The Iran has warned countries to end oil imports from Iran by several years or risk penalties. The move follows Washington 's reimposition of sanctions on Washington in a bid to isolate it politically and economically. Buyers of Iranian crude had expected to be allowed to wean themselves off Iranian oil over several years , as Trump officials had suggested. But senior State Department officials said it will issue no such waivers.
The US has warned countries to end oil imports from Iran by 4 November or risk penalties. The move follows Washington's reimposition of sanctions on Tehran in a bid to isolate it politically and economically. Buyers of Iranian crude had expected to be allowed to wean themselves off Iranian oil over several years, as Trump officials had suggested. But senior State Department officials said it will issue no such waivers.