Connect with us

Featured

Eight Countries Including India, Japan To Get US Concessions To Buy Iranian Oil

Published

on

The US agreed to make concessions on eight nations including India and Japan so that they could continue to import Iranian oil, despite the sanctions. This was reported on Friday with reference to sources in the US administration agency Bloomberg.

The Agency does not name all the countries in question, but among the eight countries are Japan, India and South Korea. Sources of the agency noted that in exchange for concessions, these states would have to reduce oil imports in order not to promote price increases. Officially, concessions are expected to be announced on Friday.

Earlier, reports emerged that US President Donald Trump is ready to make serious concessions in the situation around Iran, which will allow key allies of the US to be exempted.

According to media reports, high-ranking State Department officials convinced Secretary of State Michael Pompeo not to seek to disconnect Tehran from the international banking information transfer system. In addition, the media sources stated that Washington intends to withdraw India, China and South Korea from US sanctions.

The first part of the US sanctions commenced from August 7, while the remaining sanctions will take effect after 4 November. At the same time, the United States has threatened to sanction nations that buy Iranian oil. Currently, the main importers of Iranian oil are China, Japan, South Korea, India and the EU.

Earlier, as EurAsian Times reported, Now India will be able to purchase oil from Iran without the fear of US sanctions. The US has agreed to grant India a waiver from Iran sanctions so that the country would be able to continue buying Iranian Oil according to officials in New Delhi. The waiver would allow Indian companies to continue importing about 1.25 million tonnes of oil per month from Iran until March 2019.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

INDIAN-NAVY INDIAN-NAVY
Americas3 hours ago

What Is US’ Most Lethal Submarine Killer – The P-8 Poseidon Doing On India-China Border At 15,000 Feet?

US-made Boeing P-8I Poseidon maritime patrol aircraft, also known as ‘Submarine Killer’, has been deployed in Eastern Ladakh near the...

HYPERSONIC-MISSILE HYPERSONIC-MISSILE
Featured3 hours ago

Indian BrahMos Goes Global; After Indonesia, Brazil Looks To Arms Its Gripen Jets With Indo-Russian Missile

The BrahMos-NG is intended to be a mini-version of the existing BrahMos, being lighter and shorter while still having a...

CHINA-amphibious-aircraft-AG600 CHINA-amphibious-aircraft-AG600
Asia Pacific4 hours ago

Seaplanes Set To Make A Comeback As China Threatens The US With Its Amphibious ‘Fish Dragon’

Decades ago, seaplanes proved their might during World War I for surveillance and reconnaissance. Not just that, seaplanes were later...

eurasian times eurasian times
Featured5 hours ago

Top Iranian Nuclear Scientist Assassinated Near Tehran; Fingers Raised Towards Mossad

A senior scientist linked to the Iranian nuclear program, Mohsen Fakhrizadeh-Mahabadi, was assassinated in Damavand, east of Tehran on Friday,...

indian-air-force indian-air-force
Featured8 hours ago

Third Indian MiG-29 Crashes In A Year – Is It Time To Bid Adieu To Russian Jets & Welcome Western Fighters?

The Indian Navy said on Friday that a MiG-29K trainer aircraft had crashed in the Arabian Sea around 5 pm...

BULLET-TRAIN BULLET-TRAIN
Featured9 hours ago

Modi’s Trillion Dollar Baby: India Bets Big On Its Largest Govt-Funded Project – The Bullet Train

India is gearing up to build its first bullet train corridor covering 508 kilometers between Mumbai and Ahemdabad. The National...

india-russia india-russia
EurAsian Region10 hours ago

India, Russia To Showcase Their Naval Might In Joint Drills In Baltic Sea

The Russian and Indian navies are likely to conduct joint drills in the Baltic Sea sometime next year, according to...

Pakistani-Passport Pakistani-Passport
Featured12 hours ago

UAE Visa Ban Starts To Pinch Pakistan; 3000 Jobs Lost In First Week As Indian Workers Rejoice

OPED By Haider Abbas

Bubonic Plague Bubonic Plague
Americas13 hours ago

As China Slips In The Covid-19 Vaccine Race, Will Russia Eclipse The US & UK To Get The 1st Shot Out?

As the world continues to battle Covid-19, a study on the efficacy of Chinese Sinovac Biotech’s vaccine, published in the...

RSS-HINDU-GROUP RSS-HINDU-GROUP
Featured14 hours ago

#LoveJihad: Democratic India Plans To Combat ‘Love Jihad’ In An Attempt To Control Interfaith Marriages

Hindu right-wing has coined the term “love jihad”, to describe the marriage of a Hindu girl to a Muslim boy....

Advertisement
Advertisement