Read More)