U.S. grants eight countries Iran sanctions waivers

U.S. grants eight countries Iran sanctions waivers

The U.S. government has agreed to let eight countries keep buying Iranian oil after it reimposes sanctions on Tehran from next week, Bloomberg reported, citing a U.S. official.

The list of countries includes South Korea, Japan, India and others.

The Washington Free Beacon, in turn, reported that the Trump administration is poised to offer a series of major concessions to Iran that will let it escape key economic sanctions, according to multiple U.S. officials and administration insiders familiar with the state of play.

Senior State Department officials working on the Iran issue are said to have convinced Secretary of State Mike Pompeo to permit Iran to remain connected to the international banking system, providing a key lifeline to Tehran. According to the report, the concessions to Iran will also include oil waivers to countries such as China, South Korea, and India.

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