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

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.

The desire to slash Iranian oil exports comes as Washington follows through on President Donald Trump's decision in May to quit the 2015 Iran nuclear deal, a move criticized by allies from Asia to Europe. In a briefing Tuesday, a State Department official said that while the administration would not rule out waivers or extensions to the November deadline – which Trump announced when he withdrew from the accord – it is not discussing them either.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs