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US pressing allies to end Iran oil imports by November 4, official says

The US wants its allies to stop all imports of Iranian oil by its Nov. 4 deadline. The announcement sent oil prices surging on expectations the move will tighten energy markets more than expected.
Photo: Bloomberg
Photo: Bloomberg
by Nick Wadhams and Javier Blas, bloomberg

The US is pressing allies to end all imports of Iranian oil by a Nov. 4 deadline and does not want to offer any extensions or waivers to that timeline, a decision that sent oil prices surging on expectations it will tighten energy markets significantly more than expected.

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