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U.S. to end all waivers on imports of Iranian oil, crude price jumps

Reuters India Monday, 22 April 2019
The United States on Monday demanded that all buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.
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News video: Trump Administration Won't Renew Import Waivers For Iranian Oil

Trump Administration Won't Renew Import Waivers For Iranian Oil 00:41

According to Reuters, the Trump administration wants to cut Iranian oil exports to zero. The White House said that President Donald Trump has decided not to reissue export waivers related to sanctions imposed last November. The waivers allowed some importers to buy Iranian oil without violating those...

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