The White House announced Monday that it will not reissue waivers to countries purchasing oil from Iran in light of U. S. sanctions, which could take about one million barrels of oil off the market daily.
April 22 (UPI) — The White House said Monday it won’t allow other nations to buy oil from Iran, in an effort to kill a critically important revenue stream for Tehran — a move that could remove one million barrels of oil from the market, each day.
The U. S. administration last fall granted 180-day waivers to some countries — including Greece, Italy and Taiwan — if they took steps to end buying Iranian oil. Monday, the White House said the waivers would not be extended.
