US considers waivers on Iran oil sanctions - media

US considers waivers on Iran oil sanctions - media

The Trump administration is actively considering waivers on sanctions it will reimpose next month for countries that are reducing their imports of Iranian oil, Reuters reported, citing a U.S. government official.

The administration is “in the midst of an internal process” of considering exceptions called SRE waivers, or significant reduction exemptions, a government official, who spoke on the condition of anonymity, said.

It was the first time a U.S. official said the administration was in the process of considering waivers. 

U.S. Secretary of State Mike Pompeo said in India last month that the administration would consider waivers and that some buyers of Iranian oil would take a “little bit of time” to unwind their trade with Iran.