The U.S. Has Granted Japan and 10 EU Countries Exemption from Iran Sanctions

The U.S. Has Granted Japan and 10 EU Countries Exemption from Iran Sanctions

from OilPrice.com Daily News Update by kennedyc@oilprice.com (Charles Kennedy)

It is well known that as part of a coordinated campaign the US and EU have pressured Iran with their sanctions to restrict any country importing Iranian crude oil. Under the sanctions law president Obama must cut off foreign financial institutions, who continue to trade with Iran’s central bank without an official exemption, from the US financial system. Exemptions are available to countries that make significant reductions the amount of Iran crude that they import before the end of June. No official figure has been released to indicate what…Read more...