• 12 January 2019 - 12:57
  • News Code: 95782

The United States will grant no more waivers for Iranian oil after the re-imposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday.

“Iran is now increasingly feeling the economic isolation that our sanctions are imposing...We do want to deny the regime revenues,” Brian Hook told a news conference in the United Arab Emirates capital Abu Dhabi.

“Eighty percent of Iran’s revenues come from oil exports and this is (the) number one state sponsor of terrorism..We want to deny this regime the money it needs,” Hook said.

Hook declined to say what the administration in Washington would do when the current Iran waivers end in May. Reuters reported.

Washington granted waivers to eight major buyers of Iranian oil - including China, India, Japan and South Korea - after restoring energy sanctions in November.


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