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Trump's big Iran oil gamble

Trump's big Iran oil gamble

The Trump administration’s announcement Monday that it is ending waivers allowing several countries to keep importing Iranian crude is likely to push up oil prices and sour relations with U.S. friends and rivals alike that rely on Iranian energy, all while stoking more tensions in the waters around the Persian Gulf.

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US cuts oil waivers to force Iran out of the JCPOA

US cuts oil waivers to force Iran out of the JCPOA

The Donald Trump administration will not renew sanctions waivers next month for eight countries to continue imports of Iranian oil, it announced today, in a move key American allies interpreted as an effort to get Iran to quit the 2015 nuclear deal that the United States withdrew from last year.

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What's Trump's endgame for Iran?

What's Trump's endgame for Iran?

Maximum pressure, meet minimum patience. The Trump administration took another dramatic step toward disrupting the status quo in and on Iran with the abrupt halt of all waivers for U.S. sanctions targeting Iranian oil exports. The decision places Washington on a collision course with China, India, and Turkey—whose continuing crude imports from Iran would be subject to U.S. penalties after May 2—and appears designed to push Iran’s leadership to the brink.

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Iranian response to US cancellation of oil waivers

Iranian response to US cancellation of oil waivers

In reaction to the US announcement that it will not reissue sanction waivers on Iranian oil in May, Iranian Foreign Ministry Spokesman Seyyed Abbas Mousavi said that Iran considers the whole US illegal sanctions and their waivers as 'worthless.'

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