WASHINGTON: The US is ready to work with nations which can be decreasing their oil imports from Iran on a “case-by-case foundation”, however won’t grant waivers to nations like India and Turkey because it may considerably cut back stress on sanctions-hit Tehran, in keeping with a senior Trump administration official.

Iran is India’s third-largest oil provider behind Iraq and Saudi Arabia. Iran equipped 18.Four million tonnes of crude oil throughout April 2017 and January 2018 (first 10 months of 2017-18 fiscal).

Final month President Donald Trump withdrew the US from the 2015 landmark Iran nuclear deal, re-imposing US sanctions that had been suspended in return for curbs on Tehran’s nuclear programme.

On the time, the Trump administration gave overseas firms both 90 or 180 days to wind down their enterprise with Iranian counterparts, relying on the kind of business exercise.

Now, Washington is stepping up stress on all nations, together with India and China, to utterly cease shopping for oil from Iran by November 4.

“We’re not seeking to grant licenses or waivers, as a result of doing so would considerably cut back stress on Iran, and it is a marketing campaign of imposing stress,” Brian Hook, Director of Coverage Planning on the State Division advised reporters at a information convention yesterday.

“And so, we’re not seeking to grant licenses or waivers broadly on the reimposition of sanctions, as a result of we imagine stress is important to attain our nationwide safety goals,” he mentioned.

Mr Hook mentioned that the primary a part of US sanctions towards Iran will snap again on August 6.

“These sanctions will embrace focusing on Iran’s automotive sector, commerce in gold, and different key metals,” he mentioned.

“The remaining sanctions will snap again on November 4. These sanctions will embrace focusing on Iran’s power sector and petroleum-based transactions, and transactions with the Central Financial institution of Iran,” Mr Hook mentioned.

“We’re ready to work with nations which can be decreasing their imports on a case-by-case foundation, however as with our different sanctions, we’re not seeking to grant wavers or licenses,” Mr Hook mentioned when requested about India and Turkey which import Iranian oil.

After Trump introduced his withdrawal from the Iranian nuclear settlement, Mr Hook mentioned American officers have been visiting a number of world capitals to convey president Trump’s  message of cooperation and coordination on the Iran problem.

“Many nations around the globe share our pursuits in countering terrorism, halting the proliferation of missiles and selling peace and stability within the Center East. We need to work with these nations to construct a powerful world effort,” he mentioned.

“Our focus is on getting as many nations importing Iranian crude all the way down to zero as quickly as attainable. We’re additionally working with oil market contributors, together with producers and customers, to make sure market stability.

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