US Iran Envoy: Countries buying Iranian oil will be subject to sanctions

Dhwani Mehta FXStreet

In a statement released late-Thursday, the US Special Representative for Iran Brian Hook said that the US will sanction any country which buys oil from Iran after the expiration of waivers on May, 2^nd, as reported by Reuters.

Key Quotes:

Sanctions would be imposed “even if a country had not met its previously-negotiated purchase caps.”

“Our firm policy is to completely zero out purchases of Iranian oil. Period.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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